Rally Software Development Corp Hits New 52-Week High at $31.08 (RALY)
Shares of Rally Software Development Corp (NASDAQ:RALY) hit a new 52-week high during trading hours on Thursday, Analyst Ratings Network reports. The company traded as high as $31.08 and last traded at $30.99, with a volume of 61,546 shares trading hands. The stock had previously closed at $29.03.
A number of research firms have recently commented on RALY. Analysts at JMP Securities raised their price target on shares of Rally Software Development Corp (NASDAQ:RALY) from $31.00 to $32.00 in a research note to investors on Friday, September 6th. They now have a “market outperform” rating on the stock. Analysts at Needham & Company raised their price target on shares of Rally Software Development Corp (NASDAQ:RALY) from $25.00 to $32.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock.
Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $27.33.
Rally Software Development Corp has a one year low of $16.80 and a one year high of $30.25. The stock’s 50-day moving average is $27.42 and its 200-day moving average is $23.51. The company’s market cap is $740.1 million.
Rally Software Development Corp (NASDAQ:RALY) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.18) by $0.14. The company had revenue of $19.80 million for the quarter, compared to the consensus estimate of $17.97 million. Rally Software Development Corp’s revenue was up 45.6% compared to the same quarter last year. Analysts expect that Rally Software Development Corp will post $-0.89 EPS for the current fiscal year.
Rally Software Development Corp. is a global provider of cloud-based solutions for managing Agile software development.
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