NetSuite Inc. Reaches New 12-Month High at $108.67 (N)
Shares of NetSuite (NYSE:N) hit a new 52-week high during trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $108.67 and last traded at $107.82, with a volume of 163,457 shares trading hands. The stock had previously closed at $107.50.
A number of research firms have recently commented on N. Analysts at TheStreet upgraded shares of NetSuite (NYSE:N) to a “hold” rating in a research note to investors on Tuesday, July 30th. Separately, analysts at JMP Securities raised their price target on shares of NetSuite (NYSE:N) from $95.00 to $98.00 in a research note to investors on Friday, July 26th. They now have a “market outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of NetSuite (NYSE:N) from $75.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock.
Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.44.
NetSuite has a one year low of $56.07 and a one year high of $107.97. The stock’s 50-day moving average is $99.11 and its 200-day moving average is $89.14. The company’s market cap is $7.995 billion.
NetSuite (NYSE:N) last released its earnings data on Thursday, July 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $100.62 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 35.2% on a year-over-year basis. Analysts expect that NetSuite will post $0.27 EPS for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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