Evolving Systems Rating Increased to Outperform at Zacks (EVOL)
Evolving Systems (NASDAQ:EVOL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, AnalystRatingsNetwork reports. The firm currently has a $11.00 price target on the stock. Zacks‘ price target suggests a potential upside of 0.18% from the stock’s previous close.
Shares of Evolving Systems (NASDAQ:EVOL) traded up 4.77% on Monday, hitting $10.98. 203,623 shares of the company’s stock traded hands. Evolving Systems has a 52-week low of $5.38 and a 52-week high of $11.34. The stock’s 50-day moving average is $8.96 and its 200-day moving average is $7.22. The company has a market cap of $125.6 million and a price-to-earnings ratio of 25.56.
Evolving Systems (NASDAQ:EVOL) last announced its earnings results on Tuesday, August 13th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that Evolving Systems will post $0.46 EPS for the current fiscal year.
Separately, analysts at DA Davidson initiated coverage on shares of Evolving Systems in a research note to investors on Tuesday, October 1st. They set a “buy” rating and a $12.00 price target on the stock.
Evolving Systems, Inc is a provider of software solutions and services to the wireless, wireline and cable markets.
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