ClickSoftware Technologies Price Target Cut to $8.00 (CKSW)
Research analysts at Oppenheimer decreased their price objective on shares of ClickSoftware Technologies (NASDAQ:CKSW) from $10.00 to $8.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 31.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of ClickSoftware Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $6.90 price target on the stock.
ClickSoftware Technologies (NASDAQ:CKSW) traded down 2.10% during mid-day trading on Thursday, hitting $6.07. The stock had a trading volume of 217,173 shares. ClickSoftware Technologies has a one year low of $5.72 and a one year high of $9.14. The stock has a 50-day moving average of $6.35 and a 200-day moving average of $7.23. The company has a market cap of $193.8 million and a P/E ratio of 51.67.
ClickSoftware Technologies (NASDAQ:CKSW) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.50 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that ClickSoftware Technologies will post $0.11 earnings per share for the current fiscal year.
ClickSoftware Technologies Ltd. is a provider of software products and solutions for workforce management and optimization for the service sector.
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