Informatica Corp. (INFA) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
Informatica Corp. (NASDAQ:INFA) posted its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.01, American Banking & Market News reports. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $225.40 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Barclays downgraded shares of Informatica Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. They now have a $44.00 price target on the stock, down previously from $45.00. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Informatica Corp. from $40.00 to $45.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Informatica Corp. from $44.00 to $48.00 in a research note to investors on Sunday, September 22nd. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.94.
Shares of Informatica Corp. (NASDAQ:INFA) traded up 1.91% on Thursday, hitting $38.33. 1,928,143 shares of the company’s stock traded hands. Informatica Corp. has a one year low of $23.83 and a one year high of $39.87. The stock’s 50-day moving average is $37.58 and its 200-day moving average is $35.89. The company has a market cap of $4.149 billion and a price-to-earnings ratio of 50.82.
In other Informatica Corp. news, CEO Sohaib Abbasi sold 21,700 shares of Informatica Corp. stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $37.44, for a total transaction of $812,448.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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