Envivio Inc Hits New 52-Week High at $3.70 (ENVI)
Shares of Envivio (NASDAQ:ENVI) hit a new 52-week high during trading on Monday, American Banking News.com reports. The stock traded as high as $3.70 and last traded at $3.50, with a volume of 39,230 shares trading hands. The stock had previously closed at $3.50.
A number of analysts have recently weighed in on ENVI shares. Analysts at Zacks upgraded shares of Envivio from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $3.50 price target on the stock.
Envivio (NASDAQ:ENVI) last posted its quarterly earnings results on Monday, December 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.06 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share.
Envivio, Inc is a provider of Internet protocol (NASDAQ:ENVI) video processing and distribution solutions, which enable the delivery of video to consumers.
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