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E2OPEN (NASDAQ:EOPN)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $26.70 and last traded at $26.50, with a volume of 74,492 shares traded. The stock had previously closed at $25.06.

EOPN has been the subject of a number of recent research reports. Analysts at Northland Securities raised their price target on shares of E2OPEN to $27.00 in a research note to investors on Friday, January 10th. Separately, analysts at Canaccord Genuity raised their price target on shares of E2OPEN from $24.00 to $28.00 in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of E2OPEN in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $25.50.

E2OPEN has a 1-year low of $12.27 and a 1-year high of $26.70. The stock has a 50-day moving average of $23.25 and a 200-day moving average of $21.82. The company’s market cap is $696.6 million.

E2OPEN (NASDAQ:EOPN) last posted its quarterly earnings results on Thursday, January 9th. The company reported ($0.16) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.03. The company had revenue of $18.30 million for the quarter, compared to the consensus estimate of $18.41 million. During the same quarter last year, the company posted $0.04 earnings per share. E2OPEN’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that E2OPEN will post $-0.54 earnings per share for the current fiscal year.

E2open, Inc is a provider of cloud-based, on-demand software solutions. The Company’s software applications allow network participants to input, access and share data and execute business processes across internal operating units and external entities.

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