Informatica Corp. (INFA) to Release Quarterly Earnings on Thursday
Informatica Corp. (NASDAQ:INFA) will be issuing its quarterly earnings data on Thursday, January 23rd. Informatica Corp. has set its Q4 guidance at $0.45-0.50 EPS and its FY14 guidance at $1.55-1.65 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Informatica Corp. (NASDAQ:INFA) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.01. 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.
Shares of Informatica Corp. (NASDAQ:INFA) opened at 42.55 on Wednesday. Informatica Corp. has a 52-week low of $30.27 and a 52-week high of $43.52. The stock’s 50-day moving average is $40.83 and its 200-day moving average is $38.88. The company has a market cap of $4.617 billion and a P/E ratio of 60.71.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Informatica Corp. from $44.00 to $47.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. On the ratings front, analysts at Mizuho raised their price target on shares of Informatica Corp. from $45.00 to $50.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Informatica Corp. from $44.00 to $47.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.79.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 59,962 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.63, for a total value of $2,556,180.06. Following the sale, the chief executive officer now directly owns 316,803 shares of the company’s stock, valued at approximately $13,505,312. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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