Informatica Corp. (INFA) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Informatica Corp. (NASDAQ:INFA) posted its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.01, AnalystRatings.NET reports. The company had revenue of $276.00 million for the quarter, compared to the consensus estimate of $270.27 million.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Informatica Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock, down previously from $50.00. On the ratings front, analysts at Credit Suisse upgraded shares of Informatica Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $52.00 price target on the stock, up previously from $41.00. Finally, 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. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Informatica Corp. presently has a consensus rating of “Buy” and a consensus target price of $45.32.
In other Informatica Corp. news, CEO Sohaib Abbasi sold 59,962 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was 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 in the company, valued at approximately $13,505,312. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Informatica Corp. (NASDAQ:INFA) traded down 1.36% on Thursday, hitting $42.90. The stock had a trading volume of 2,097,746 shares. Informatica Corp. has a 52 week low of $30.27 and a 52 week high of $43.79. The stock has a 50-day moving average of $41.01 and a 200-day moving average of $38.92. The company has a market cap of $4.655 billion and a price-to-earnings ratio of 62.04.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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