Sonic Foundry Downgraded by Zacks to Neutral (SOFO)
Sonic Foundry (NASDAQ:SOFO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $11.30 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 10.78% from the company’s current price.
Sonic Foundry (NASDAQ:SOFO) traded up 1.47% on Wednesday, hitting $10.35. 4,111 shares of the company’s stock traded hands. Sonic Foundry has a 52 week low of $6.15 and a 52 week high of $11.43. The stock has a 50-day moving average of $10.05 and a 200-day moving average of $9.56. The company’s market cap is $41.7 million.
Sonic Foundry (NASDAQ:SOFO) last released its earnings data on Thursday, November 21st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $7.34 million. On average, analysts predict that Sonic Foundry will post $0.39 earnings per share for the current fiscal year.
Sonic Foundry, Inc (NASDAQ:SOFO) is engaged in Web communications technology, providing Webcasting, lecture capture and knowledge management solutions for higher education institutions, businesses and government agencies globally.
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