Compuware Corp. Lowered to “Hold” at TheStreet (CPWR)
Compuware Corp. (NASDAQ:CPWR) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Compuware Corporation (CPWR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”
Separately, analysts at Zacks upgraded shares of Compuware Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, November 27th. They now have a $13.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.63.
Shares of Compuware Corp. (NASDAQ:CPWR) traded up 0.20% on Friday, hitting $10.03. The stock had a trading volume of 417,131 shares. Compuware Corp. has a 52 week low of $10.00 and a 52 week high of $12.74. The stock’s 50-day moving average is $10.87 and its 200-day moving average is $10.90. The company’s market cap is $2.172 billion.
Compuware Corp. (NASDAQ:CPWR) last announced its earnings results on Wednesday, January 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $250.50 million for the quarter, compared to the consensus estimate of $257.15 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that Compuware Corp. will post $0.49 EPS for the current fiscal year.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
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