NetSuite (N) Releases Quarterly Earnings Results
NetSuite (NYSE:N) released its earnings data on Friday. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01, AnalystRatingsNetwork reports. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $111.36 million.
NetSuite (NYSE:N) opened at 113.39 on Friday. NetSuite has a one year low of $65.31 and a one year high of $114.00. The stock has a 50-day moving average of $102.7 and a 200-day moving average of $100.. The company’s market cap is $8.468 billion.
A number of analysts have recently weighed in on N shares. Analysts at BMO Capital Markets initiated coverage on shares of NetSuite in a research note to investors on Thursday, January 23rd. They set a “market perform” rating and a $112.00 price target on the stock. On the ratings front, analysts at Deutsche Bank upgraded shares of NetSuite from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd. They now have a $125.00 price target on the stock, up previously from $95.00. Finally, analysts at Maxim Group upgraded shares of NetSuite from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. They now have a $130.00 price target on the stock, up previously from $112.00. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NetSuite currently has an average rating of “Buy” and an average target price of $110.29.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.