Comverse (CNSI) Announces Quarterly Earnings, Beats Estimates By $0.21 EPS
Comverse (NASDAQ:CNSI) released its earnings data on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21, AnalystRatingsNetwork reports.
Shares of Comverse (NASDAQ:CNSI) opened at 33.98 on Tuesday. Comverse has a 52-week low of $26.15 and a 52-week high of $40.30. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $34.75. The company’s market cap is $755.3 million.
On a related note, analysts at Oppenheimer raised their price target on shares of Comverse from $39.00 to $44.00 in a research note on Tuesday, January 21st. They now have an “outperform” rating on the stock.
Comverse, Inc (NASDAQ:CNSI) is a provider of software and systems enabling services for converged billing and active customer management, mobile Internet, and value-added services.
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