Amber Road (AMBR) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Amber Road (NASDAQ:AMBR) posted its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.19, AnalystRatingsNetwork reports. The company had revenue of $15.00 million for the quarter, compared to the consensus estimate of $13.64 million. Amber Road’s revenue was up 29.3% compared to the same quarter last year. Amber Road updated its Q2 guidance to ($0.14)-($0.13) EPS and its FY14 guidance to ($0.35)-($0.32) EPS.
Amber Road (NASDAQ:AMBR) traded up 3.40% during mid-day trading on Tuesday, hitting $12.47. 120,033 shares of the company’s stock traded hands. Amber Road has a 52-week low of $11.90 and a 52-week high of $17.90. The stock has a 50-day moving average of $14.51 and a 200-day moving average of $14.58. The company’s market cap is $310.4 million.
Several analysts have recently commented on the stock. Analysts at Zacks initiated coverage on shares of Amber Road in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. On the ratings front, analysts at Raymond James initiated coverage on shares of Amber Road in a research note on Tuesday, April 15th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Amber Road in a research note on Tuesday, April 15th. They set a “buy” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.20.
Amber Road, Inc (NASDAQ:AMBR) is a provider of cloud-based global trade management (GTM) solutions.
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