Amber Road Inc (AMBR) Issues FY14 Earnings Guidance
Amber Road Inc (NASDAQ:AMBR) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.35)-($0.32) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.50), Analyst RN reports. The company issued revenue guidance of $62.2-63.0 million, compared to the consensus revenue estimate of $61.15 million.Amber Road also updated its Q2 guidance to ($0.14)-($0.13) EPS.
Amber Road Inc (NASDAQ:AMBR) traded up 3.40% on Tuesday, hitting $12.47. The stock had a trading volume of 120,033 shares. Amber Road Inc has a 1-year low of $11.90 and a 1-year high of $17.90. The stock’s 50-day moving average is $14.51 and its 200-day moving average is $14.58. The company’s market cap is $310.4 million.
Amber Road (NASDAQ:AMBR) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.19. The company had revenue of $15.00 million for the quarter, compared to the consensus estimate of $13.64 million. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. Analysts expect that Amber Road Inc will post $-0.48 EPS for the current fiscal year.
A number of analysts have recently weighed in on AMBR shares. 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 a related note, 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 given 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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