Rally Software Development Corp (RALY) to Release Earnings on Thursday
Rally Software Development Corp (NASDAQ:RALY) will post its Q115 quarterly earnings results on Thursday, June 5th. Analysts expect Rally Software Development Corp to post earnings of ($0.50) per share and revenue of $19.59 million for the quarter. Rally Software Development Corp has set its Q1 guidance at ($0.53)-(0.50) EPS and its FY15 guidance at ($1.61)-(1.56) EPS.
Rally Software Development Corp (NASDAQ:RALY) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.07. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $19.25 million. During the same quarter in the prior year, the company posted ($1.68) earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts expect Rally Software Development Corp to post $-1.57 EPS for the current fiscal year and $-1.36 EPS for the next fiscal year.
Rally Software Development Corp (NASDAQ:RALY) opened at 12.50 on Wednesday. Rally Software Development Corp has a 1-year low of $11.58 and a 1-year high of $33.05. The stock’s 50-day moving average is $13.52 and its 200-day moving average is $18.00. The company’s market cap is $310.6 million.
RALY has been the subject of a number of recent research reports. Analysts at Piper Jaffray upgraded shares of Rally Software Development Corp from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 17th. They now have a $23.00 price target on the stock. On a related note, analysts at JMP Securities cut their price target on shares of Rally Software Development Corp from $32.00 to $28.00 in a research note on Monday, April 7th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rally Software Development Corp in a research note on Friday, March 21st. They now have a $30.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $30.67.
Rally Software Development Corp. is a global provider of cloud-based solutions for managing Agile software development.
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.