Comverse CFO Thomas B. Sabol Purchases 3,000 Shares (CNSI)
Comverse (NASDAQ:CNSI) CFO Thomas B. Sabol bought 3,000 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $70,980.00. Following the purchase, the chief financial officer now directly owns 26,748 shares of the company’s stock, valued at approximately $632,858. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Oppenheimer cut their price target on shares of Comverse from $44.00 to $36.00 in a research note on Wednesday, April 16th. They now have an “outperform” rating on the stock.
Shares of Comverse (NASDAQ:CNSI) traded down 0.42% during mid-day trading on Thursday, hitting $23.60. The stock had a trading volume of 228,633 shares. Comverse has a 52-week low of $22.00 and a 52-week high of $40.30. The stock’s 50-day moving average is $24.32 and its 200-day moving average is $32.58. The company has a market cap of $525.3 million and a price-to-earnings ratio of 28.55.
Comverse (NASDAQ:CNSI) last posted its quarterly earnings results on Monday, June 9th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.66. The company had revenue of $19.13 million for the quarter, compared to the consensus estimate of $113.33 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Analysts expect that Comverse will post $-0.54 EPS for the current fiscal year.
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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