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Comverse (NASDAQ:CNSI) Director Matthew A. Drapkin purchased 97,945 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $23.63 per share, for a total transaction of $2,314,440.35. The transaction was disclosed in a filing with the SEC, which is available at this link.

Comverse (NASDAQ:CNSI) traded down 0.42% on Thursday, hitting $23.60. 228,633 shares of the company’s stock traded hands. Comverse has a 52-week low of $22.00 and a 52-week high of $40.30. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $32.58. The company has a market cap of $525.3 million and a P/E ratio of 28.55.

Comverse (NASDAQ:CNSI) last issued its quarterly earnings data on Monday, June 9th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters 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.

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.

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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