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E2open Inc (NASDAQ:EOPN) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.20)-(0.18) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12), American Banking & Market News reports. The company issued revenue guidance of $20.2-21.0, compared to the consensus revenue estimate of $21.42 million.E2open also updated its FY15 guidance to $(0.54)-(0.51) EPS.

On a related note, analysts at Canaccord Genuity cut their price target on shares of E2open from $28.00 to $22.00 in a research note on Friday, April 25th. They now have a buy rating on the stock. Eight research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average price target of $26.86.

Shares of E2open Inc (NASDAQ:EOPN) traded up 0.98% on Thursday, hitting $19.65. 185,489 shares of the company’s stock traded hands. E2open Inc has a one year low of $15.42 and a one year high of $29.82. The stock’s 50-day moving average is $18.81 and its 200-day moving average is $21.73. The company’s market cap is $566.4 million.

E2open (NASDAQ:EOPN) last announced its earnings results on Thursday, July 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $19.48 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that E2open Inc will post $-0.46 earnings per share for the current fiscal year.

E2open, Inc is a provider of cloud-based, on-demand software solutions. The Company’s software applications allow network participants to input, access and share data and execute business processes across internal operating units and external entities.

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