E2open Sees Unusually-High Trading Volume Following Better-Than-Expected Earnings (EOPN)
E2open (NASDAQ:EOPN) shares saw an uptick in trading volume on Friday following a better than expected earnings announcement, Analyst Ratings.Net reports. 463,740 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 209,410 shares.The stock last traded at $18.65 and had previously closed at $19.65.
The company reported ($0.14) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.15) earnings per share. E2open’s revenue was up 21.7% compared to the same quarter last year.
Separately, 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 stock has an average rating of “Buy” and an average price target of $26.86.
The stock has a 50-day moving average of $18.93 and a 200-day moving average of $21.71. The company’s market cap is $538.2 million.
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.
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.