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Evolving Systems (NASDAQ:EVOL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday. They currently have a $10.40 target price on the stock. Zacks‘s target price points to a potential upside of 4.21% from the company’s current price.

Evolving Systems (NASDAQ:EVOL) traded up 0.30% on Friday, hitting $10.02. The stock had a trading volume of 93,772 shares. Evolving Systems has a one year low of $7.05 and a one year high of $11.34. The stock has a 50-day moving average of $8.83 and a 200-day moving average of $8.95. The company has a market cap of $116.5 million and a price-to-earnings ratio of 37.00.

Evolving Systems (NASDAQ:EVOL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.03. Analysts expect that Evolving Systems will post $0.46 EPS for the current fiscal year.

Separately, analysts at TheStreet upgraded shares of Evolving Systems to a “buy” rating in a research note on Tuesday.

Evolving Systems, Inc is a provider of software solutions and services to the wireless, wireline and cable markets.

To view Zacks’ full report, visit Zacks’ official website.

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