MicroStrategy (MSTR) Releases Quarterly Earnings Results
MicroStrategy (NASDAQ:MSTR) announced its earnings results on Monday. The company reported ($0.91) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.79, Analyst Ratings News reports. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $145.20 million.
MSTR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of MicroStrategy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $143.40 price target on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of MicroStrategy from $150.00 to $175.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Finally, analysts at First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $140.68.
Shares of MicroStrategy (NASDAQ:MSTR) traded down 0.81% during mid-day trading on Monday, hitting $137.53. 85,649 shares of the company’s stock traded hands. MicroStrategy has a 52 week low of $90.16 and a 52 week high of $146.13. The stock’s 50-day moving average is $141.1 and its 200-day moving average is $128.1. The company has a market cap of $1.554 billion and a P/E ratio of 62.04.
MicroStrategy Incorporated (NASDAQ:MSTR) is a worldwide provider of enterprise software platforms for business intelligence, mobile intelligence and social intelligence applications (apps).
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