Share on StockTwits

Rally Software Development Corp (NASDAQ:RALY) is set to issue its Q215 quarterly earnings data on Thursday, August 28th. Analysts expect the company to post earnings of ($0.40) per share and revenue of $20.57 million for the quarter. Rally Software Development Corp has set its Q2 guidance at ($0.42)-(0.39) EPS and its FY15 guidance at ($1.36)-(1.31) EPS.

Rally Software Development Corp (NASDAQ:RALY) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.50) by $0.23. The company had revenue of $19.40 million for the quarter, compared to the consensus estimate of $19.59 million. During the same quarter in the prior year, the company posted ($0.86) earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts expect Rally Software Development Corp to post $-1.33 EPS for the current fiscal year and $-1.23 EPS for the next fiscal year.

Shares of Rally Software Development Corp (NASDAQ:RALY) opened at 9.98 on Wednesday. Rally Software Development Corp has a 1-year low of $8.40 and a 1-year high of $33.05. The stock’s 50-day moving average is $9.97 and its 200-day moving average is $13.4. The company’s market cap is $248.1 million.

A number of research firms have recently commented on RALY. Analysts at Zacks downgraded shares of Rally Software Development Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $11.50 price target on the stock. On the ratings front, analysts at JMP Securities cut their price target on shares of Rally Software Development Corp from $28.00 to $25.00 in a research note on Friday, June 6th. Finally, analysts at Deutsche Bank downgraded shares of Rally Software Development Corp from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. They now have a $15.00 price target on the stock, down previously from $30.00. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $22.58.

Rally Software Development Corp. is a global provider of cloud-based solutions for managing Agile software development.

Receive News & Ratings for Rally Software Development Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rally Software Development Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.