eGain Corp Shares Down 4.7% Following Weak Earnings (EGAN)
eGain Corp (NASDAQ:EGAN) fell 4.7% during mid-day trading on Wednesday following a dissappointing earnings announcement, Analyst Ratings.Net reports. The stock traded as low as $5.99 and last traded at $6.26, with a volume of 61,742 shares. The stock had previously closed at $6.57.
The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.07. The company had revenue of $18.90 million for the quarter. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
Separately, analysts at Benchmark Co. initiated coverage on shares of eGain Corp in a research note on Thursday, June 26th. They set a “buy” rating and a $8.00 price target on the stock. Five analysts have rated the stock with a buy rating, eGain Corp has an average rating of “Buy” and an average target price of $11.13.
The stock’s 50-day moving average is $6.50 and its 200-day moving average is $6.98. The company’s market cap is $159.5 million.
eGain Corporation (NASDAQ:EGAN), formerly eGain Communications Corporation, provides multichannel customer service and knowledge management software for in-house or cloud deployment.
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