Zacks Investment Research Lowers Guidance Software Inc. (GUID) to Hold
Guidance Software Inc. (NASDAQ:GUID) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey. “
Other equities research analysts also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of Guidance Software in a research report on Wednesday, August 3rd. Imperial Capital upped their target price on Guidance Software from $5.50 to $5.75 and gave the stock an “in-line” rating in a research report on Thursday, August 4th. Finally, Bank of America Corp. downgraded Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Friday, September 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Guidance Software has an average rating of “Hold” and an average target price of $17.45.
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Shares of Guidance Software (NASDAQ:GUID) traded down 1.19% on Wednesday, hitting $5.83. The company’s stock had a trading volume of 10,721 shares. Guidance Software has a 1-year low of $3.27 and a 1-year high of $6.86. The company has a 50 day moving average of $5.90 and a 200 day moving average of $5.57. The firm’s market cap is $168.56 million.
Guidance Software (NASDAQ:GUID) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Guidance Software had a negative return on equity of 192.05% and a negative net margin of 21.87%. The company earned $27.60 million during the quarter, compared to the consensus estimate of $27.87 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The company’s revenue was up .4% compared to the same quarter last year. Equities analysts forecast that Guidance Software will post ($0.24) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Guidance Software by 9.4% in the second quarter. Vanguard Group Inc. now owns 914,006 shares of the company’s stock valued at $5,658,000 after buying an additional 78,244 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Guidance Software by 21.0% in the second quarter. BlackRock Fund Advisors now owns 587,371 shares of the company’s stock valued at $3,636,000 after buying an additional 102,136 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Guidance Software by 11.7% in the first quarter. Renaissance Technologies LLC now owns 305,900 shares of the company’s stock valued at $1,315,000 after buying an additional 32,100 shares during the last quarter. State Street Corp boosted its stake in shares of Guidance Software by 9.6% in the first quarter. State Street Corp now owns 299,501 shares of the company’s stock valued at $1,287,000 after buying an additional 26,332 shares during the last quarter. Finally, Emancipation Management LLC purchased a new stake in shares of Guidance Software during the second quarter valued at about $1,787,000. Institutional investors and hedge funds own 49.16% of the company’s stock.
About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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