eGain Corporation (EGAN) Upgraded to “Hold” by Zacks Investment Research
eGain Corporation (NASDAQ:EGAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “
Shares of eGain Corporation (NASDAQ EGAN) traded up 9.09% during midday trading on Monday, hitting $1.80. 2,961 shares of the stock traded hands. The company’s 50-day moving average is $1.57 and its 200 day moving average is $1.80. eGain Corporation has a 52 week low of $1.30 and a 52 week high of $3.51. The firm’s market capitalization is $48.79 million.
eGain Corporation (NASDAQ:EGAN) last released its quarterly earnings data on Wednesday, May 10th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.04. The firm had revenue of $13.90 million for the quarter, compared to analysts’ expectations of $14.04 million. During the same period last year, the firm earned ($0.11) earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that eGain Corporation will post ($0.32) earnings per share for the current year.
A hedge fund recently raised its stake in eGain Corporation stock. Renaissance Technologies LLC raised its stake in shares of eGain Corporation (NASDAQ:EGAN) by 37.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,400 shares of the technology company’s stock after buying an additional 26,400 shares during the period. Renaissance Technologies LLC owned 0.36% of eGain Corporation worth $205,000 at the end of the most recent reporting period. Institutional investors own 48.89% of the company’s stock.
eGain Corporation Company Profile
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for eGain Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain Corporation and related companies with MarketBeat.com's FREE daily email newsletter.