ServiceSource International, Inc. (SREV) Issues Earnings Results
ServiceSource International, Inc. (NASDAQ:SREV) announced its quarterly earnings data on Monday. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Briefing.com reports. ServiceSource International had a negative net margin of 13.85% and a negative return on equity of 5.65%. The business had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.26 million. During the same period last year, the firm posted $0.01 EPS. The company’s revenue was down 5.9% on a year-over-year basis.
ServiceSource International (SREV) traded up 0.27% on Monday, hitting $3.76. 237,401 shares of the company were exchanged. ServiceSource International has a 52-week low of $2.82 and a 52-week high of $6.25. The stock’s 50-day moving average price is $3.79 and its 200-day moving average price is $4.01. The stock’s market capitalization is $333.17 million.
A number of equities research analysts have issued reports on SREV shares. Zacks Investment Research raised shares of ServiceSource International from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Saturday, May 13th. BidaskClub lowered shares of ServiceSource International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Northland Securities set a $5.00 price objective on shares of ServiceSource International and gave the company a “hold” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. ServiceSource International has a consensus rating of “Hold” and a consensus price target of $5.58.
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About ServiceSource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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