$37.47 Million in Sales Expected for Talend S.A. (TLND) This Quarter
Wall Street analysts expect Talend S.A. (NASDAQ:TLND) to post sales of $37.47 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Talend’s earnings, with estimates ranging from $37.44 million to $37.50 million. Talend reported sales of $27.39 million in the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The business is scheduled to issue its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Talend will report full year sales of $37.47 million for the current financial year, with estimates ranging from $145.44 million to $147.37 million. For the next fiscal year, analysts expect that the business will post sales of $189.90 million per share, with estimates ranging from $187.26 million to $194.55 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Talend.
Talend (NASDAQ:TLND) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.05. Talend had a negative return on equity of 159.94% and a negative net margin of 20.62%. The company had revenue of $35.80 million during the quarter, compared to analyst estimates of $35.33 million. During the same period last year, the company posted ($1.84) earnings per share. The company’s revenue was up 40.9% compared to the same quarter last year.
TLND has been the topic of several recent research reports. Barclays PLC reiterated an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Talend in a research note on Sunday, May 14th. Citigroup Inc. reiterated a “buy” rating and issued a $40.00 price target (up from $39.00) on shares of Talend in a research note on Monday, May 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $37.00 price target (up from $30.00) on shares of Talend in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Talend from a “hold” rating to a “sell” rating in a research note on Wednesday, May 17th. Finally, BTIG Research reiterated a “buy” rating and issued a $45.00 price target (up from $35.00) on shares of Talend in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Talend has an average rating of “Buy” and a consensus price target of $36.43.
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Talend (NASDAQ:TLND) opened at 38.86 on Friday. The stock has a 50 day moving average of $37.79 and a 200-day moving average of $32.13. Talend has a 1-year low of $21.02 and a 1-year high of $39.98. The firm’s market capitalization is $1.09 billion.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLND. Wells Fargo & Company MN raised its position in Talend by 37.9% in the first quarter. Wells Fargo & Company MN now owns 556,760 shares of the technology company’s stock valued at $16,580,000 after buying an additional 153,160 shares in the last quarter. Tygh Capital Management Inc. raised its position in Talend by 62.2% in the first quarter. Tygh Capital Management Inc. now owns 207,619 shares of the technology company’s stock valued at $6,183,000 after buying an additional 79,655 shares in the last quarter. Ameriprise Financial Inc. raised its position in Talend by 41.9% in the first quarter. Ameriprise Financial Inc. now owns 87,071 shares of the technology company’s stock valued at $2,592,000 after buying an additional 25,718 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Talend during the first quarter valued at $101,000. Finally, Stifel Financial Corp purchased a new position in Talend during the first quarter valued at $1,329,000. Institutional investors own 36.22% of the company’s stock.
Talend SA is a provider of open source integration solutions for data-oriented companies and integration platform under Apache Spark. The Company’s platform enables users to connect data and applications on-premise or in the cloud, in real time or in batch, Big Data or reference data. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager.
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