Attunity Ltd. (ATTU) Expected to Post Quarterly Sales of $15.27 Million
Analysts expect that Attunity Ltd. (NASDAQ:ATTU) will report sales of $15.27 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Attunity’s earnings. The lowest sales estimate is $15.21 million and the highest is $15.33 million. Attunity posted sales of $12.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Attunity will report full year sales of $15.27 million for the current financial year, with estimates ranging from $60.69 million to $62.07 million. For the next year, analysts forecast that the company will post sales of $73.35 million per share, with estimates ranging from $71.22 million to $75.48 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Attunity.
Attunity (NASDAQ:ATTU) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.14. Attunity had a negative return on equity of 19.70% and a negative net margin of 15.95%. The business had revenue of $13.51 million for the quarter, compared to analyst estimates of $15.04 million.
Separately, Zacks Investment Research cut shares of Attunity from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th.
Institutional investors have recently bought and sold shares of the company. Virtu KCG Holdings LLC purchased a new position in shares of Attunity during the 2nd quarter valued at $163,000. Wasatch Advisors Inc. acquired a new stake in shares of Attunity in the 2nd quarter valued at $497,000. Worth Venture Partners LLC lifted its stake in shares of Attunity by 6.7% in the 2nd quarter. Worth Venture Partners LLC now owns 152,604 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 9,560 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Attunity by 43.8% in the 1st quarter. Renaissance Technologies LLC now owns 169,700 shares of the technology company’s stock valued at $1,344,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Attunity by 1.5% in the 2nd quarter. Royce & Associates LP now owns 359,465 shares of the technology company’s stock valued at $2,585,000 after purchasing an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 18.31% of the company’s stock.
Shares of Attunity (NASDAQ:ATTU) opened at 6.62 on Monday. The stock’s 50 day moving average price is $6.73 and its 200 day moving average price is $7.36. The firm’s market cap is $112.95 million. Attunity has a 12-month low of $4.15 and a 12-month high of $9.54.
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Attunity Ltd (Attunity) is a provider of Big Data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations and the cloud. The Company’s software solutions include data replication and distribution (Attunity Replicate, change data capture (CDC) and Attunity Gold Client Solutions), test data management (Attunity Gold Client Solutions), data connectivity (Attunity Connect), enterprise file replication (AttunityRepliWeb), managed-file-transfer (Attunity MFT), data warehouse automation (Attunity Compose), data usage analytics (Attunity Visibility) and cloud data delivery (AttunityCloudBeam).
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