MicroStrategy Incorporated (MSTR) Issues Earnings Results, Beats Estimates By $0.56 EPS
MicroStrategy Incorporated (NASDAQ:MSTR) issued its quarterly earnings results on Thursday. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.56, RTT News reports. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company had revenue of $125.20 million during the quarter, compared to the consensus estimate of $125.78 million. During the same quarter in the previous year, the firm earned $2.90 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
Shares of MicroStrategy (NASDAQ MSTR) opened at 140.96 on Friday. The stock’s 50 day moving average is $130.48 and its 200 day moving average is $160.74. The stock has a market cap of $1.61 billion, a P/E ratio of 19.47 and a beta of 0.84. MicroStrategy has a 12 month low of $122.91 and a 12 month high of $207.28.
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A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Deutsche Bank AG downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. Mizuho decreased their price target on shares of MicroStrategy from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday. First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $225.00 to $140.00 in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. MicroStrategy currently has an average rating of “Hold” and a consensus target price of $155.75.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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