$37.47 Million in Sales Expected for Talend S.A. (TLND) This Quarter
Brokerages expect Talend S.A. (NASDAQ:TLND) to post $37.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Talend’s earnings, with the lowest sales estimate coming in at $37.44 million and the highest estimate coming in at $37.50 million. Talend reported sales of $27.39 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 9th.
According to Zacks, analysts expect that Talend will report full year sales of $37.47 million for the current year, with estimates ranging from $145.44 million to $147.37 million. For the next year, analysts anticipate 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 firms that that provide coverage for Talend.
Talend (NASDAQ:TLND) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $35.80 million for the quarter, compared to analyst estimates of $35.33 million. During the same period last year, the company earned ($1.84) EPS. The company’s revenue was up 40.9% compared to the same quarter last year.
Several brokerages have recently issued reports on TLND. Zacks Investment Research cut Talend from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine raised Talend from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC lifted their target price on Talend from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. KeyCorp reaffirmed a “buy” rating and issued a $44.00 target price on shares of Talend in a report on Friday, September 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price (up from $35.00) on shares of Talend in a report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Talend presently has a consensus rating of “Buy” and a consensus target price of $42.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hunt Lane Capital LP purchased a new position in shares of Talend during the second quarter valued at approximately $31,302,000. Summit Partners Public Asset Management LLC boosted its position in shares of Talend by 260.8% during the second quarter. Summit Partners Public Asset Management LLC now owns 530,903 shares of the technology company’s stock valued at $18,465,000 after buying an additional 383,760 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of Talend by 11.4% during the second quarter. TimesSquare Capital Management LLC now owns 1,348,600 shares of the technology company’s stock valued at $46,904,000 after buying an additional 137,600 shares during the period. Ardsley Advisory Partners purchased a new position in shares of Talend during the second quarter valued at approximately $2,609,000. Finally, potrero capital research llc purchased a new position in shares of Talend during the second quarter valued at approximately $2,303,000. Institutional investors own 42.80% of the company’s stock.
Talend Company Profile
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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