Instructure (NYSE:INST) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of ($1.03)-($0.97) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.86). The company issued revenue guidance of $203.5-$209.5 million, compared to the consensus revenue estimate of $200.70 million.Instructure also updated its Q1 guidance to ($0.24)-($0.22) EPS.
Shares of Instructure (NYSE INST) traded up $0.60 during midday trading on Monday, reaching $37.35. The company’s stock had a trading volume of 470,994 shares, compared to its average volume of 186,703. The stock has a market cap of $1,120.00 and a P/E ratio of -21.22. Instructure has a 12 month low of $22.00 and a 12 month high of $38.05.
INST has been the subject of a number of recent analyst reports. BidaskClub downgraded Instructure from a strong-buy rating to a buy rating in a report on Tuesday, October 17th. William Blair initiated coverage on Instructure in a report on Thursday, October 26th. They issued a market perform rating for the company. Jefferies Group boosted their target price on Instructure to $43.00 and gave the company a buy rating in a report on Tuesday, October 31st. Oppenheimer reissued a buy rating and issued a $41.00 target price (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Instructure from a hold rating to a buy rating and set a $37.00 target price for the company in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $38.00.
Instructure Company Profile
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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