Servicesource International (SREV) Updates FY18 Earnings Guidance

Servicesource International (NASDAQ:SREV) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of (0.11)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05. The company issued revenue guidance of $243-246 million, compared to the consensus revenue estimate of $243.09 million.Servicesource International also updated its Q1 guidance to (0.03)-(0.01) EPS.

Servicesource International (NASDAQ SREV) traded up $0.12 on Monday, hitting $3.30. The stock had a trading volume of 276,708 shares, compared to its average volume of 398,386. The company has a market capitalization of $286.69, a PE ratio of -7.23 and a beta of 1.26. Servicesource International has a 52 week low of $2.61 and a 52 week high of $6.05.

SREV has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Servicesource International from a hold rating to a sell rating in a research note on Thursday, February 1st. BidaskClub upgraded shares of Servicesource International from a sell rating to a hold rating in a research note on Wednesday, December 27th. Finally, ValuEngine lowered shares of Servicesource International from a hold rating to a sell rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Servicesource International currently has an average rating of Hold and an average target price of $4.63.

In related news, CEO Christopher Carrington acquired 33,900 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $2.95 per share, for a total transaction of $100,005.00. Following the completion of the purchase, the chief executive officer now directly owns 853,202 shares of the company’s stock, valued at $2,516,945.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.90% of the stock is owned by company insiders.

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About Servicesource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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