Several brokerages have updated their recommendations and price targets on shares of Apigee Corp (NASDAQ: APIC) in the last few weeks:

  • 9/20/2016 – Apigee Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Apigee Corporation offers an application program interface based software platform. The Company’s products consist of Apigee Edge, Apigee Insights, Apigee Developer and Apigee Link. Apigee Edge provides a solution that addresses the entire digital value chain by eliminating the need to integrate disparate point solutions. Apigee Insights delivers predictive analytics. Apigee Developer consists of Apigee Edge Trial and products, such as Apigee 127 and Apigee Zetta. Apigee Link offers internet of things platform for connecting devices to the Internet. Apigee Corporation is headquartered in San Jose, California. “
  • 9/15/2016 – Apigee Corp was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $17.40 price target on the stock, up previously from $17.00.
  • 9/15/2016 – Apigee Corp was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating.
  • 9/14/2016 – Apigee Corp was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $17.40 price target on the stock, up previously from $14.00.
  • 9/9/2016 – Apigee Corp was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating.
  • 9/8/2016 – Apigee Corp was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating. They now have a $18.00 price target on the stock.
  • 7/26/2016 – Apigee Corp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Apigee Corporation offers an application program interface based software platform. The Company’s products consist of Apigee Edge, Apigee Insights, Apigee Developer and Apigee Link. Apigee Edge provides a solution that addresses the entire digital value chain by eliminating the need to integrate disparate point solutions. Apigee Insights delivers predictive analytics. Apigee Developer consists of Apigee Edge Trial and products, such as Apigee 127 and Apigee Zetta. Apigee Link offers internet of things platform for connecting devices to the Internet. Apigee Corporation is headquartered in San Jose, California. “

Shares of Apigee Corp (NASDAQ:APIC) opened at 17.41 on Thursday. The stock’s 50 day moving average is $15.58 and its 200 day moving average is $11.77. The stock’s market capitalization is $525.97 million. Apigee Corp has a 52-week low of $5.35 and a 52-week high of $17.84.

Apigee Corp (NASDAQ:APIC) last posted its quarterly earnings results on Wednesday, September 14th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.06. The business earned $25.10 million during the quarter. Apigee Corp had a negative net margin of 45.11% and a negative return on equity of 65.33%. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.38) earnings per share. Equities research analysts expect that Apigee Corp will post ($0.74) earnings per share for the current fiscal year.

Apigee Corporation (Apigee) is engaged in providing a software platform that allows businesses to design, deploy, and scale application program interfaces (APIs), as a connection layer between their core information technology (IT) systems and data and the applications, with which their customers, partners, employees and other users engage with the business.

5 Day Chart for NASDAQ:APIC

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