$42.41 Million in Sales Expected for Kaleyra, Inc. (NYSEAMERICAN:KLR) This Quarter


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Equities research analysts predict that Kaleyra, Inc. (NYSEAMERICAN:KLR) will announce sales of $42.41 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Kaleyra’s earnings, with estimates ranging from $41.69 million to $43.12 million. Kaleyra reported sales of $35.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Kaleyra will report full-year sales of $145.51 million for the current fiscal year, with estimates ranging from $144.79 million to $146.22 million. For the next financial year, analysts expect that the company will post sales of $190.72 million, with estimates ranging from $182.59 million to $198.85 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Kaleyra.

Kaleyra (NYSEAMERICAN:KLR) last released its quarterly earnings data on Monday, November 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The company had revenue of $38.27 million during the quarter, compared to the consensus estimate of $36.92 million.

KLR has been the subject of a number of recent research reports. BidaskClub downgraded Kaleyra from a “buy” rating to a “hold” rating in a research note on Tuesday, December 8th. Zacks Investment Research upgraded Kaleyra from a “sell” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Kaleyra currently has a consensus rating of “Buy” and an average target price of $11.83.

Shares of Kaleyra stock traded up $0.19 during trading hours on Wednesday, reaching $10.45. 224,288 shares of the stock traded hands, compared to its average volume of 230,962. The company has a 50 day moving average price of $8.84 and a 200 day moving average price of $6.87. Kaleyra has a one year low of $3.80 and a one year high of $11.00.

Several hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of Kaleyra in the third quarter valued at about $225,000. National Asset Management Inc. acquired a new position in shares of Kaleyra in the third quarter valued at about $306,000. Alyeska Investment Group L.P. acquired a new position in shares of Kaleyra in the second quarter valued at about $1,412,000. Royce & Associates LP increased its holdings in shares of Kaleyra by 19.8% in the third quarter. Royce & Associates LP now owns 936,224 shares of the company’s stock valued at $7,097,000 after purchasing an additional 155,000 shares during the period. Finally, Boothbay Fund Management LLC increased its holdings in shares of Kaleyra by 6.2% in the third quarter. Boothbay Fund Management LLC now owns 92,672 shares of the company’s stock valued at $702,000 after purchasing an additional 5,385 shares during the period.

Kaleyra Company Profile

Kaleyra, Inc provides a cloud communications platform for enterprises worldwide. Its platform integrates software services and applications that enable mobile first interactive end-user customer communications. The company was founded in 1999 and is headquartered in Milan, Italy.

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