Absolute Software (ALSWF) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Absolute Software (NASDAQ:ALSWF) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $6.50 price target on the industrial products company’s stock.
According to Zacks, “Absolute Software Corporation engages in the business of providing firmware-persistent endpoint security and management solutions. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software Corporation is headquartered in Vancouver, Canada. “
A number of other research analysts also recently issued reports on the stock. ValuEngine raised shares of Absolute Software from a sell rating to a hold rating in a research report on Friday, June 2nd. Canaccord Genuity downgraded shares of Absolute Software from a buy rating to a hold rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $6.63.
Absolute Software (NASDAQ ALSWF) opened at 5.7013 on Wednesday. Absolute Software has a 52-week low of $4.35 and a 52-week high of $6.50. The stock’s 50 day moving average is $6.27 and its 200-day moving average is $5.83. The company’s market cap is $225.64 million.
Absolute Software (NASDAQ:ALSWF) last issued its quarterly earnings data on Thursday, August 17th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $23.18 million for the quarter, compared to analysts’ expectations of $23.91 million.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/absolute-software-alswf-upgraded-to-buy-at-zacks-investment-research/1533429.html.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 4th were given a $0.062 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Wednesday, August 2nd.
Receive News & Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related companies with Analyst Ratings Network's FREE daily email newsletter.