Apptio (APTI) Earning Somewhat Negative Press Coverage, Report Shows
News coverage about Apptio (NASDAQ:APTI) has been trending somewhat negative on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apptio earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.6298254928065 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
APTI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Apptio from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. initiated coverage on shares of Apptio in a research note on Thursday, July 27th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target (up previously from $19.00) on shares of Apptio in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Apptio has a consensus rating of “Buy” and an average price target of $23.00.
Shares of Apptio (NASDAQ APTI) traded up 1.77% during midday trading on Friday, hitting $18.99. 53,080 shares of the stock traded hands. Apptio has a 1-year low of $12.80 and a 1-year high of $21.19. The company’s market capitalization is $758.75 million. The stock has a 50 day moving average of $17.87 and a 200 day moving average of $17.87.
Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. The firm had revenue of $45.23 million for the quarter, compared to analysts’ expectations of $43.72 million. The business’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Apptio will post ($0.37) earnings per share for the current fiscal year.
Apptio Company Profile
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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