Servicesource International (SREV) Releases FY18 Earnings Guidance
Servicesource International (NASDAQ:SREV) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of (0.11)-(0.09) for the period, compared to the Thomson Reuters consensus 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.
Several research firms have recently issued reports on SREV. BidaskClub downgraded Servicesource International from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Servicesource International from a hold rating to a buy rating and set a $4.00 price target for the company in a research note on Wednesday, October 25th. Finally, ValuEngine downgraded Servicesource International from a hold rating to a sell rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $4.63.
Shares of Servicesource International (SREV) opened at $3.30 on Tuesday. The stock has a market capitalization of $286.69, a PE ratio of -7.50 and a beta of 1.26. Servicesource International has a 52 week low of $2.61 and a 52 week high of $6.05.
In other Servicesource International news, CEO Christopher Carrington acquired 33,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average price of $2.95 per share, with a total value of $100,005.00. Following the transaction, the chief executive officer now owns 853,202 shares of the company’s stock, valued at $2,516,945.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is currently owned by insiders.
Servicesource International Company Profile
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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