Equities research analysts expect Attunity Ltd (NASDAQ:ATTU) to report $18.93 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Attunity’s earnings. The lowest sales estimate is $18.80 million and the highest is $19.05 million. Attunity reported sales of $16.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The firm is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Attunity will report full-year sales of $79.38 million for the current fiscal year, with estimates ranging from $79.00 million to $79.76 million. For the next fiscal year, analysts anticipate that the company will post sales of $93.85 million per share, with estimates ranging from $92.40 million to $95.29 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Attunity.
Attunity (NASDAQ:ATTU) last posted its earnings results on Wednesday, July 25th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.14. Attunity had a negative return on equity of 0.10% and a negative net margin of 2.18%. The firm had revenue of $19.82 million for the quarter, compared to analysts’ expectations of $17.56 million.
Several research firms have recently issued reports on ATTU. Zacks Investment Research cut Attunity from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Needham & Company LLC boosted their target price on Attunity from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Roth Capital boosted their target price on Attunity from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. ValuEngine raised Attunity from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 1st. Finally, BidaskClub cut Attunity from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Attunity presently has a consensus rating of “Buy” and a consensus price target of $22.00.
Hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new stake in Attunity in the second quarter worth $143,000. Citadel Advisors LLC purchased a new stake in Attunity in the second quarter worth $151,000. FNY Investment Advisers LLC purchased a new stake in Attunity in the second quarter worth $162,000. Whetstone Capital Advisors LLC bought a new stake in Attunity in the first quarter worth $242,000. Finally, United Services Automobile Association bought a new stake in Attunity in the second quarter worth $531,000. 38.37% of the stock is currently owned by institutional investors.
Shares of ATTU traded down $0.32 during mid-day trading on Friday, hitting $18.82. 255,000 shares of the company’s stock traded hands, compared to its average volume of 181,337. Attunity has a 1 year low of $6.27 and a 1 year high of $22.11. The stock has a market capitalization of $393.91 million, a PE ratio of -60.74 and a beta of 1.86.
Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.
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