MicroStrategy Incorporated (NASDAQ:MSTR) released its quarterly earnings results on Thursday. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.56, RTT News reports. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The company had revenue of $125.20 million for the quarter, compared to analysts’ expectations of $125.78 million. During the same period in the prior year, the firm earned $2.90 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year.
MicroStrategy (MSTR) traded down 0.07% during trading on Friday, reaching $140.86. The company had a trading volume of 154,536 shares. The company has a market capitalization of $1.61 billion, a PE ratio of 19.46 and a beta of 0.84. MicroStrategy has a 52-week low of $122.91 and a 52-week high of $207.28. The stock has a 50 day moving average price of $130.48 and a 200-day moving average price of $160.74.
A number of analysts have recently weighed in on MSTR shares. BidaskClub raised MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG cut their price objective on MicroStrategy to $150.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “hold” rating and set a $133.00 price objective (down previously from $191.00) on shares of MicroStrategy in a research report on Thursday, September 21st. Finally, TheStreet lowered MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $155.75.
WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/27/microstrategy-incorporated-mstr-issues-earnings-results.html.
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
Receive News & Ratings for MicroStrategy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.