MicroStrategy Incorporated (MSTR) Issues Earnings Results

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.

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About MicroStrategy

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.

Earnings History for MicroStrategy (NASDAQ:MSTR)

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