Equities research analysts predict that Talend (NASDAQ:TLND) will announce sales of $45.65 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Talend’s earnings. The lowest sales estimate is $45.50 million and the highest is $45.85 million. Talend reported sales of $32.87 million during the same quarter last year, which indicates a positive year over year growth rate of 38.9%. The business is scheduled to issue its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Talend will report full year sales of $45.65 million for the current financial year, with estimates ranging from $200.30 million to $202.76 million. For the next fiscal year, analysts anticipate that the business will report sales of $256.43 million per share, with estimates ranging from $249.20 million to $266.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Talend.
Talend (NASDAQ:TLND) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.02. The company had revenue of $41.52 million during the quarter, compared to analyst estimates of $41.40 million. Talend had a negative return on equity of 454.15% and a negative net margin of 21.00%.
A number of equities analysts recently issued reports on the company. BidaskClub lowered Talend from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 4th. Needham & Company LLC assumed coverage on Talend in a research note on Friday, March 23rd. They issued a “buy” rating and a $59.00 target price for the company. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. KeyCorp reaffirmed a “buy” rating on shares of Talend in a research report on Tuesday, February 13th. Finally, JPMorgan Chase increased their price target on Talend from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Talend presently has a consensus rating of “Buy” and an average price target of $49.75.
Shares of TLND stock opened at $46.70 on Monday. The firm has a market capitalization of $1,360.98, a P/E ratio of -46.70 and a beta of 0.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of -0.01. Talend has a 1 year low of $28.77 and a 1 year high of $52.10.
A number of institutional investors and hedge funds have recently made changes to their positions in TLND. Bank of New York Mellon Corp grew its position in Talend by 14,183.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,993,976 shares of the technology company’s stock worth $74,735,000 after purchasing an additional 1,980,016 shares during the period. Crosslink Capital Inc. acquired a new stake in Talend during the 4th quarter worth about $19,730,000. Harvest Capital Strategies LLC acquired a new stake in Talend during the 4th quarter worth about $4,685,000. AO Asset Management LP acquired a new stake in Talend during the 4th quarter worth about $4,543,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Talend during the 4th quarter worth about $3,846,000. 59.57% of the stock is currently owned by institutional investors.
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Talend Company Profile
Talend SA provides platform to address IT integration needs in various industries. It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.
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