$45.65 Million in Sales Expected for Talend (TLND) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/09/45-65-million-in-sales-expected-for-talend-tlnd-this-quarter.html.

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.

Get a free copy of the Zacks research report on Talend (TLND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Talend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talend and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply