Agora (NASDAQ:API) Releases Earnings Results

Agora (NASDAQ:API) posted its quarterly earnings results on Sunday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06, Briefing.com reports. Agora had a return on equity of 0.28% and a net margin of 0.61%. The company had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $29.70 million. The business’s quarterly revenue was up 74.3% compared to the same quarter last year.

Shares of NASDAQ API traded down $11.62 during trading on Tuesday, hitting $67.33. The company had a trading volume of 119,264 shares, compared to its average volume of 2,188,054. The business’s 50-day moving average is $66.56 and its 200 day moving average is $49.05. Agora has a 52 week low of $33.60 and a 52 week high of $114.96.

API has been the topic of several research analyst reports. Zacks Investment Research raised shares of Agora from a “sell” rating to a “hold” rating in a research note on Wednesday, January 20th. Needham & Company LLC decreased their target price on Agora from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 17th. China Renaissance Securities initiated coverage on shares of Agora in a report on Tuesday, January 5th. They issued a “buy” rating for the company. Finally, 86 Research started coverage on Agora in a research note on Monday, November 2nd. They set a “buy” rating and a $47.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $48.40.

About Agora

Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. Its RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. The company's enterprise-grade products include Real-Time Video, Real-Time Voice, Live Interactive Video and Audio Streaming, Real-Time Messaging, Real-Time Recording, Real-Time Streaming Acceleration, and various use case products that serves as building blocks for developers to embed the respective functions in applications.

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Earnings History for Agora (NASDAQ:API)

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