Kaleyra (NYSEAMERICAN:KLR) Issues Q2 2021 Earnings Guidance

Kaleyra (NYSEAMERICAN:KLR) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $40 million-41 million, compared to the consensus revenue estimate of $42.85 million.

Separately, Zacks Investment Research cut shares of Kaleyra from a hold rating to a sell rating in a research note on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Kaleyra presently has an average rating of Buy and an average target price of $16.00.

Shares of NYSEAMERICAN KLR traded up $0.01 during midday trading on Friday, hitting $12.60. The company had a trading volume of 4,595 shares, compared to its average volume of 456,247. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.23 and a quick ratio of 1.23. Kaleyra has a twelve month low of $3.80 and a twelve month high of $20.75. The firm has a 50-day simple moving average of $8.25. The firm has a market cap of $394.47 million, a price-to-earnings ratio of -11.77 and a beta of 0.49.

Kaleyra (NYSEAMERICAN:KLR) last announced its earnings results on Monday, May 10th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Research analysts forecast that Kaleyra will post -0.91 earnings per share for the current fiscal year.

In other Kaleyra news, CEO Dario Calogero sold 10,000 shares of Kaleyra stock in a transaction dated Wednesday, June 9th. The shares were sold at an average price of $12.25, for a total transaction of $122,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neil Miotto sold 6,790 shares of Kaleyra stock in a transaction dated Thursday, June 3rd. The stock was sold at an average price of $11.40, for a total transaction of $77,406.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,838 shares of company stock valued at $384,298. 50.98% of the stock is currently owned by company insiders.

Kaleyra Company Profile

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Its proprietary platform manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

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