Dougherty & Co Comments on eGain Corp’s FY2018 Earnings (EGAN)

eGain Corp (NASDAQ:EGAN) – Investment analysts at Dougherty & Co issued their FY2018 earnings per share estimates for eGain in a research report issued on Monday. Dougherty & Co analyst R. Mattson expects that the technology company will post earnings per share of ($0.17) for the year. Dougherty & Co currently has a “Buy” rating on the stock.

eGain (NASDAQ:EGAN) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $14.58 million for the quarter, compared to analysts’ expectations of $14.38 million. eGain’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share.

Several other brokerages have also commented on EGAN. ValuEngine lowered shares of eGain from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Wednesday, November 22nd. Finally, Craig Hallum upgraded shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.50.

Shares of eGain (EGAN) traded up $0.05 during midday trading on Wednesday, hitting $4.95. 390,945 shares of the company’s stock traded hands, compared to its average volume of 84,933. eGain has a 52 week low of $1.30 and a 52 week high of $5.00. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61.

An institutional investor recently raised its position in eGain stock. Oaktop Capital Management II L.P. boosted its position in eGain Corp (NASDAQ:EGAN) by 24.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,536,843 shares of the technology company’s stock after purchasing an additional 500,000 shares during the quarter. eGain comprises about 1.1% of Oaktop Capital Management II L.P.’s holdings, making the stock its 12th largest position. Oaktop Capital Management II L.P. owned 9.32% of eGain worth $6,849,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 51.31% of the company’s stock.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

Earnings History and Estimates for eGain (NASDAQ:EGAN)

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