eGain (EGAN) Releases Earnings Results, Beats Expectations By $0.03 EPS

eGain (NASDAQ:EGAN) announced its quarterly earnings results on Thursday. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Bloomberg Earnings reports. The firm had revenue of $15.40 million during the quarter, compared to analysts’ expectations of $14.74 million. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS.

Shares of eGain (EGAN) opened at $5.60 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -0.91. The stock has a market capitalization of $141.74, a P/E ratio of -40.00 and a beta of 0.05. eGain has a twelve month low of $1.30 and a twelve month high of $6.50.

In other eGain news, CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $5.22, for a total transaction of $39,150.00. Following the completion of the sale, the chief financial officer now owns 270,365 shares in the company, valued at $1,411,305.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 27,500 shares of company stock valued at $140,925 in the last quarter. 39.00% of the stock is owned by company insiders.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered eGain from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Roth Capital assumed coverage on eGain in a report on Wednesday, January 17th. They issued a “buy” rating and a $8.00 price target for the company. Benchmark upgraded eGain from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Friday. Dougherty & Co reiterated a “buy” rating on shares of eGain in a report on Monday, December 18th. Finally, ValuEngine lowered eGain from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $6.00.

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eGain Company Profile

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 for eGain (NASDAQ:EGAN)

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