Demandware (DWRE) Tops Q3 EPS by 16c
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Go back to Demandware (DWRE) Tops Q3 EPS by 16c
November 3, 2015 9:35 AM EST
Canaccord Genuity maintained a Buy rating on Demandware (NYSE: DWRE), and cut the price target to $68.00 (from $72.00), following the company's 3Q earnings report. DWRE posted a 5% operating margin in Q3 and increased C2015 net income guidance from breakeven to a $6M profit; subscription revenues increased 47% in constant currency, which is certainly best-in-class among Enterprise e-commerce vendors. However, underlying bookings and GMV commentary left more questions than answers... More
November 3, 2015 9:05 AM EST
Oppenheimer analyst Brian Schwartz reiterated an Outperform rating but lowered estimates and his price target on Demandware (NYSE: DWRE) to $63.00 (from $70.00) following mixed Q3 results which will likely weigh on the stock near-term.
Schwartz commented, "Demandware reported mixed 3Q results (good... More
November 3, 2015 7:32 AM EST
Mizuho Securities reiterated a Buy rating on Demandware (NYSE: DWRE), and cut the price target to $61.00 (from $75.00), following the company's 3Q earnings report. The company reported revenue of $58mm (+51% Y/Y) vs management's outlook of $52.5-53.5mm and consensus of $53.5mm. Management also... More
