Medallia Enhances Sales Rep Experience with Xactly

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UBS Remains Neutral on Xactly Corporation (XTLY) Following 1Q Beat and Raise

June 7, 2016 9:25 AM EDT

UBS reiterated a Neutral rating on Xactly Corporation (NYSE: XTLY), and raised the price target to $11.00 (from $7.00), following the company's 1Q earnings report. XTLY reported revenues of $23.3M, beating the Street's $22.0M estimate. EPS of -$0.09 also came in ahead of the Street (-$0.15).

Analyst Brent Thill commented, "XTLY's FQ1 showed consistency, with revs ($23.3M vs. Street $22.0M)... More