Upland Software (UPLD) Tops Q3 EPS by 10c; Guides Lower
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Upland Software (UPLD) Stock Crashes 27% on Sales and Outlook Miss, Needham Says Buy the Dip While Two Other Analysts to Downgrade to Hold
November 4, 2021 8:55 AM EDTShares of Upland Software (NASDAQ: UPLD) are down over 27% in pre-open Thursday after the company delivered another disappointing Q3 report.
Upland Software reported Q3 EPS of $0.57 to beat the analyst estimate of $0.47. Revenue for the quarter came in at $76.12 million versus the consensus estimate of $77.71 million.
In Q3 we posted strong Adjusted EBITDA and remained on track to achieve our free cash flow generation targets for the year. We did not see in Q3 the uptick in new logo bookings and renewals we had expected, said Jack McDonald, Uplands chairman... More
Upland Software (UPLD) PT Lowered to $40 at Needham & Company
November 4, 2021 6:29 AM EDTNeedham & Company analyst Scott Berg lowered the price target on Upland Software (NASDAQ: UPLD) to $40.00 (from $60.00) while maintaining a Buy rating.
The analyst commented, "Upland reported disappointing quarterly financial results with 3Q revenues modestly below estimates. 3Q revenues missed on lower mobile messaging... More
