Jive Software Inc. (NASDAQ:JIVE) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -$0.15 to -$0.17 for the period, compared to the Thomson Reuters consensus estimate of ($0.16), AmericanBankingNews.com reports. The company issued revenue guidance of $38.5 million to $39.5 million, compared to the consensus revenue estimate of $40.05 million.
Jive Software Inc. (NASDAQ:JIVE) traded down 1.09% during mid-day trading on Wednesday, hitting $12.72. 1,309,055 shares of the company’s stock traded hands. Jive Software Inc. has a one year low of $10.63 and a one year high of $18.48. The stock has a 50-day moving average of $13.18 and a 200-day moving average of $15.35. The company’s market cap is $874.6 million.
Jive Software (NASDAQ:JIVE) last released its earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.04. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.52 million. During the same quarter last year, the company posted ($0.09) earnings per share. Jive Software’s revenue was up 29.4% compared to the same quarter last year. Analysts expect that Jive Software Inc. will post $-0.59 EPS for the current fiscal year.
JIVE has been the subject of a number of recent research reports. Analysts at Needham & Company cut their price target on shares of Jive Software from $18.00 to $16.00 in a research note to investors on Thursday, August 1st. They now have a buy rating on the stock. Analysts at Credit Suisse cut their price target on shares of Jive Software from $25.00 to $20.00 in a research note to investors on Thursday, August 1st. They now have an outperform rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Jive Software presently has a consensus rating of Buy and a consensus target price of $18.14.
Jive Software, Inc develops social business collaboration software. The Company’s Social Business Software (NASDAQ:JIVE) combines the community software, collaboration software, social networking software, and social media monitoring offerings into an integrated platform.
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