CyberAgent (OTCMKTS:CYAGF) Shares Gap Down on Disappointing Earnings

CyberAgent, Inc. (OTCMKTS:CYAGFGet Free Report) shares gapped down prior to trading on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $8.90, but opened at $8.40. CyberAgent shares last traded at $8.40, with a volume of 10 shares.

The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. CyberAgent had a net margin of 4.57% and a return on equity of 17.36%.

CyberAgent Price Performance

The company has a quick ratio of 2.26, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $8.86 and its two-hundred day simple moving average is $8.64. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.00 and a beta of 0.35.

About CyberAgent

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CyberAgent, Inc is a Tokyo-based digital services company founded in 1998 by Susumu Fujita. The firm operates across three primary segments—digital advertising, gaming and media—serving clients and consumers mainly in Japan and select markets in Asia. Its headquarters in Shibuya, Tokyo, houses its leadership team led by Fujita in his roles as founder and chief executive officer.

In the digital advertising arena, CyberAgent provides performance marketing, programmatic display advertising, social media promotion and strategic consulting services.

Further Reading

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