Zacks Investment Research Lowers Guidance Software Inc. (GUID) to Hold
Guidance Software Inc. (NASDAQ:GUID) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey. “
Several other brokerages also recently commented on GUID. Imperial Capital reiterated an “in-line” rating and issued a $5.50 target price on shares of Guidance Software in a report on Sunday, July 24th. Bank of America Corp. downgraded shares of Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a report on Friday, September 16th. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating and issued a $8.00 target price on shares of Guidance Software in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Guidance Software has a consensus rating of “Hold” and a consensus target price of $17.45.
Shares of Guidance Software (NASDAQ:GUID) opened at 5.96 on Wednesday. The firm has a 50-day moving average of $5.91 and a 200-day moving average of $5.55. Guidance Software has a 12-month low of $3.27 and a 12-month high of $6.86. The company’s market cap is $172.32 million.
Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company earned $27.60 million during the quarter, compared to the consensus estimate of $27.87 million. Guidance Software had a negative net margin of 21.87% and a negative return on equity of 192.05%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Analysts predict that Guidance Software will post ($0.24) EPS for the current year.
A number of hedge funds have recently bought and sold shares of the company. Boston Partners increased its stake in Guidance Software by 14.0% in the second quarter. Boston Partners now owns 167,030 shares of the company’s stock worth $1,034,000 after buying an additional 20,540 shares during the period. Geode Capital Management LLC raised its position in shares of Guidance Software by 10.6% in the first quarter. Geode Capital Management LLC now owns 146,542 shares of the company’s stock worth $629,000 after buying an additional 14,028 shares in the last quarter. State Street Corp raised its position in shares of Guidance Software by 9.6% in the first quarter. State Street Corp now owns 299,501 shares of the company’s stock worth $1,287,000 after buying an additional 26,332 shares in the last quarter. Algert Global LLC acquired a new position in shares of Guidance Software during the first quarter worth $140,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Guidance Software by 25.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 97,773 shares of the company’s stock worth $420,000 after buying an additional 19,715 shares in the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.
About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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