Absolute Software (ALSWF) Stock Rating Lowered by Zacks Investment Research
Absolute Software (NASDAQ:ALSWF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, July 4th.
According to Zacks, “Absolute Software Corporation engages in the business of providing firmware-persistent endpoint security and management solutions. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software Corporation is headquartered in Vancouver, Canada. “
Separately, ValuEngine upgraded shares of Absolute Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.69.
Shares of Absolute Software (NASDAQ:ALSWF) remained flat at $6.45 during midday trading on Tuesday. The stock has a 50-day moving average price of $6.18 and a 200 day moving average price of $5.72. Absolute Software has a 1-year low of $4.35 and a 1-year high of $6.50. The company’s market capitalization is $254.72 million.
Absolute Software (NASDAQ:ALSWF) last posted its earnings results on Monday, May 8th. The industrial products company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $23.09 million during the quarter, compared to the consensus estimate of $23.20 million.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/04/absolute-software-alswf-lowered-to-hold-at-zacks-investment-research-updated-updated.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related stocks with our FREE daily email newsletter.