Tintri, Inc. (TNTR) Releases Q3 Earnings Guidance
Tintri, Inc. (NASDAQ:TNTR) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.81)-(0.77) for the period, compared to the Thomson Reuters consensus estimate of ($0.79). The company issued revenue guidance of $36-37 million, compared to the consensus revenue estimate of $41.32 million.
A number of brokerages recently commented on TNTR. Morgan Stanley reissued an equal weight rating and issued a $4.50 price objective (down from $6.00) on shares of Tintri in a research note on Friday. Needham & Company LLC lowered their price objective on shares of Tintri from $15.00 to $10.00 and set a buy rating on the stock in a research note on Friday. William Blair cut shares of Tintri from an outperform rating to a market perform rating in a research note on Friday. Bank of America Corporation cut shares of Tintri from a buy rating to a neutral rating and set a $8.00 price objective on the stock. in a research note on Friday. Finally, Piper Jaffray Companies reissued a neutral rating and issued a $6.50 price objective (down from $8.50) on shares of Tintri in a research note on Friday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $7.83.
Shares of Tintri, Inc. (NASDAQ:TNTR) opened at 4.55 on Friday. Tintri, Inc. has a 52 week low of $4.32 and a 52 week high of $9.80. The firm’s market capitalization is $140.65 million. The company has a 50-day moving average of $7.70 and a 200-day moving average of $7.50.
Tintri (NASDAQ:TNTR) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($2.05) EPS for the quarter, missing the consensus estimate of ($1.97) by $0.08. The business had revenue of $34.87 million for the quarter, compared to analysts’ expectations of $35.68 million. The company’s revenue was up 26.5% compared to the same quarter last year. On average, equities analysts forecast that Tintri, Inc. will post ($3.51) earnings per share for the current fiscal year.
In related news, major shareholder Enterprise Associates 12 New purchased 926,429 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were purchased at an average price of $7.00 per share, with a total value of $6,485,003.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher J. Schaepe purchased 597,858 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.
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Tintri Company Profile
Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.
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