eGain Corporation (NASDAQ:EGAN) issued its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm earned $15 million during the quarter, compared to the consensus estimate of $16.27 million. The company’s quarterly revenue was down 21.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS.
eGain Corporation (NASDAQ:EGAN) opened at 2.05 on Monday. The company’s market cap is $55.57 million. eGain Corporation has a one year low of $1.80 and a one year high of $4.28. The company has a 50-day moving average of $2.14 and a 200 day moving average of $2.60.
Several brokerages recently weighed in on EGAN. Zacks Investment Research downgraded shares of eGain Corporation from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Ladenburg Thalmann Financial Services downgraded shares of eGain Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.75 to $2.30 in a report on Thursday, November 10th.
About eGain Corporation
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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