Demandware Inc (DWRE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.01. The company posted revenue of $67.08 million in the period, compared to analysts expectations of $64.66 million. The company’s revenue was up 33.4% compared to the same quarter last year.
Many Wall Street Analysts have commented on Demandware Inc. Company shares were Reiterated by Mizuho on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $41 .Demandware Inc was Initiated by Pacific Crest to “Sector Weight” on Apr 11, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $52 .
Demandware Inc opened for trading at $45.55 and hit $46.38 on the upside on Friday, eventually ending the session at $45.73, with a gain of 0.70% or 0.32 points. The heightened volatility saw the trading volume jump to 5,46,790 shares. Company has a market cap of $1,725 M.
In a different news, on Apr 25, 2016, Kathleen Bender Patton (SVP and General Counsel) sold 1,657 shares at $45.00 per share price. According to the SEC, on Mar 24, 2016, Thomas D Ebling (CEO) purchased 30,000 shares at $34.94 per share price. On Mar 7, 2016, Timothy M Adams (EVP & Chief Financial Officer) sold 1,406 shares at $34.71 per share price, according to the Form-4 filing with the securities and exchange commission.
Demandware Inc. is a provider of enterprise-class cloud-based digital commerce solutions which includes ecommerce order management and predictive intelligence applications for retailers and branded manufacturers. The Companys solution Demandware Commerce is a combination of its cloud platform community and related services that enables customers to establish and execute digital commerce solutions. Its solutions include global expansion multi-brand multi-site rollouts omni-channel and in-store operations as well as single platform or unified commerce platform solutions. A component of its solution is the Companys ecosystem of trusted partners called Demandware LINK that complements the Demandware Commerce Cloud. Demandware LINK is comprised of technology solution and end-to end partners. LINK Technology Partners provide customers with access to technologies that complement the Demandware Commerce Cloud through pre-built integrations.