QAD (QADA) Releases Earnings Results, Misses Expectations By $-0.08 EPS

QAD (QADA) reported quarterly earnings results on Thursday, May-19-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.01. The company posted revenue of $65.40 million in the period, compared to analysts expectations of $65.41 million. The company’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on QAD. QAD was Initiated by Avondale to “Mkt Outperform” on Mar 29, 2016. Shares were Reiterated by The Benchmark Company on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $28 .

QAD opened for trading at $18.81 and hit $19.18 on the upside on Monday, eventually ending the session at $18.95, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 41,287 shares. Company has a market cap of $356 M.

In a different news, on Sep 9, 2015, Daniel Lender (EVP & CFO) sold 14,967 shares at $25.45 per share price. According to the SEC, on Sep 2, 2015, Anton Chilton (EVP, Global Services) sold 7,549 shares at $22.41 per share price. On Jul 16, 2015, Karl F Lopker (CEO) purchased 260,463 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

QAD Inc. is a global provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive life sciences consumer products food and beverage high technology and industrial products industries. QAD Enterprise Applications supports operational requirements including financials manufacturing demand and supply chain planning customer management business intelligence and business process management. The Company monitors emerging business requirements and practices as well as regulatory changes. QAD delivers components of its solution for a range of mobile platforms. The Company’s mobile suite includes a requisition approval solution a mobile business intelligence solution mobile browse capability and mobile application monitoring tools to support system administrators. Its mobile browse capability allows users to view filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices.


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