Amber Road Inc (AMBR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.17. The company posted revenue of $18.14 million in the period, compared to analysts expectations of $17.77 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.
Many Wall Street Analysts have commented on Amber Road Inc. Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $7 .
Amber Road Inc opened for trading at $8.77 and hit $8.86 on the upside on Tusday, eventually ending the session at $8.82, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 1,20,198 shares. Company has a market cap of $232 M.
In a different news, on Jun 10, 2016, Albert C Iii Cooke (VP, Global Sales) sold 16,404 shares at $7.00 per share price. According to the SEC, on May 20, 2016, James W Preuninger (Chief Executive Officer) sold 100,000 shares at $5.00 per share price. On Feb 19, 2016, Barry Mv Williams (director) sold 42,808 shares at $4.18 per share price, according to the Form-4 filing with the securities and exchange commission.
Amber Road Inc. is a provider of a cloud-based global trade management (GTM) solution which automates import and export processes to enable goods to flow across international borders. The Company’s solution combines enterprise-class software trade content sourced from Government agencies and transportation providers across 145 countries and a global supply chain network connecting its customers with the trading partners including suppliers freight forwarders customs brokers and transportation carriers. The Company offers GTM solution modules and services for import management export management china trade management global logistics management trade agreement management and professional services. Its GTM solution also includes a global supply chain network of pre-built connections to the customers’ trading partners.