RPX Corp (RPXC) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.13. The company posted revenue of $79.70 million in the period, compared to analysts expectations of $78.97 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on RPX Corp. Shares were Reiterated by Cowen on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 14 from a previous price target of $17 .
RPX Corp closed down -0.07 points or -0.63% at $11.01 with 2,04,235 shares getting traded on Monday. Post opening the session at $11.14, the shares hit an intraday low of $10.96 and an intraday high of $11.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 23, 2016, Steven S Swank (Senior Vice President) sold 5,364 shares at $9.79 per share price. According to the SEC, on Nov 13, 2015, Robert H Heath (Chief Financial Officer, SVP) sold 4,500 shares at $13.71 per share price. On Nov 3, 2015, Mallun Yen (Executive Vice President) sold 15,000 shares at $14.39 per share price, according to the Form-4 filing with the securities and exchange commission.
RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.