Demandware Inc (DWRE) is Downgraded by Citigroup to Neutral

Demandware Inc (DWRE) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Demandware Inc. Company shares were Downgraded by RBC Capital Mkts on Jun 2, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 75 from a previous price target of $50 .Demandware Inc was Downgraded by Raymond James to ” Mkt Perform” on Jun 2, 2016. Piper Jaffray Initiated Demandware Inc on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $65.

On the company’s financial health, Demandware Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.01. The company had revenue of $67.08 million for the quarter, compared to analysts expectations of $64.66 million. The company’s revenue was up 33.4% compared to the same quarter last year.

Demandware Inc opened for trading at $74.87 and hit $74.92 on the upside on Wednesday, eventually ending the session at $74.81, with a gain of 55.89% or 26.82 points. The heightened volatility saw the trading volume jump to 1,96,98,973 shares. Company has a market cap of $2,844 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 Company’s 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 Company’s 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.

Demandware Inc

Leave a Reply

Demandware Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Demandware Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.