Control4 Corp (CTRL) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 11

Control4 Corp (CTRL) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $8.50 . Imperial Capital advised their investors in a research report released on Aug 12, 2016.

On the company’s financial health, Control4 Corp reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.18. The company had revenue of $53.20 million for the quarter, compared to analysts expectations of $50.44 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Control4 Corp opened for trading at $11 and hit $11 on the upside on Monday, eventually ending the session at $10.89, with a gain of 0.18% or 0.02 points. The heightened volatility saw the trading volume jump to 6,84,597 shares. Company has a market cap of $253 M.

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music video lighting temperature security communications and other functionalities into a unified home automation solution. The Company’s solution functions as the operating system of the home making connected devices work together to control automate and personalize the homes of its consumers. The Control4 product line includes the Control4 Home Operating System (C4 OS) and the associated application software and software development kits (SDKs). The software components include Director Navigator Composer Express Composer Professional Edition Composer Home Edition and Composer Media Edition DriverWorks SDK and Navigator SDK and Application SDK.

Control4 Corp

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