Apigee Corp (APIC) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Oct 10, 2016.
Many Wall Street Analysts have commented on Apigee Corp. Apigee Corp was Downgraded by Pacific Crest to ” Sector Weight” on Sep 15, 2016. Apigee Corp was Downgraded by Credit Suisse to ” Neutral” on Sep 15, 2016. Apigee Corp was Downgraded by ROTH Capital to ” Neutral” on Sep 15, 2016.
On the company’s financial health, Apigee Corp reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Sep 14, 2016. Analyst had a consensus of $-0.27. The company had revenue of $25.10 million for the quarter, compared to analysts expectations of $24.94 million. The company’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.38 EPS.
Apigee Corp closed down -0.01 points or -0.06% at $17.38 with 94,629 shares getting traded on Friday. Post opening the session at $17.42, the shares hit an intraday low of $17.37 and an intraday high of $17.42 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 8, 2016, Shankar Ramaswamy (VP of Engineering & Operations) sold 15,636 shares at $11.49 per share price. According to the SEC, on Sep 30, 2015, Stacey Giamalis (Chief Counsel) purchased 344 shares at $10.48 per share price. On Sep 30, 2015, Chetan Kapoor (CEO) purchased 5,000 shares at $10.03 per share price, according to the Form-4 filing with the securities and exchange commission.
Apigee Corporation (Apigee) is a provider of an application program interface (API)-based software platform that enables digital connectivity and business insights. The Company’s platform allows businesses to design deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers partners employees and other users engage with its business. The Company’s platform consists of following products: Apigee Edge Apigee Insights Apigee Developer and Apigee Link. Its Apigee Edge provides a solution that addresses the entire digital value chain by eliminating the need to integrate disparate point solutions. Its Apigee Insights delivers predictive analytics. The Apigee Developer consists of Apigee Edge Trial and two open source products such as Apigee 127 and Apigee Zetta. Apigee Link is the Company’s Internet of things (IoT) platform for connecting devices to the Internet.