Imperial Capital issues “In-line” Rating on Control4 Corp (CTRL)

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 $ 16 from a previous price target of $12 . Imperial Capital advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Control4 Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 9, 2017. Analyst had a consensus of $0.24. The company had revenue of $57.37 million for the quarter, compared to analysts expectations of $54.56 million. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Several company insiders have filed Insider transactions , on Nov 18, 2016, Phil Molyneux (director) sold 1,178 shares at $11.14 per share price. According to the SEC, on Sep 19, 2016, Jefferson Dungan (SVP Bus. Development) sold 20,032 shares at $10.82 per share price.

Control4 Corp opened for trading at $13.44 and hit $14.22 on the upside on Friday, eventually ending the session at $13.93, with a gain of 20.40% or 2.36 points. The heightened volatility saw the trading volume jump to 21,78,767 shares. Company has a market cap of $331 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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