Sprout Social Inc
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Information Technology : Software |
Company profile

Sprout Social, Inc. offers deep social media listening and analytics, social management, customer care, and advocacy solutions to brands and agencies. The Company provides organizations with a centralized platform to manage their social media efforts across stakeholders and business functions. Its solutions include enterprise, agencies, small business, social management, customer care, advocacy, and data and intelligence. The Company's all-in-one platform enables users to schedule posts, store assets, respond to messages, access customizable reports and use social listening across networks and profiles from a single log-in.

Price
Delayed
$18.34
Day's Change
-0.535 (-2.84%)
Bid
--
Ask
--
B/A Size
--
Day's High
19.57
Day's Low
18.29
Volume
(Heavy Day)

Today's volume of 329,261 shares is on pace to be much greater than SPT's 10-day average volume of 350,085 shares.

329,261

UPDATE: Cisco earnings preview: Can it pull out of a 'shallow pause'?

7:00 am ET February 11, 2020 (MarketWatch)
Print

By Jon Swartz

Cisco Systems Inc. starts the calendar under the dark cloud of what it calls a "broad-based" slowdown in tech spending.

Those were its stark words in November when it projected revenue would decline by 5% or more in the current period. The computer-networking giant (CSCO) reports second-quarter results Wednesday after markets close.

See also:Cisco confirms fears of a 'broad-based' slowdown in tech spending (http://www.marketwatch.com/story/cisco-confirms-fears-of-a-broad-based-slowdown-in-tech-spending-2019-11-13)

Three months ago, Cisco executives warned that a slowdown affecting parts of the market had expanded into almost all corners of the world. "It feels like there's a bit of a pause," Chief Executive Chuck Robbins said in the conference call then.

While there have been signs of stabilization in the macroeconomic climate, concerns about Cisco linger. In maintaining a neutral rating and price target of $45 on Cisco shares, Instinet analyst Jeffrey Kvaal says it is "too soon to call a turn."

"Our work indicates the IT spending climate has not eased materially since the fall," Kvaal said in a Feb. 4 note. "The Phase One trade deal [with China] has helped; Cisco itself has referenced a 'shallow pause.' However, we find scope for further retrenchment given, of course, coronavirus uncertainty, but also chip shortages and perhaps political ambiguity."

Kvaal expects Cisco to offer third-quarter guidance of $12.5 billion in revenue and net income of 80 cents per share -- roughly in line with FactSet's prediction of $12.6 billion and 71 cents per share, respectively.

What to expect

Earnings: Of the seven analysts surveyed by FactSet, Cisco on average is expected to post earnings of 66 cents a share, down from the 69 cents expected at the beginning of the quarter. FactSet analysts expect net income of $3.2 billion in the quarter.

Estimize, which crowdsources estimates from buy and sell-side analysts, fund managers, academics and others, is forecasting earnings of 76 cents a share, based on 77 estimates.

Revenue: Wall Street expects revenue of about $12 billion from Cisco, according to 21 analysts polled by FactSet. Cisco reported revenue of $12.4 billion during last year's second quarter, and net income of $3.3 billion, or 73 cents per share.

Estimize is forecasting revenue of about $12 billion, based on 76 estimates.

According to FactSet data, of the 26 analysts who cover Cisco, 14 have buy or overweight ratings, 12 have hold ratings, and none have a sell rating, with an average price target of $52.52.

Stock movement: Cisco shares are up 1.5% over the past 12 months, compared to a gain of 23% for the broader S&P 500 index during the same period.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 11, 2020 07:00 ET (12:00 GMT)

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