Jive Software Inc. (JIVE) Sees Strong Trading Volume
Shares of Jive Software Inc. (NASDAQ:JIVE) saw unusually-high trading volume on Friday . Approximately 322,580 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 131,391 shares.The stock last traded at $3.99 and had previously closed at $3.95.
Separately, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $3.50 target price on shares of Jive Software in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Jive Software has a consensus rating of “Hold” and an average price target of $5.05.
The company’s market capitalization is $310.05 million. The stock’s 50-day moving average price is $3.82 and its 200-day moving average price is $3.71.
Jive Software (NASDAQ:JIVE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The business had revenue of $51 million for the quarter, compared to analysts’ expectations of $49.80 million. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Jive Software Inc. will post $0.04 earnings per share for the current fiscal year.
Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.
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