Zacks Investment Research Downgrades Guidance Software Inc. (GUID) to Hold
Guidance Software Inc. (NASDAQ:GUID) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey. “
Several other research analysts also recently commented on the company. Bank of America Corp. downgraded Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Friday, September 16th. They noted that the move was a valuation call. Imperial Capital reissued an “in-line” rating and set a $5.50 price target on shares of Guidance Software in a report on Sunday, July 24th. Finally, B. Riley reissued a “buy” rating and set a $8.00 price target on shares of Guidance Software in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.45.
Shares of Guidance Software (NASDAQ:GUID) opened at 5.90 on Wednesday. The company’s market cap is $170.58 million. Guidance Software has a one year low of $3.27 and a one year high of $6.86. The stock’s 50 day moving average price is $5.90 and its 200 day moving average price is $5.56.
Guidance Software (NASDAQ:GUID) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Guidance Software had a negative return on equity of 192.05% and a negative net margin of 21.87%. The company earned $27.60 million during the quarter, compared to the consensus estimate of $27.87 million. During the same period in the previous year, the company posted ($0.05) EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Guidance Software will post ($0.24) earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in GUID. Algert Global LLC bought a new position in shares of Guidance Software during the first quarter valued at $140,000. State Street Corp boosted its position in shares of Guidance Software by 9.6% in the first quarter. State Street Corp now owns 299,501 shares of the company’s stock valued at $1,287,000 after buying an additional 26,332 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Guidance Software by 10.6% in the first quarter. Geode Capital Management LLC now owns 146,542 shares of the company’s stock valued at $629,000 after buying an additional 14,028 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Guidance Software by 11.7% in the first quarter. Renaissance Technologies LLC now owns 305,900 shares of the company’s stock valued at $1,315,000 after buying an additional 32,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Guidance Software by 25.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 97,773 shares of the company’s stock valued at $420,000 after buying an additional 19,715 shares in the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.
About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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