Jive Software Inc. (JIVE) Sees Large Volume Increase
Jive Software Inc. (NASDAQ:JIVE) shares saw unusually-high trading volume on Friday . Approximately 322,580 shares traded hands 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 restated a “hold” rating and issued a $3.50 target price on shares of Jive Software in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.04.
The stock’s market capitalization is $307.80 million. The company has a 50 day moving average price of $3.82 and a 200 day moving average price of $3.71.
Jive Software (NASDAQ:JIVE) last released its earnings results on Tuesday, August 2nd. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company had revenue of $51 million for the quarter, compared to the consensus estimate of $49.80 million. The business’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Jive Software Inc. will post $0.04 EPS for the current 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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