Wall Street brokerages predict that Talend S.A. (NASDAQ:TLND) will announce sales of $35.23 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Talend’s earnings. The lowest sales estimate is $35.06 million and the highest is $35.40 million. Talend posted sales of $25.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 38.8%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Talend will report full year sales of $35.23 million for the current financial year, with estimates ranging from $144.99 million to $145.30 million. For the next financial year, analysts forecast that the company will report sales of $187.29 million per share, with estimates ranging from $186.68 million to $187.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Talend.
Talend (NASDAQ:TLND) last issued its earnings results on Thursday, May 11th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.03. The firm had revenue of $32.90 million for the quarter, compared to the consensus estimate of $32.01 million. The business’s revenue for the quarter was up 44.3% on a year-over-year basis.
TLND has been the topic of several analyst reports. ValuEngine upgraded Talend from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays PLC reiterated a “buy” rating on shares of Talend in a report on Wednesday, July 19th. BTIG Research reiterated a “buy” rating and issued a $45.00 target price (up from $35.00) on shares of Talend in a report on Thursday, July 13th. Zacks Investment Research upgraded Talend from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $37.00 target price (up from $30.00) on shares of Talend in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.86.
Shares of Talend (NASDAQ TLND) opened at 37.85 on Wednesday. Talend has a 12 month low of $21.02 and a 12 month high of $39.48. The firm’s market capitalization is $1.06 billion. The company has a 50 day moving average of $36.83 and a 200-day moving average of $30.88.
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A number of hedge funds have recently made changes to their positions in TLND. TimesSquare Capital Management LLC bought a new stake in shares of Talend during the first quarter valued at approximately $36,064,000. Wells Fargo & Company MN boosted its stake in shares of Talend by 37.9% in the first quarter. Wells Fargo & Company MN now owns 556,760 shares of the technology company’s stock valued at $16,580,000 after buying an additional 153,160 shares during the last quarter. Next Century Growth Investors LLC boosted its stake in shares of Talend by 58.0% in the first quarter. Next Century Growth Investors LLC now owns 456,403 shares of the technology company’s stock valued at $13,591,000 after buying an additional 167,622 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Talend by 37.6% in the first quarter. Peregrine Capital Management LLC now owns 444,190 shares of the technology company’s stock valued at $12,868,000 after buying an additional 121,386 shares during the last quarter. Finally, Tygh Capital Management Inc. boosted its stake in shares of Talend by 62.2% in the first quarter. Tygh Capital Management Inc. now owns 207,619 shares of the technology company’s stock valued at $6,183,000 after buying an additional 79,655 shares during the last quarter. Institutional investors and hedge funds own 36.11% of the company’s stock.
Talend SA is a provider of open source integration solutions for data-oriented companies and integration platform under Apache Spark. The Company’s platform enables users to connect data and applications on-premise or in the cloud, in real time or in batch, Big Data or reference data. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager.
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