Expected Decline of Profit for Apigee Corp (APIC)


Wall Street await Apigee Corp (NASDAQ:APIC) to release earnings on September, 14 after the close. Analysts forecast earnings per share of $-0.33, up exactly $0.09 or 21.43% from 2014’s $-0.42 EPS. After posting $-0.32 EPS for the previous quarter, Apigee Corp’s analysts now forecast 3.13% negative EPS growth. About 402,567 shares traded hands or 5.03% up from the average. Apigee Corp (NASDAQ:APIC) has risen 196.83% since February 8, 2016 and is uptrending. It has outperformed by 180.34% the S&P500.

Out of 3 analysts covering Apigee Corp (NASDAQ:APIC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $17 is the highest target while $16 is the lowest. The $16.50 average target is -5.55% below today’s ($17.47) stock price. Apigee Corp has been the topic of 3 analyst reports since February 23, 2016 according to StockzIntelligence Inc. Nomura downgraded the stock on September 9 to “Neutral” rating.

Apigee Corporation is engaged in providing a software platform that allows businesses to design, deploy, and scale application program interfaces (APIs), as a connection layer between their core information technology (IT) systems and data and the applications, with which their customers, partners, employees and other users engage with the business. The company has a market cap of $534.90 million. The Company’s platforms include Apigee Edge, an API-management solution, and Apigee Insights, the Company’s predictive analytics software solution. It currently has negative earnings. The Firm delivers its platform both in the cloud and on premises.

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