Nomura Downgrades Apigee to Neutral from Buy (NASDAQ:APIC)


The stock decreased 1.88% or $0.34 during the last trading session, hitting $17.44. About 737,669 shares traded hands or 92.45% 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.

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 $534.14 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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