Ariba Rating Lowered to Neutral at Roth Capital (ARBA)
Shares of Ariba traded up 2.60% during mid-day trading on Thursday, hitting $39.02. Ariba has a 52 week low of $21.90 and a 52 week high of $40.45. The company’s market cap is $3.739 billion.
Ariba last announced its earnings results on Thursday, April 26th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Ariba will post $0.27 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Ariba from $40.00 to $50.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Ariba in a research note to investors on Friday, May 4th. They set a “buy” rating and a $45.00 price target on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Ariba from $33.00 to $40.00 in a research note to investors on Friday, April 27th.
Ariba, Inc. is a provider of collaborative business commerce solutions. The Company combines software-as-a-service (SaaS) technology with a Web-based community and a global network of trading partners.