Ariba Rating Lowered to Sell at Craig Hallum (ARBA)
Shares of Ariba traded down 0.22% during mid-day trading on Wednesday, hitting $44.90. Ariba has a 52 week low of $21.90 and a 52 week high of $45.48. The company’s market cap is $4.303 billion.
Ariba last announced its earnings results on Thursday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that Ariba will post $0.26 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs (NYSE: GS) downgraded shares of Ariba from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Roth Capital downgraded shares of Ariba from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, May 10th. Finally, 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, May 7th. They now have an “overweight” rating on the stock.
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.