Needham & Company Gives Buy Rating to Virtusa (VRTU)

By admin | 6 years ago

Virtusa (NASDAQ: VRTU)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company in a note issued to investors on Thursday.

Shares of Virtusa traded down 3.14% during mid-day trading on Thursday, hitting $14.21. Virtusa has a 52 week low of $11.87 and a 52 week high of $21.79. The company has a market cap of $351.8 million and a P/E ratio of 18.57.

Virtusa last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. Virtusa’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Virtusa will post $0.23 earnings per share next quarter.

Separately, analysts at BB&T (NYSE: BBT) upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a research note to investors on Thursday.

Virtusa Corporation (Virtusa) is a global information technology services company. Virtusa uses an offshore delivery model to provide a range of information technology (IT) services, including IT consulting, technology implementation and application outsourcing.

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