|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's range||28.34 - 29.36|
|52-week range||27.60 - 59.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||05 Jan 2022 - 10 Jan 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||48.80|
Next-year sales growth looked slow in last month's guidance update, but the reasons behind that slowdown have been unstoppable and obvious for several quarters.
Earnings season is upon us and companies are now reporting on their late summer financial results in earnest. Stock prices can go wild during these periods as companies post figures that either beat or fall short of investor expectations. Three tech names that recently reported are IBM (NYSE: IBM), Duck Creek Technologies (NASDAQ: DCT), and Lam Research (NASDAQ: LRCX).
Shares of insurance industry software-as-a-service provider Duck Creek Technologies (NASDAQ: DCT) collapsed in Friday trading, falling 21.7% through 1 p.m. EDT after reporting what -- at least at first glance -- appeared to be a fine fourth-quarter 2021 earnings report last night. Expected to earn $0.02 per share, pro forma, on sales of $69.1 million, Duck Creek turned in a $0.02 per share profit on sales of $70.8 million -- not a huge earnings beat, but a beat nonetheless. Recurring revenue at the software provider increased 41%, and subscription revenue grew 35%.