Tintri (NASDAQ:TNTR) updated its first quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of ($0.68)-($0.64) for the period, compared to the Thomson Reuters consensus estimate of ($0.74). The company issued revenue guidance of $20-21 million, compared to the consensus revenue estimate of $25.05 million.
A number of brokerages recently issued reports on TNTR. Zacks Investment Research upgraded shares of Tintri from a hold rating to a buy rating and set a $5.50 target price for the company in a research report on Wednesday, December 20th. KeyCorp reiterated an equal weight rating on shares of Tintri in a research report on Friday, December 15th. Piper Jaffray Companies set a $5.00 target price on shares of Tintri and gave the company a hold rating in a research report on Thursday, December 14th. Finally, Bank of America lowered shares of Tintri from a neutral rating to an underperform rating and set a $5.00 target price for the company. in a research report on Thursday, December 14th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $7.89.
Tintri (NASDAQ:TNTR) opened at $4.35 on Wednesday. Tintri has a 12-month low of $2.78 and a 12-month high of $7.75. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of -0.73.
In other news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.
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