Tintri (NASDAQ:TNTR) Issues Q1 Earnings Guidance

Tintri (NASDAQ:TNTR) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of ($0.68)-($0.64) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.74). The company issued revenue guidance of $20-21 million, compared to the consensus revenue estimate of $25.05 million.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Tintri from a hold rating to a buy rating and set a $6.25 target price on the stock in a report on Thursday, January 11th. KeyCorp reiterated an equal weight rating on shares of Tintri in a report on Friday, December 15th. Bank of America cut Tintri from a neutral rating to an underperform rating and set a $5.00 price target on the stock. in a research note on Thursday, December 14th. Finally, Piper Jaffray set a $5.00 price target on Tintri and gave the stock a hold rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $7.11.

NASDAQ:TNTR traded down $0.12 during trading hours on Thursday, hitting $1.71. The company’s stock had a trading volume of 516,767 shares, compared to its average volume of 962,405. Tintri has a 52-week low of $1.70 and a 52-week high of $7.75. The company has a debt-to-equity ratio of -0.73, a current ratio of 1.04 and a quick ratio of 0.96.

In other Tintri news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $5.54, for a total transaction of $3,575,698.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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Tintri Company Profile

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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