MicroStrategy (MSTR) Set to Announce Quarterly Earnings on Thursday

MicroStrategy (NASDAQ:MSTR) will issue its quarterly earnings data after the market closes on Thursday, August 1st. Parties that wish to listen to the company’s conference call can do so using this link.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. The firm had revenue of $115.25 million during the quarter, compared to the consensus estimate of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

MicroStrategy Trading Down 4.8 %

Shares of NASDAQ MSTR opened at $1,604.07 on Wednesday. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of -239.41 and a beta of 3.11. The business has a 50 day simple moving average of $1,535.27 and a 200 day simple moving average of $1,269.99. MicroStrategy has a 52 week low of $307.11 and a 52 week high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78.

MicroStrategy shares are going to split before the market opens on Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, August 8th.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen upped their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Maxim Group upgraded MicroStrategy to a “strong-buy” rating in a research report on Thursday, June 27th. BTIG Research upped their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Buy” and a consensus target price of $2,017.67.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.