Dassault Systemes (OTCMKTS:DASTY) Announces Earnings Results

Dassault Systemes (OTCMKTS:DASTY) posted its quarterly earnings results on Wednesday. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Zacks reports.

Dassault Systemes Trading Down 3.6%

Shares of Dassault Systemes stock traded down $0.98 during trading on Wednesday, reaching $26.47. 9,993 shares of the stock traded hands, compared to its average volume of 250,565. The business has a fifty day simple moving average of $25.01 and a two-hundred day simple moving average of $23.24. Dassault Systemes has a 52-week low of $18.99 and a 52-week high of $29.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research note on Monday, July 27th. Jefferies Financial Group raised Dassault Systemes to a “moderate sell” rating in a research note on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Dassault Systemes in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Dassault Systemes Company Profile

Dassault Systèmes SE is a France-based software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle management solutions. Its technologies help organizations create, test, manufacture, and manage products and processes in virtual environments.

The company’s principal offering is the 3DEXPERIENCE platform, which connects design, engineering, simulation, manufacturing, and collaboration tools. Its portfolio includes CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, SIMULIA for simulation, DELMIA for manufacturing and operations, ENOVIA for product lifecycle management, and BIOVIA for scientific modeling and materials science.