Datawatch (DWCH) Announces Earnings Results, Beats Expectations By $0.12 EPS

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Datawatch (NASDAQ:DWCH) announced its quarterly earnings results on Wednesday. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12, Bloomberg Earnings reports. The firm had revenue of $11.10 million during the quarter, compared to analysts’ expectations of $11.81 million. Datawatch had a negative net margin of 21.61% and a negative return on equity of 0.33%. Datawatch’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share.

NASDAQ DWCH opened at $12.60 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $143.84 million, a price-to-earnings ratio of -114.55 and a beta of 1.23. Datawatch has a one year low of $7.70 and a one year high of $13.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its stake in Datawatch by 24.4% in the first quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock valued at $282,000 after purchasing an additional 6,391 shares during the period. Alambic Investment Management L.P. increased its stake in Datawatch by 126.6% in the first quarter. Alambic Investment Management L.P. now owns 130,841 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 73,107 shares during the period. Trellus Management Company LLC acquired a new position in Datawatch in the first quarter valued at $207,000. Millennium Management LLC increased its stake in Datawatch by 37.9% in the fourth quarter. Millennium Management LLC now owns 87,192 shares of the technology company’s stock valued at $828,000 after purchasing an additional 23,953 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in Datawatch in the fourth quarter valued at $236,000. Institutional investors own 37.96% of the company’s stock.

A number of research analysts have commented on the stock. National Securities restated a “buy” rating and issued a $17.00 price objective on shares of Datawatch in a research note on Thursday. ValuEngine upgraded shares of Datawatch from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.25.

Datawatch Company Profile

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

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Earnings History for Datawatch (NASDAQ:DWCH)

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