$58.99 Million in Sales Expected for Talend SA (NASDAQ:TLND) This Quarter

Equities analysts expect that Talend SA (NASDAQ:TLND) will post sales of $58.99 million for the current quarter, according to Zacks. Three analysts have issued estimates for Talend’s earnings, with the highest sales estimate coming in at $59.30 million and the lowest estimate coming in at $58.42 million. Talend posted sales of $49.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Talend will report full year sales of $247.64 million for the current year, with estimates ranging from $245.01 million to $249.00 million. For the next year, analysts anticipate that the business will post sales of $300.10 million, with estimates ranging from $293.65 million to $307.85 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Talend.

Talend (NASDAQ:TLND) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.32) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.07. Talend had a negative return on equity of 168.43% and a negative net margin of 22.24%. The firm had revenue of $57.84 million for the quarter, compared to the consensus estimate of $56.59 million. During the same period in the previous year, the business earned ($0.18) EPS. The business’s quarterly revenue was up 23.6% compared to the same quarter last year.

Several research firms have issued reports on TLND. BidaskClub downgraded Talend from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. BTIG Research increased their target price on shares of Talend to $62.00 and gave the stock a “buy” rating in a report on Monday, March 25th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and issued a $65.00 price objective on shares of Talend in a report on Wednesday, May 8th. ValuEngine lowered shares of Talend from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Goldman Sachs Group assumed coverage on shares of Talend in a research report on Friday, June 7th. They set a “sell” rating and a $39.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Talend presently has a consensus rating of “Hold” and a consensus price target of $61.14.

In related news, COO Laurent Bride sold 3,483 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $47.92, for a total transaction of $166,905.36. Following the completion of the sale, the chief operating officer now owns 174,819 shares of the company’s stock, valued at $8,377,326.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new stake in Talend in the 1st quarter worth approximately $31,000. Barclays PLC grew its position in Talend by 472.7% in the 4th quarter. Barclays PLC now owns 945 shares of the technology company’s stock worth $35,000 after purchasing an additional 780 shares during the period. Penserra Capital Management LLC grew its position in Talend by 71.7% in the 1st quarter. Penserra Capital Management LLC now owns 2,030 shares of the technology company’s stock worth $102,000 after purchasing an additional 848 shares during the period. AdvisorNet Financial Inc grew its position in Talend by 126.4% in the 4th quarter. AdvisorNet Financial Inc now owns 4,335 shares of the technology company’s stock worth $161,000 after purchasing an additional 2,420 shares during the period. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Talend in the 4th quarter worth approximately $260,000. 80.20% of the stock is owned by institutional investors.

TLND stock opened at $37.57 on Wednesday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -30.80 and a beta of 0.34. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $44.69. Talend has a 12-month low of $31.35 and a 12-month high of $73.52.

About Talend

Talend SA provides software platform to address IT integration needs in various industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.

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