Information Provided By:
Fly News Breaks for November 1, 2018
BCOR
Nov 1, 2018 | 08:32 EDT
Benchmark analyst Daniel Kurnos sees "at least 3 reasons" why Blucora shares traded off over 5% despite "another standard upside quarter," including the fact that its Q4 guidance halted a recent pattern of beat and raises; initial tax guidance was "incredibly tepid"; and the unexpected departure of HD Vest head Bob Oros. However, he expressed high confidence management will exceed their targets and believes it "was truly a personal issue" that caused Oros to step down. The "unfortunate optics" of the departure and "mixed messages" sent by the company creates an attractive entry point for investors, contends Kurnos, who keeps a Buy rating on Blucora shares.
News For BCOR From the Last 2 Days
There are no results for your query BCOR