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Fly News Breaks for February 9, 2017
TYL
Feb 9, 2017 | 08:09 EDT
After Tyler reported higher than expected EPs but lower than expected revenue, Pacific Crest analyst Brent Bracelin says that the company's revenue could increase 12% this year versus his previous estimate of 11%. The analyst says that the company's "disappointing" EPS guidance is partly due to increased R&d investments. Bracelin calls the company "a high-quality franchise that has a dominant position in local government with few competitive risks." He recommends buying the stock on weakness.
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