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VRTU

Virtusa

$31.88

-1.26 (-3.80%)

06:57
08/08/17
08/08
06:57
08/08/17
06:57

Virtusa anticipates restructuring charges of $1.5M in Q2 and Q3

Virtusa anticipates a total restructuring charge of $1.5M in the Q2 and Q3 related to resource optimization initiatives. This charge is reflected in the current second quarter and full year GAAP EPS guidance, and not included in Non-GAAP EPS guidance.

  • 08

    Aug

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    Aug

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    Aug

VRTU Virtusa
$31.88

-1.26 (-3.80%)

03/24/17
COWN
03/24/17
UPGRADE
Target $38
COWN
Outperform
Virtusa upgraded to Outperform at Cowen
As reported previously, Canaccord analyst Bryan Bergin upgraded Virtusa to Outperform from Market Perform. The analyst cited the stabilization of its large client base and margin expansion plans, benefits from increased scale, current pipeline momentum, and strong earnings growth. Bergin raised his price target to $38 from $29 on Virtusa shares.
03/24/17
03/24/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Adobe (ADBE) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Nemeroff citing expectations for continued momentum in its highly profitable Creative Cloud business that he expects will lead to stronger than expected operating cash flows over the next few years. The analyst also raised his price target on the shares to $150 from $125. 2. Under Armour (UA/UAA) upgraded to Buy from Hold at Jefferies saying the "bottom has formed." The Under Armour brand has strengthened and athletic apparel demand is robust, Konik tells investors in a research note, citing his firm's updated proprietary survey of 2,000 consumers when compared to three years ago. 3. Alcoa (AA) upgraded to Buy from Hold at Berenberg. 4. Virtusa (VRTU) upgraded to Outperform from Market Perform at Cowen with analyst Bryan Bergin citing the stabilization of its large client base and margin expansion plans, benefits from increased scale, current pipeline momentum, and strong earnings growth. Bergin raised his price target to $38 from $29 on Virtusa shares. 5. PVH Corp. (PVH) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying the company is one of the only apparel/footwear manufacturers with "notable" earnings growth. She raised her price target for the shares to $115 from $102. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/17
RHCO
05/18/17
NO CHANGE
RHCO
Virtusa should be bought on weakness, says SunTrust
SunTrust analyst Frank Atkins recommends buying Virtusa's stock on weakness after the company reported weaker than expected results and its guidance missed expectations. Atkins expects the company's margins to rise steadily going forward, and he notes that the large deals in the company's pipeline rose significantly year-over-year. He keeps a Buy rating on the stock.
05/25/17
BRRR
05/25/17
NO CHANGE
Target $35
BRRR
Outperform
Virtusa pullback brings attractive entry point, says Barrington
Barrington analyst Vincent Colicchio believes the 11% pullback in Virtusa shares since the company's Q4 earnings report represents an attractive entry point. The analyst notes that a recent conference, management made some favorable comments on its competitive position and growth prospects. Colicchio views Virtusa as undervalued and keeps an Outperform rating on the shares with a $35 price target.

TODAY'S FREE FLY STORIES

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AMCX

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Cemex

$6.33

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Kennametal

$37.44

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SYNT

Syntel

$34.07

0.65 (1.94%)

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MGTA

Magenta Therapeutics

$0.00

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Xeris Pharmaceuticals

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KR

Kroger

$26.21

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$93.27

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Patterson Companies

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IIIV

i3 Verticals

$0.00

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  • 21

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KZR

Kezar Life Sciences

$0.00

(0.00%)

20:23
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  • 21

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LPL

LG Display

$8.91

-0.015 (-0.17%)

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EGO

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$1.13

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BNED

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SPY

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$0.00

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GOOG

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