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LXFT

Luxoft

$53.30

-0.9 (-1.66%)

16:49
02/13/18
02/13
16:49
02/13/18
16:49

Luxoft lowers FY18 EPS view to $2.77-$2.85 from at least $2.85, consensus $2.90

Lowers FY18 revenue view to $900M-$905M from $920M, consensus $922.44M. CEO Dmitry Loschinin says: "Looking ahead, we expect our full-year results to be affected by lower revenue from two large acquired telecom and healthcare clients. This is primarily the result of our de-emphasizing lower-margin, non-core business and strategically aligning our resources with an expanding number of attractive, higher-margin opportunities. While this will impact our revenue generation this fiscal year, we believe these actions position the Company more competitively in the long term. As a result, we currently expect our full-year fiscal 2018 revenue to be in the range of $900-905 million, down approximately 2%, and our adjusted EBITDA margin to be in the range of 15.0-15.2%. Despite this near-term challenge, our confidence in the business remains strong. We see a number of attractive growth opportunities across our verticals, and we are confident we have the right strategy to further build our long-term growth potential and deliver increasing value to shareholders. The entire Luxoft team is focused on driving improved execution and entering fiscal 2019 with momentum across our business as we further implement our revenue diversification and business optimization strategies."

  • 14

    Feb

LXFT Luxoft
$53.30

-0.9 (-1.66%)

12/05/17
KEYB
12/05/17
UPGRADE
Target $66
KEYB
Overweight
Luxoft upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Arvind Ramnani upgraded Luxoft Holding (LXFT) to Overweight with a $66 price target. The analyst expects the company's top-two customer concentration to fall from 35% today to the mid-20% range in the next 12-18 months. With customer concentration abating amid "robust growth" at non-top two accounts, and with shares trading at a "significant valuation discount" to Epam Systems (EPAM), Luxoft is attractive, Ramnani tells investors in a research note.
12/05/17
PIVT
12/05/17
INITIATION
Target $70
PIVT
Buy
Luxoft initiated with a Buy at Pivotal Research
Pivotal Research analyst Lou Miscioscia started Luxoft Holding with a Buy rating and $70 price target. The analyst views the company as a turnaround play with 40% upside potential.
01/17/18
CANT
01/17/18
UPGRADE
CANT
Overweight
Luxoft upgraded to Overweight from Neutral at Cantor Fitzgerald
01/17/18
CANT
01/17/18
UPGRADE
Target $65
CANT
Overweight
Luxoft upgraded to Overweight from Neutral at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi upgraded Luxoft to Overweight and raised his price target for the shares to $65 from $52. The analyst sees an improving risk/reward on the shares, noting the company's client concentration has come down to more manageable levels. He expects Luxoft's client concentration to continue to decline over the long term, which he views positively.

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