|Over a week ago|
E2open receives notification of regaining NYSE compliance » 18:0005/0505/05/21
E2open Parent Holdings…
E2open Parent Holdings announced that it received notification from the New York Stock Exchange that it officially regained compliance with exchange listing requirements. On April 12, 2021, the Division of Corporate Finance of the Securities and Exchange Commission issued a "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies," clarifying the accounting guidance for warrants with terms that are common for special purpose acquisition companies. The immediacy of the effective date of this new guidance generally resulted in audit firms not consenting to include their audit opinions in SEC filings until the new guidance was evaluated and reflected in an updated filing, which prevented E2open from filing an annual report that complied with SEC and NYSE rules by its extended filing deadline. E2open received notification on April 23, 2021 from the NYSE of non-compliance due to the missed annual report filing. The annual report in question related to E2open's predecessor, CC Neuberger Principal Holdings I, a SPAC, reflecting financial information for a fiscal period that ended prior to the business combination that closed on February 4, 2021.
E2open initiated with a Buy at Loop Capital » 06:5304/2104/21/21
Loop Capital analyst Yun…
Loop Capital analyst Yun Kim initiated coverage of E2open with a Buy rating and $13 price target. The company is well positioned to benefit from the current industry trend around large companies "extending their increasingly complex global supply-chain networks to outside partners, ensuring better visibility into the network and faster velocity of goods through the network", the analyst tells investors in a research note. Given the COVID-related events and the Suez Canal incident, market awareness for E2open's supply chain-driven communications platform is at an all-time high, the analyst adds.
E2open initiated with a Buy at Loop Capital » 06:4804/2104/21/21
Loop Capital analyst Yun…
Loop Capital analyst Yun Kim initiated coverage of E2open with a Buy rating and $13 price target.
E2open initiated with a Buy at Loop Capital » 16:2604/2004/20/21
Loop Capital initiated…
Loop Capital initiated coverage of E2open with a Buy rating and $13 price target.
|Over a month ago|
E2open sees FY22 organic revenue $367M-$371M, consensus $366.46M » 08:3504/0504/05/21
The company said,…
The company said, "For the fiscal year 2022 which began on March 1, 2021, we anticipate approximately 10% organic revenue growth within a range of $367 to $371 million, above the guidance provided in the investor presentation on January 8, 2021, given the Company's continued business momentum."
E2open sees FY21 revenue of at least $335M, consensus $334.76M » 08:3504/0504/05/21
The company said,…
The company said, "The unaudited preliminary financial results represent the most current information available to the Company and are based on calculations or figures prepared internally, which have not been reviewed or audited by the Company's independent registered public accounting firm. The Company's actual results may differ materially from these unaudited preliminary financial results and non-GAAP adjustments due to the completion of its financial closing procedures and reviews."
E2open initiated with a Neutral at UBS » 08:0803/2303/23/21
UBS analyst Jennifer Lowe…
UBS analyst Jennifer Lowe initiated coverage of E2open with a Neutral rating and $12 price target. The analyst expects the company's revenue growth to accelerate in 2021-2022 as spending on Supply Chain Management software recovers, but she also believe that share gains will be limited given the presence of "large, entrenched competitors", particularly within larger enterprises. Lowe adds that while better growth should translate to a better multiple, the stock already trades at a 24% premium to valuation implied by her growth projections for this year.
E2open initiated with a Buy at Goldman Sachs » 04:5403/1503/15/21
Goldman Sachs analyst…
Goldman Sachs analyst Christopher Merwin initiated coverage of E2open Parent Holdings with a Buy rating and $13 price target. While the supply chain management space is relatively mature, E2Open has assembled an "impressive suite" of products which cover all functional areas, Merwin tells investors in a research note. The analyst sees "long-term runway" for at least low double digit top line growth along with 30%-plus EBITDA margins through fiscal 2024.
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Elliott Management takes 13.5% passive stake in E2open » 16:1203/1003/10/21
Elliott Management disclosed a 13.5% stake in E2open, which represents over 25.1M shares. The filing does not allow for activism.