Servicesource International (NASDAQ:SREV) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of (0.03)-(0.01) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.04). The company issued revenue guidance of $53.5-55.5 million, compared to the consensus revenue estimate of $54.35 million.Servicesource International also updated its FY18 guidance to (0.11)-(0.09) EPS.

Several brokerages have issued reports on SREV. BidaskClub raised shares of Servicesource International from a hold rating to a buy rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of Servicesource International from a hold rating to a sell rating in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Servicesource International from a hold rating to a sell rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Servicesource International currently has an average rating of Hold and a consensus target price of $4.63.

Shares of Servicesource International (NASDAQ:SREV) traded up $0.12 during trading hours on Monday, hitting $3.30. 276,757 shares of the stock were exchanged, compared to its average volume of 398,388. The stock has a market capitalization of $286.69, a price-to-earnings ratio of -7.23 and a beta of 1.26. Servicesource International has a fifty-two week low of $2.61 and a fifty-two week high of $6.05.

In related news, CEO Christopher Carrington bought 33,900 shares of Servicesource International stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of $2.95 per share, with a total value of $100,005.00. Following the completion of the transaction, the chief executive officer now owns 853,202 shares in the company, valued at approximately $2,516,945.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 17.90% of the company’s stock.

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Servicesource International Company Profile

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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