News stories about Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Descartes Systems Group earned a news impact score of 0.29 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.6229584588752 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Descartes Systems Group (DSGX) opened at $26.00 on Tuesday. The company has a market capitalization of $1,960.00, a PE ratio of 76.47 and a beta of 0.49. Descartes Systems Group has a 52-week low of $21.00 and a 52-week high of $31.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.13 and a current ratio of 1.13.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $62.00 million during the quarter, compared to analysts’ expectations of $60.01 million. Descartes Systems Group had a net margin of 11.61% and a return on equity of 5.83%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. analysts expect that Descartes Systems Group will post 0.37 earnings per share for the current year.

DSGX has been the subject of a number of recent research reports. Zacks Investment Research cut Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub cut Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Barclays lifted their price objective on Descartes Systems Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Royal Bank of Canada lifted their price objective on Descartes Systems Group from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, Raymond James Financial cut Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 30th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.39.

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About Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Insider Buying and Selling by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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