Servicesource International (NASDAQ:SREV) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of (0.11)-(0.09) for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $243-246 million, compared to the consensus revenue estimate of $243.09 million.Servicesource International also updated its Q1 guidance to (0.03)-(0.01) EPS.

Servicesource International (SREV) opened at $3.49 on Wednesday. Servicesource International has a 1-year low of $2.61 and a 1-year high of $6.05. The company has a market capitalization of $297.51, a P/E ratio of 47.14 and a beta of 1.26.

Servicesource International (NASDAQ:SREV) last released its earnings results on Monday, February 12th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Servicesource International had a positive return on equity of 4.45% and a negative net margin of 12.48%. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $62.49 million. During the same quarter last year, the business posted $0.02 EPS. Servicesource International’s quarterly revenue was down 3.9% compared to the same quarter last year. sell-side analysts predict that Servicesource International will post 0.1 earnings per share for the current year.

A number of brokerages have recently weighed in on SREV. BidaskClub cut Servicesource International from a buy rating to a hold rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Servicesource International from a hold rating to a buy rating and set a $4.00 price target on the stock in a research report on Wednesday, October 25th. Finally, ValuEngine cut Servicesource International from a hold rating to a sell rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $4.63.

In other Servicesource International news, CEO Christopher Carrington bought 33,900 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $100,005.00. Following the transaction, the chief executive officer now directly owns 853,202 shares in the company, valued at $2,516,945.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is currently owned by corporate insiders.

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About Servicesource International

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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