Bazaarvoice Inc (NASDAQ:BV), which produces software that allow users like retailers capture and show customer reviews on their websites, on Thursday lifted its revenue estimate and adjusted its loss anticipations to account for its recent purchase of PowerReviews.
Previous month Bazaarvoice purchased competitor PowerReviews in a cash-and-stock agreement that it worth at almost $168 million. The agreement brought Bazaarvoice a client base of over 1,100 retailers, mainly small and mid-size North American retailers, in addition to big corporations like Gap, REI, Staples and Toys ‘R’ Us.
The corporation presently estimates revenue in the range of $33.5 million to $34 million during the quarter finishing July 31, high from an earlier range of $32.5 million to $33 million.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Facebook Inc (NASDAQ:FB) increased +0.83% to settle at $31.73, Groupon Inc (NASDAQ:GRPN) moved down -4.31% to end at $8.44 while Zynga Inc (NASDAQ:ZNGA) plunged -1.47% to finish on Friday at $5.36.
Bazaarvoice Inc (NASDAQ:BV) last session volume of 76,373.00 shares was surprisingly higher than its average volume of 224,850.00 shares. The stock after opening at $18.35 hit high price of $18.35 and then closed at $17.97 by scoring -3.59%.
The liquidity measure in recent quarter results of the company was recorded 2.57 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $125.20 million and a book value per share as $1.60 in the most recent quarter.
The stock price volatility was 3.52% for a week and 4.81% for a month as well as price volatility’s Average True Range for 14 days was 0.87.
BV generated revenue of 106.14 million in the following twelve months and earned -$24.37 million. The Company showed a negative -22.92% in the net profit margin and as well as in its operating margin which remained -21.40%. Company’s annual sales growth for the past five years was +104.71%.
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