Evolving Systems Reports Second Quarter 2015 Financial Results

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DA Davidson Downgrades Evolving Systems (EVOL) to Neutral

August 5, 2015 7:55 AM EDT

DA Davidson downgraded Evolving Systems (NASDAQ: EVOL) from Buy to Neutral with a price target of $9.00 (from $12.50).

For an analyst ratings summary and ratings history on Evolving Systems click here. For more ratings news on Evolving Systems click here.

Shares of Evolving Systems closed at $8.42 yesterday.

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Evolving Sys (EVOL) Misses Q2 EPS by 2c

August 4, 2015 5:35 PM EDT

Evolving Sys (NASDAQ: EVOL) reported Q2 EPS of $0.07, $0.02 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $6.1 million versus the consensus estimate of $6.82 million.

"We fell short of expectations in the second quarter as revenue and bookings came in below our... More