Maxim Group Upgrades Virtusa (VRTU) to Buy
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Virtusa (VRTU) PT Raised to $45 at Needham & Company
November 8, 2017 10:18 AM ESTNeedham & Company raised its price target on Virtusa (NASDAQ: VRTU) to $45.00 (from $43.00) while maintaining a Buy rating following strong Q2 results and Q3 revenue guidance that is above the Street.
Analyst Mayank Tandon commented, "Despite the YTD strength in the shares, we believe the... More
Virtusa (VRTU) Misses Q2 EPS by 1c, Beats on Revenues; FY18 EPS Mid-Point Guidance Above Consensus, FY18 Revenue Guidance Above Consensus
November 8, 2017 6:33 AM ESTVirtusa (NASDAQ: VRTU) reported Q2 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $248.2 million versus the consensus estimate of $237.16 million.
Financial Outlook
Virtusa management provided the following current financial guidance:
Third quarter fiscal 2018 revenue is expected to be in the range of $256.0 to $262.0 million. GAAP diluted EPS is expected to be in the... More