Ellie Mae Reports Second Quarter 2018 Results

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Ellie Mae (ELLI) PT Raised to $125 at RBC Capital

July 27, 2018 9:46 AM EDT

RBC Capital raised its price target on Ellie Mae (NYSE: ELLI) to $125.00 (from $110.00) while maintaining an Outperform rating.

Analyst Brian Schwartz commented, "We reiterate Outperform and raise target to $125 from $110 on ELLI after the company positively surprised the Street with a... More

Ellie Mae (ELLI) Tops Q2 EPS by 12c

July 26, 2018 4:23 PM EDT

Ellie Mae (NYSE: ELLI) reported Q2 EPS of $0.54, $0.12 better than the analyst estimate of $0.42. Revenue for the quarter came in at $125 million versus the consensus estimate of $123.6 million.

I am pleased to report another solid quarter in which our financial results exceeded our expectations. The number of closed... More