CVENT, INC. (NYSE:CVT) has received a top Growth Style score from Zack’s Research. The growth score is based on company financials as well as the company’s prospects for future growth. The score is a result of analysis of various aspects of the Balance Sheet, Cash Flow Statement and Income Statement. Stocks that are given a high growth score tend to have the characteristics resulting in market outperformance.
Individuals or firms looking to invest in CVENT, INC. (NYSE:CVT) might also take into consideration the long term analyst estimates on the stock. Sell-side firms tracked by Zacks have a long term growth estimate of N/A, on a consensus basis. This figure is based on earnings and sales projected over the next three to five years. Looking to the near future, Wall Street brokerages have a one-year price target of $37.5 on the stock. This is the average number from the 2 analysts who have published ratings in the past 6 months.
Sell-side brokerages use a variety of different terms for their ratings on the stock. Zacks has created a simplified scale where the number one represents a Strong Buy and the number five represents a Strong Sell. Using this simplified scale, CVENT, INC. has a rating of 1.67.
The analyst price targets on the stock range from $35 from the most bearish outlook to $40 from the most bullish analyst.
CVENT, INC. (NYSE:CVT) will next issue their quarterly earnings announcement on 2015-08-06. Analysts on the Street are anticipating earnings of $-0.06 per share for the quarter. Most recently the firm reported earnings of $0.03 per share for the period ending on 2015-03-31.
Cvent, Inc. is a cloud-based enterprise event management platform. The Company offers an integrated cloud-based software platform that addresses the lifecycle of events and meetings. It provides solutions for both sides of the events and meetings value chain, which include event and meeting planners, and hotels and venues. Its integrated, cloud-based solution addresses the entire event lifecycle by allowing event and meeting planners to organize, market and manage their meetings, conferences, tradeshows and other events. The Company’s online marketplace connects event planners and venues through its vertical search engine that accesses its database of detailed hotel and venue information. The combination of these solutions creates an integrated platform that allows the Company to generate revenue from both sides of the events and meetings value chain.