Covisint Corporation provides an open, enterprise class cloud platform (Platform) enabling organizations to build solutions that identify, authenticate and connect users, devices, applications and information. The Company's Auto Supply Portal is involved in the development and integration of three cloud-based technologies, such as identity management, data integration and exchange services, and portal services. The Company's Platform is delivered through the cloud as a Platform as a Service (PaaS). The Company's Platform supports production-critical applications, and offers security, scalability and reliability. The Platform's various capabilities include Identity services, Messaging and orchestration services and Internet of Things (IoT) Services. Its customers include large, across the globe distributed organizations and mid-sized organizations with external business relationships, as well as the participants in their business relationships.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Application Software
- Sub-Industry: N/A
- Symbol: NASDAQ:COVS
- CUSIP: N/A
- Web: www.covisint.com
- Market Cap: $81.73 million
- Outstanding Shares: 40,865,000
- 50 Day Moving Avg: $1.92
- 200 Day Moving Avg: $2.02
- 52 Week Range: $1.71 - $2.48
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -11.76
- P/E Growth: 0.00
- Annual Revenue: $71.25 million
- Price / Sales: 1.15
- Book Value: $1.43 per share
- Price / Book: 1.40
- EBIDTA: ($10,030,000.00)
- Net Margins: -20.25%
- Return on Equity: -22.17%
- Return on Assets: -15.29%
- Current Ratio: 1.86%
- Quick Ratio: 1.86%
- Average Volume: 51,584 shs.
- Beta: 1.29
- Short Ratio: 4.21
Frequently Asked Questions for Covisint Corp (NASDAQ:COVS)
What is Covisint Corp's stock symbol?
Covisint Corp trades on the NASDAQ under the ticker symbol "COVS."
How were Covisint Corp's earnings last quarter?
Covisint Corp (NASDAQ:COVS) announced its quarterly earnings results on Monday, June, 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.10. The firm earned $20 million during the quarter. Covisint Corp had a negative return on equity of 22.17% and a negative net margin of 20.25%. View Covisint Corp's Earnings History.
When will Covisint Corp make its next earnings announcement?
Where is Covisint Corp's stock going? Where will Covisint Corp's stock price be in 2017?
1 brokerages have issued 1 year price objectives for Covisint Corp's stock. Their predictions range from $1.75 to $1.75. On average, they anticipate Covisint Corp's stock price to reach $1.75 in the next year. View Analyst Ratings for Covisint Corp.
Are investors shorting Covisint Corp?
Covisint Corp saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 285,294 shares, an increase of 3.4% from the March 31st total of 275,945 shares. Based on an average daily volume of 28,533 shares, the days-to-cover ratio is presently 10.0 days.
Who are some of Covisint Corp's key competitors?
Some companies that are related to Covisint Corp include Tremor Video (TRMR), ARI Network Services (ARIS), Mattersight Corp (MATR), SeaChange International (SEAC), Digital Turbine (APPS), Great Elm Capital Group (GEC), Finjan Holdings (FNJN), Marin Software (MRIN), MaxPoint Interactive (MXPT), NetSol Technologies (NTWK), Top Image Systems (TISA), Image Sensing Systems (ISNS), Bridgeline Digital (BLIN), Smith Micro Software (SMSI), One Horizon Group (OHGI), Apigee Corp (APIC), AVG Technologies NV (AVG) and Cvent (CVT).
Who are Covisint Corp's key executives?
Covisint Corp's management team includes the folowing people:
- Samuel M. Inman III, Chief Executive Officer, Director
- Enrico Digirolamo, Chief Financial Officer
- Aaron J. Aubrecht, Senior Vice President - Products & Marketing
- Steven R. Asam, Senior Vice President - Delivery, Operations and Engineering
- John F. Smith, Non-Executive Chairman of the Board
- Bernard M. Goldsmith, Independent Director
- William Otto Grabe, Independent Director
- Lawrence David Hansen, Independent Director
- Hansen David Lawrence, Independent Director
Who owns Covisint Corp stock?
Covisint Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (14.70%), Neuberger Berman Group LLC (8.39%), Elliott Management Corp (7.22%), Dialectic Capital Management LP (6.04%), Vanguard Group Inc. (2.97%) and Renaissance Technologies LLC (2.18%). Company insiders that own Covisint Corp stock include Bernard M Goldsmith, Enrico Digirolamo, Steven R Asam and William O Grabe. View Institutional Ownership Trends for Covisint Corp.
Who sold Covisint Corp stock? Who is selling Covisint Corp stock?
Covisint Corp's stock was sold by a variety of institutional investors in the last quarter, including Dialectic Capital Management LP, Boston Partners, Russell Investments Group Ltd., Spark Investment Management LLC, FMR LLC and Renaissance Technologies LLC. View Insider Buying and Selling for Covisint Corp.
Who bought Covisint Corp stock? Who is buying Covisint Corp stock?
Covisint Corp's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Neuberger Berman Group LLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP and Geode Capital Management LLC. Company insiders that have bought Covisint Corp stock in the last two years include Bernard M Goldsmith, Enrico Digirolamo and William O Grabe. View Insider Buying and Selling for Covisint Corp.
How do I buy Covisint Corp stock?
Shares of Covisint Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Covisint Corp's stock price today?
MarketBeat Community Rating for Covisint Corp (NASDAQ COVS)MarketBeat's community ratings are surveys of what our community members think about Covisint Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Covisint Corp stock can currently be purchased for approximately $2.00.
Consensus Ratings for Covisint Corp (NASDAQ:COVS) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||1 Sell Rating|
|Consensus Rating:||Sell (Score: 1.00)|
|Consensus Price Target: ||$1.75 (12.50% downside)|
Analysts' Ratings History for Covisint Corp (NASDAQ:COVS)
(Data available from 5/29/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/7/2016||Credit Suisse Group AG||Reiterated Rating||Sell||$1.75||N/A|
Earnings History for Covisint Corp (NASDAQ:COVS)Earnings History by Quarter for Covisint Corp (NASDAQ:COVS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|6/5/2017|| || || || || || || || |
|2/9/2017||Q3 2017||($0.05)||($0.10)||$16.65 million||View||Listen|
|11/10/2015||Q2||($0.12)||($0.09)||$18.20 million||$18.40 million||View||Listen|
|8/6/2015||Q116||($0.14)||($0.13)||$17.98 million||$15.70 million||View||N/A|
|5/20/2015||Q415||($0.05)||($0.06)||$22.20 million||$23.46 million||View||Listen|
|2/10/2015||Q315||($0.05)||($0.11)||$20.54 million||$15.70 million||View||N/A|
|10/23/2014||Q315||$0.07||($0.13)||$170.80 million||$21.70 million||View||Listen|
|7/29/2014||Q115||($0.20)||($0.23)||$20.60 million||$21.60 million||View||N/A|
|5/22/2014||Q414||($0.11)||($0.17)||$24.66 million||$24.40 million||View||N/A|
|1/22/2014||Q314||($0.10)||($0.10)||$27.00 million||$17.60 million||View||N/A|
|10/24/2013||($0.13)||($0.08)||$24.13 million||$24.50 million||View||N/A|
Earnings Estimates for Covisint Corp (NASDAQ:COVS)
Current Year EPS Consensus Estimate: $-0.29 EPS
Next Year EPS Consensus Estimate: $-0.17 EPS
Dividend History for Covisint Corp (NASDAQ:COVS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Covisint Corp (NASDAQ:COVS)
Insider Ownership Percentage: 3.90%Insider Trades by Quarter for Covisint Corp (NASDAQ:COVS)
Institutional Ownership Percentage: 68.84%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/19/2016||William O Grabe||Director||Buy||74,485||$1.94||$144,500.90|| |
|2/12/2016||William O. Grabe||Director||Buy||2,100||$1.75||$3,675.00|| |
|2/10/2016||Enrico Digirolamo||CFO||Buy||15,000||$1.78||$26,700.00|| |
|2/9/2016||William O. Grabe||Director||Buy||68,493||$1.83||$125,342.19|| |
|12/11/2015||Steven R. Asam||SVP||Sell||6,613||$2.31||$15,276.03|| |
|11/24/2015||Bernard M. Goldsmith||Director||Buy||9,900||$2.46||$24,354.00|| |
|12/9/2014||Steven R Asam||SVP||Sell||17,793||$2.58||$45,905.94|| |
|12/8/2014||Steven R Asam||SVP||Sell||35,807||$2.35||$84,146.45|| |
|6/5/2014||Corp Compuware||Major Shareholder||Buy||1,363,920||$4.00||$5,455,680.00|| |
|6/4/2014||Corp Compuware||Major Shareholder||Buy||18,000||$4.10||$73,800.00|| |
|1/27/2014||David Mcguffie||CEO||Buy||8,000||$9.21||$73,680.00|| |
Headline Trends for Covisint Corp (NASDAQ:COVS)
Latest Headlines for Covisint Corp (NASDAQ:COVS)
|ETFs with exposure to Covisint Corp. : May 25, 2017|
finance.yahoo.com - May 25 at 6:03 PM
|Covisint Corp (COVS) Earning Positive News Coverage, Study Shows|
www.americanbankingnews.com - May 4 at 2:18 PM
|Covisint Corp (COVS) Receiving Somewhat Positive Media Coverage, Study Shows|
www.americanbankingnews.com - May 1 at 3:28 PM
|Covisint Corp (COVS) Sees Significant Growth in Short Interest|
www.americanbankingnews.com - April 29 at 11:56 PM
|Somewhat Positive News Coverage Somewhat Likely to Impact Covisint Corp (COVS) Stock Price|
www.americanbankingnews.com - April 27 at 10:22 PM
|Covisint Corp (COVS) Receiving Somewhat Positive News Coverage, Report Shows|
www.americanbankingnews.com - April 22 at 1:59 PM
|Tech Mahindra Expands Relationship with Covisint to Utilize Covisint’s IoT Platform to Create Vertical Solutions|
www.nasdaq.com - April 21 at 10:05 AM
|Tech Mahindra Expands Relationship with Covisint to Utilize Covisint's IoT Platform to Create Vertical Solutions|
finance.yahoo.com - April 20 at 4:34 PM
|Covisint Corp (COVS) Getting Positive Press Coverage, Report Finds|
www.americanbankingnews.com - April 18 at 3:50 PM
|ETFs with exposure to Covisint Corp. : April 5, 2017|
finance.yahoo.com - April 7 at 9:09 AM
|Edited Transcript of COVS earnings conference call or presentation 6-Jun-16 9:00pm GMT|
finance.yahoo.com - February 28 at 12:03 PM
|COVISINT CORP Financials|
finance.yahoo.com - February 16 at 11:47 AM
|Covisint Corporation Announces Third Quarter Fiscal 2017 Financial Results - GlobeNewswire (press release)|
globenewswire.com - February 10 at 9:50 PM
|Covisint's (COVS) CEO Sam Inman on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - February 9 at 9:52 PM
|Q3 2017 Covisint Corp Earnings Release - After Market Close|
biz.yahoo.com - February 9 at 4:49 PM
|Covisint Corporation Announces Third Quarter Fiscal 2017 Financial Results|
finance.yahoo.com - February 9 at 4:49 PM
|COVISINT CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits|
biz.yahoo.com - February 9 at 4:49 PM
|Covisint Launches the Most Complete IoT Platform for Enabling Digital Transformation|
finance.yahoo.com - February 6 at 9:32 PM
|Covisint Recognized as Supplier of the Year for Second Consecutive Year by SAIC General Motors - Yahoo Finance|
finance.yahoo.com - January 25 at 10:36 PM
|Covisint Corporation: Covisint Recognized as Supplier of the Year for Second Consecutive Year by SAIC General Motors|
www.finanznachrichten.de - January 24 at 10:02 PM
|Covisint Recognized as Supplier of the Year for Second Consecutive Year by SAIC General Motors|
finance.yahoo.com - January 24 at 10:02 PM
|Covisint Corporation to Announce Third Quarter Fiscal 2017 Earnings Results ...|
globenewswire.com - January 19 at 10:44 PM
|Covisint Corporation to Announce Third Quarter Fiscal 2017 Earnings Results on February 9, 2017|
finance.yahoo.com - January 19 at 10:44 PM
|Covisint: A Standard Small-Cap Story With One Major Exception|
seekingalpha.com - January 11 at 4:52 PM
|Covisint Corporation: Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China|
www.finanznachrichten.de - December 8 at 7:15 AM
|5:01 pm Covisint signs agreements with Chinese automotive OEMs, SAIC General Motors and NextEV to launch supplier engagement platforms|
us.rd.yahoo.com - December 7 at 10:05 PM
|Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China|
finance.yahoo.com - December 7 at 5:05 PM
Covisint Corp (COVS) Chart for Monday, May, 29, 2017