Covisint Corp Company Profile (NASDAQ:COVS)

About Covisint Corp (NASDAQ:COVS)

Covisint Corp logoCovisint 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
Capitalization:
  • Market Cap: $81.73 million
  • Outstanding Shares: 40,865,000
Average Prices:
  • 50 Day Moving Avg: $1.92
  • 200 Day Moving Avg: $2.02
  • 52 Week Range: $1.71 - $2.48
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.76
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $71.25 million
  • Price / Sales: 1.15
  • Book Value: $1.43 per share
  • Price / Book: 1.40
Profitability:
  • EBIDTA: ($10,030,000.00)
  • Net Margins: -20.25%
  • Return on Equity: -22.17%
  • Return on Assets: -15.29%
Debt:
  • Current Ratio: 1.86%
  • Quick Ratio: 1.86%
Misc:
  • 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?

Covisint Corp is scheduled to release their next quarterly earnings announcement on Monday, June, 5th 2017. View Earnings Estimates for Covisint Corp.

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?

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?

One share of Covisint Corp stock can currently be purchased for approximately $2.00.


MarketBeat Community Rating for Covisint Corp (NASDAQ COVS)
Community Ranking:  0.8 out of 5 ()
Outperform Votes:  12 (Vote Outperform)
Underperform Votes:  66 (Vote Underperform)
Total Votes:  78
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.

Analyst Ratings

Consensus Ratings for Covisint Corp (NASDAQ:COVS) (?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/7/2016Credit Suisse Group AGReiterated RatingSell$1.75N/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for Covisint Corp (NASDAQ:COVS)
Earnings by Quarter for Covisint Corp (NASDAQ:COVS)
Earnings History by Quarter for Covisint Corp (NASDAQ:COVS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/5/2017        
2/9/2017Q3 2017($0.05)($0.10)$16.65 millionViewListenView Earnings Details
6/6/2016Q4($0.11)($0.01)$20.00 millionViewListenView Earnings Details
11/10/2015Q2($0.12)($0.09)$18.20 million$18.40 millionViewListenView Earnings Details
8/6/2015Q116($0.14)($0.13)$17.98 million$15.70 millionViewN/AView Earnings Details
5/20/2015Q415($0.05)($0.06)$22.20 million$23.46 millionViewListenView Earnings Details
2/10/2015Q315($0.05)($0.11)$20.54 million$15.70 millionViewN/AView Earnings Details
10/23/2014Q315$0.07($0.13)$170.80 million$21.70 millionViewListenView Earnings Details
7/29/2014Q115($0.20)($0.23)$20.60 million$21.60 millionViewN/AView Earnings Details
5/22/2014Q414($0.11)($0.17)$24.66 million$24.40 millionViewN/AView Earnings Details
1/22/2014Q314($0.10)($0.10)$27.00 million$17.60 millionViewN/AView Earnings Details
10/24/2013($0.13)($0.08)$24.13 million$24.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Covisint Corp (NASDAQ:COVS)
Current Year EPS Consensus Estimate: $-0.29 EPS
Next Year EPS Consensus Estimate: $-0.17 EPS

Dividends

Dividend History for Covisint Corp (NASDAQ:COVS)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Covisint Corp (NASDAQ:COVS)
Insider Ownership Percentage: 3.90%
Institutional Ownership Percentage: 68.84%
Insider Trades by Quarter for Covisint Corp (NASDAQ:COVS)
Institutional Ownership by Quarter for Covisint Corp (NASDAQ:COVS)
Insider Trades by Quarter for Covisint Corp (NASDAQ:COVS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/19/2016William O GrabeDirectorBuy74,485$1.94$144,500.90View SEC Filing  
2/12/2016William O. GrabeDirectorBuy2,100$1.75$3,675.00View SEC Filing  
2/10/2016Enrico DigirolamoCFOBuy15,000$1.78$26,700.00View SEC Filing  
2/9/2016William O. GrabeDirectorBuy68,493$1.83$125,342.19View SEC Filing  
12/11/2015Steven R. AsamSVPSell6,613$2.31$15,276.03View SEC Filing  
11/24/2015Bernard M. GoldsmithDirectorBuy9,900$2.46$24,354.00View SEC Filing  
12/9/2014Steven R AsamSVPSell17,793$2.58$45,905.94View SEC Filing  
12/8/2014Steven R AsamSVPSell35,807$2.35$84,146.45View SEC Filing  
6/5/2014Corp CompuwareMajor ShareholderBuy1,363,920$4.00$5,455,680.00View SEC Filing  
6/4/2014Corp CompuwareMajor ShareholderBuy18,000$4.10$73,800.00View SEC Filing  
1/27/2014David McguffieCEOBuy8,000$9.21$73,680.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Covisint Corp (NASDAQ:COVS)
Latest Headlines for Covisint Corp (NASDAQ:COVS)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Covisint Corp. : May 25, 2017
finance.yahoo.com - May 25 at 6:03 PM
americanbankingnews.com logoCovisint Corp (COVS) Earning Positive News Coverage, Study Shows
www.americanbankingnews.com - May 4 at 2:18 PM
americanbankingnews.com logoCovisint Corp (COVS) Receiving Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - May 1 at 3:28 PM
americanbankingnews.com logoCovisint Corp (COVS) Sees Significant Growth in Short Interest
www.americanbankingnews.com - April 29 at 11:56 PM
americanbankingnews.com logoSomewhat Positive News Coverage Somewhat Likely to Impact Covisint Corp (COVS) Stock Price
www.americanbankingnews.com - April 27 at 10:22 PM
americanbankingnews.com logoCovisint Corp (COVS) Receiving Somewhat Positive News Coverage, Report Shows
www.americanbankingnews.com - April 22 at 1:59 PM
nasdaq.com logoTech Mahindra Expands Relationship with Covisint to Utilize Covisint’s IoT Platform to Create Vertical Solutions
www.nasdaq.com - April 21 at 10:05 AM
finance.yahoo.com logoTech Mahindra Expands Relationship with Covisint to Utilize Covisint's IoT Platform to Create Vertical Solutions
finance.yahoo.com - April 20 at 4:34 PM
americanbankingnews.com logoCovisint Corp (COVS) Getting Positive Press Coverage, Report Finds
www.americanbankingnews.com - April 18 at 3:50 PM
finance.yahoo.com logoETFs with exposure to Covisint Corp. : April 5, 2017
finance.yahoo.com - April 7 at 9:09 AM
finance.yahoo.com logoEdited Transcript of COVS earnings conference call or presentation 6-Jun-16 9:00pm GMT
finance.yahoo.com - February 28 at 12:03 PM
finance.yahoo.com logoCOVISINT CORP Financials
finance.yahoo.com - February 16 at 11:47 AM
globenewswire.com logoCovisint Corporation Announces Third Quarter Fiscal 2017 Financial Results - GlobeNewswire (press release)
globenewswire.com - February 10 at 9:50 PM
seekingalpha.com logoCovisint's (COVS) CEO Sam Inman on Q3 2017 Results - Earnings Call Transcript
seekingalpha.com - February 9 at 9:52 PM
biz.yahoo.com logoQ3 2017 Covisint Corp Earnings Release - After Market Close
biz.yahoo.com - February 9 at 4:49 PM
finance.yahoo.com logoCovisint Corporation Announces Third Quarter Fiscal 2017 Financial Results
finance.yahoo.com - February 9 at 4:49 PM
biz.yahoo.com logoCOVISINT 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
finance.yahoo.com logoCovisint Launches the Most Complete IoT Platform for Enabling Digital Transformation
finance.yahoo.com - February 6 at 9:32 PM
finance.yahoo.com logoCovisint 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
finanznachrichten.de logoCovisint 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
finance.yahoo.com logoCovisint Recognized as Supplier of the Year for Second Consecutive Year by SAIC General Motors
finance.yahoo.com - January 24 at 10:02 PM
globenewswire.com logoCovisint Corporation to Announce Third Quarter Fiscal 2017 Earnings Results ...
globenewswire.com - January 19 at 10:44 PM
finance.yahoo.com logoCovisint Corporation to Announce Third Quarter Fiscal 2017 Earnings Results on February 9, 2017
finance.yahoo.com - January 19 at 10:44 PM
seekingalpha.com logoCovisint: A Standard Small-Cap Story With One Major Exception
seekingalpha.com - January 11 at 4:52 PM
finanznachrichten.de logoCovisint Corporation: Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China
www.finanznachrichten.de - December 8 at 7:15 AM
us.rd.yahoo.com logo5:01 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
finance.yahoo.com logoCovisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China
finance.yahoo.com - December 7 at 5:05 PM

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Chart

Covisint Corp (COVS) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff