NASDAQ:DSGXDescartes Systems Group Stock Price, Forecast & News

Descartes Systems Group's stock was trading at $37.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DSGX shares have increased by 39.9% and is now trading at $51.82. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Descartes Systems Group in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Descartes Systems Group.

Descartes Systems Group is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Descartes Systems Group.

Descartes Systems Group Inc (NASDAQ:DSGX) announced its quarterly earnings results on Wednesday, May, 27th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.13. The technology company had revenue of $83.70 million for the quarter, compared to analysts' expectations of $85.19 million. Descartes Systems Group had a net margin of 12.27% and a return on equity of 5.02%. The firm's revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. View Descartes Systems Group's earnings history.

10 brokers have issued 12 month price objectives for Descartes Systems Group's stock. Their forecasts range from $36.00 to $57.00. On average, they expect Descartes Systems Group's stock price to reach $46.20 in the next twelve months. This suggests that the stock has a possible downside of 10.8%. View analysts' price targets for Descartes Systems Group.

Press coverage about DSGX stock has been trending negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Descartes Systems Group earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Descartes Systems Group.

Descartes Systems Group saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,390,000 shares, an increase of 11.2% from the June 15th total of 1,250,000 shares. Based on an average daily volume of 194,100 shares, the days-to-cover ratio is presently 7.2 days. Approximately 1.7% of the shares of the stock are sold short. View Descartes Systems Group's Current Options Chain.

Some companies that are related to Descartes Systems Group include Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Paycom Software (PAYC), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Symantec (SYMC), Nice (NICE), Mongodb (MDB), Temenos (TMNSF), NortonLifeLock (NLOK), Dynatrace (DT), Ceridian HCM (CDAY), Cloudflare (NET) and Alteryx (AYX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Descartes Systems Group investors own include Walmart (WMT), LyondellBasell Industries (LYB), Pfizer (PFE), TELUS (TU), Applied Materials (AMAT), Activision Blizzard (ATVI), Domino's Pizza (DPZ), Ford Motor (F), Fidelity National Information Servcs (FIS) and Gilead Sciences (GILD).

Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX."

Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (0.79%), Summit Creek Advisors LLC (0.50%), Addenda Capital Inc. (0.48%), Scout Investments Inc. (0.20%), Envestnet Asset Management Inc. (0.04%) and Paragon Advisors LLC (0.02%).

DSGX stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Riverbridge Partners LLC, Addenda Capital Inc., Envestnet Asset Management Inc., and Scout Investments Inc..

DSGX stock was purchased by a variety of institutional investors in the last quarter, including Paragon Advisors LLC.

Shares of DSGX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DSGX stock can currently be purchased for approximately $51.82.

Descartes Systems Group has a market capitalization of $4.36 billion and generates $325.79 million in revenue each year. The technology company earns $37 million in net income (profit) each year or $0.45 on an earnings per share basis. Descartes Systems Group employs 1,550 workers across the globe.

The official website for Descartes Systems Group is www.descartes.com.

Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The technology company can be reached via phone at 519-746-8110 or via email at [email protected]