The Descartes Systems Group Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" The Descartes Systems Group stock.
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The Descartes Systems Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 264,700 shares, a decrease of 40.7% from the June 15th total of 446,300 shares. Based on an average daily trading volume, of 86,600 shares, the short-interest ratio is currently 3.1 days. Currently, 0.3% of the shares of the company are short sold.
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The Descartes Systems Group is scheduled to release its next quarterly earnings announcement on Wednesday, September 8th 2021.
View our earnings forecast for The Descartes Systems Group.

The Descartes Systems Group Inc (NASDAQ:DSGX) posted its quarterly earnings results on Tuesday, June, 1st. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The technology company had revenue of $98.80 million for the quarter, compared to analysts' expectations of $94.18 million. The Descartes Systems Group had a trailing twelve-month return on equity of 6.64% and a net margin of 16.35%. The Descartes Systems Group's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share.
View The Descartes Systems Group's earnings history.

The Descartes Systems Group's stock was trading at $37.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DSGX stock has increased by 95.0% and is now trading at $72.22.
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10 analysts have issued 12-month target prices for The Descartes Systems Group's shares. Their forecasts range from $58.00 to $84.00. On average, they expect The Descartes Systems Group's share price to reach $70.95 in the next year. This suggests that the stock has a possible downside of 1.8%.
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19 employees have rated The Descartes Systems Group CEO Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among The Descartes Systems Group's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to The Descartes Systems Group include Paycom Software (PAYC), Splunk (SPLK), MongoDB (MDB), ZoomInfo Technologies (ZI), Qualtrics International (XM), SS&C Technologies (SSNC), Tyler Technologies (TYL), Take-Two Interactive Software (TTWO), Bill.com (BILL), Dynatrace (DT), NICE (NICE), Check Point Software Technologies (CHKP), Bentley Systems (BSY), Coupa Software (COUP) and Nuance Communications (NUAN).
View all of DSGX's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), The Kroger (KR), Visa (V) and Valero Energy (VLO).

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

The Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.20%), Bellecapital International Ltd. (0.01%), Raymond James Trust N.A. (0.01%) and Welch & Forbes LLC (0.00%).

DSGX stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Welch & Forbes LLC, and Raymond James Trust N.A..

DSGX stock was purchased by a variety of institutional investors in the last quarter, including Bellecapital International Ltd..

Shares of DSGX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DSGX stock can currently be purchased for approximately $72.22.

The Descartes Systems Group has a market capitalization of $6.11 billion and generates $348.66 million in revenue each year. The technology company earns $52.10 million in net income (profit) each year or $0.61 on an earnings per share basis.

The Descartes Systems Group employs 16,000 workers across the globe.

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

The Descartes Systems Group is headquartered at 120 RANDALL ST, WATERLOO A6, N2V 1C6.

The 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]