NASDAQ:DSGX - Descartes Systems Group Stock Price, Forecast & News

Descartes Systems Group's stock was trading at $37.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DSGX shares have decreased by 15.4% and is now trading at $31.32. View which stocks have been mosted 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 5 hold ratings and 5 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, June 3rd 2020. View our earnings forecast for Descartes Systems Group.

Descartes Systems Group Inc (NASDAQ:DSGX) issued its earnings results on Wednesday, March, 4th. The technology company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The technology company earned $84.20 million during the quarter, compared to the consensus estimate of $84.27 million. Descartes Systems Group had a net margin of 11.35% and a return on equity of 5.15%. Descartes Systems Group's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. View Descartes Systems Group's earnings history.

10 equities research analysts have issued 1-year target prices for Descartes Systems Group's stock. Their forecasts range from $36.00 to $53.00. On average, they anticipate Descartes Systems Group's share price to reach $44.40 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View analysts' price targets for Descartes Systems Group.

News coverage about DSGX stock has trended somewhat negative on Monday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 -1.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutDescartes Systems Group.

Descartes Systems Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,114,600 shares, an increase of 67.9% from the February 27th total of 664,000 shares. Based on an average trading volume of 193,800 shares, the short-interest ratio is currently 5.8 days. Currently, 1.3% of the company's shares are sold short. View Descartes Systems Group's Current Options Chain.

Some companies that are related to Descartes Systems Group include Datadog (DDOG), Coupa Software (COUP), UBISOFT ENTMT S/ADR (UBSFY), Black Knight (BKI), Mongodb (MDB), Dropbox (DBX), Temenos (TMNSF), Trend Micro (TMICY), Dynatrace (DT), Ceridian HCM (CDAY), Guidewire Software (GWRE), PTC (PTC), Cloudflare (NET), Avalara (AVLR) and Alteryx (AYX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Descartes Systems Group investors own include Walmart (WMT), Exxon Mobil (XOM), Primo Water (PRMW), Ford Motor (F), Ferrellgas Partners (FGP), LyondellBasell Industries (LYB), Pfizer (PFE), Packaging Corp Of America (PKG), Teck Resources (TECK) and TELUS (TU).

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 investors include Jarislowsky Fraser Ltd (5.33%), Bank of Montreal Can (4.76%), Conestoga Capital Advisors LLC (4.13%), Janus Henderson Group PLC (2.86%), Massachusetts Financial Services Co. MA (2.63%) and Connor Clark & Lunn Investment Management Ltd. (2.62%).

DSGX stock was sold by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Oak Ridge Investments LLC, Renaissance Technologies LLC, Montrusco Bolton Investments Inc., TD Asset Management Inc., Royce & Associates LP, and Fiera Capital Corp.

DSGX stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, FIL Ltd, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Bank of Montreal Can, Goldman Sachs Group Inc., CIBC World Markets Inc., KAMES CAPITAL plc, and Janus Henderson Group PLC.

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 $31.32.

Descartes Systems Group has a market capitalization of $2.64 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 1,334 workers across the globe. View additional information about Descartes Systems Group.

The official website for Descartes Systems Group is http://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]