Luxoft Holding Inc(NYSE:LXFT) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $206.924M. Analysts estimated a revenue of $207.730M. The revenues were -0.39% below the estimates. Earnings per share were $0.82. Analysts had estimated an EPS of $0.82.
In a different note, On Dec 19, 2016, Cowen & Co. said it Upgrades its rating on Luxoft Holding Inc. The shares have been rated ‘Outperform’ by the firm.
Luxoft Holding Inc (LXFT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.89% or 1.05 points. Due to strong positive momentum, the stock ended at $56.6, which is also near the day’s high of $57.55. The stock began the session at $55 and the volume stood at 3,93,041 shares. The 52-week high of the shares is $66.18 and the 52 week low is $46.58. The company has a current market capitalization of $1,881 M and it has 3,32,41,472 shares in outstanding.
Luxoft Holding Inc. is a provider of software development services and information technology (IT) solutions. The Company’s software development services consist of custom software development and support product engineering and testing and technology consulting. The Company’s services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Company’s products include Horizon SuperCloud Twister and iStockTrack. The Company focuses on six industry verticals: financial services automotive and transport telecommunications (telecom) travel and aviation technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.