Revenue Update on Solaredge Technologies Inc(NASDAQ:SEDG)

Solaredge Technologies Inc(NASDAQ:SEDG) announced the earnings results for Fiscal Year 2017 and Q2. 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 $111.513M. Analysts estimated a revenue of $115.340M. The revenues were -3.32% below the estimates. Earnings per share were $0.32. The reported EPS was below estimates by -3.03%. Analysts had estimated an EPS of $0.33.

Solaredge Technologies Inc (SEDG) shares turned negative on Wednesdays trading session with the shares closing down -0.8 points or -5.19% at a volume of 9,21,695. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.4. The peak price level was also seen at $15.4 while the days lowest was $14.55. Finally the shares closed at $14.6. The 52-week high of the shares is $28.99 while the 52-week low is $11.35. According to the latest information available, the market cap of the company is $600 M.

Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, Lior Handelsman (VP Marketing&ProductStrategy) sold 891 shares at $12.78 per share price.Also, On Dec 5, 2016, Rachel Prishkolnik (VP, GC and Corporate Secretary) sold 891 shares at $12.78 per share price.On Dec 5, 2016, Meir Adest (VP, Core Technologies) sold 891 shares at $12.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Company’s portfolio of products includes power optimizers PV inverters and a Web portal for module-level monitoring and fault detection. Its SolarEdge power optimizer is a DC/DC converter which is connected by installers to each PV module or embedded by module manufacturers replacing the solar junction box. Its SolarEdge DC-AC PV inverter works with the SolarEdge power optimizers. Its SolarEdge PV Monitoring Portal is a Web-based application that provides module-level string-level and system-wide monitoring. The Company’s customers include providers of solar PV systems to residential and commercial end users such as SolarCity SunRun Inc. and Vivint Solar Inc.

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