Rally Software Development Corp (NASDAQ:RALY) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.22)-(0.19) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.21), AnalystRatingsNetwork.com reports. The company issued revenue guidance of $18.4-18.6 million, compared to the consensus revenue estimate of $18.14 million.Rally Software Development Corp also updated its FY14 guidance to ($0.95)-(0.90) EPS.
Rally Software Development Corp (NASDAQ:RALY) opened at 25.62 on Friday. Rally Software Development Corp has a one year low of $16.80 and a one year high of $30.25. The stock has a 50-day moving average of $27.09 and a 200-day moving average of $23.31. The company's market cap is $621.5 million.
Rally Software Development Corp (NASDAQ:RALY) last released its earnings data on Thursday, September 5th. The company reported ($0.04) earnings per share for the quarter, beating the analysts' consensus estimate of ($0.18) by $0.14. The company had revenue of $19.80 million for the quarter, compared to the consensus estimate of $17.97 million. Rally Software Development Corp's revenue was up 45.6% compared to the same quarter last year. On average, analysts predict that Rally Software Development Corp will post $-1.01 earnings per share for the current fiscal year.
Rally Software Development Corp. is a global provider of cloud-based solutions for managing Agile software development.
Source:http://www.dailypolitical.com/finance/stock-market/rally-software-development-corp-raly-updates-q3-earnings-guidance.htm
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