Brokerage firm Jefferies Downgrades its rating on SAP SE (ADR)(NYSE:SAP). The shares have been rated Underperform. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Jun 13, 2016.
In a different note, On Jun 1, 2016, Evercore ISI Group said it Downgrades its rating on SAP SE (ADR). The shares have been rated ‘Hold’ by the firm.
SAP SE (ADR) (SAP) made into the market gainers list on Fridays trading session with the shares advancing 0.92% or 0.7 points. Due to strong positive momentum, the stock ended at $76.9, which is also near the day’s high of $77.04. The stock began the session at $76.68 and the volume stood at 10,97,189 shares. The 52-week high of the shares is $82.19 and the 52 week low is $62.57. The company has a current market capitalization of $94,472 M and it has 1,22,85,04,230 shares in outstanding.
SAP SE (ADR)(SAP) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.39B. Analysts had an estimated revenue of $4.76B. Earnings per share were $0.73. Analysts had estimated an EPS of $0.69.
SAP SE formerly SAP AG is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31 2014 the Company has more than 282000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database data processing and application platform capabilities in-memory. It also provides capabilities such as predictive text analytics spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines including consumer discrete manufacturing energy and natural resources financial services public services and other services. Through Sapphire Ventures Sapphire Ventures invests in global companies as well as early-stage venture capital funds in enterprise and consumer technology.