Revenue Update on ARI Network Services(NASDAQ:ARIS)

ARI Network Services(NASDAQ:ARIS) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $11.98M. Analysts estimated a revenue of $11.82M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.03.

ARI Network Services (ARIS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.24% or 0.01 points. Due to strong positive momentum, the stock ended at $4.11, which is also near the day’s high of $4.28. The stock began the session at $4.15 and the volume stood at 17,432 shares. The 52-week high of the shares is $4.82 and the 52 week low is $2.95. The company has a current market capitalization of $71 M and it has 1,72,60,228 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 20, 2016, Roy W Olivier (President and CEO) sold 7,998 shares at $4.35 per share price.Also, On Feb 5, 2016, P Lee Poseidon (director) purchased 16,341 shares at $4.19 per share price.On Jan 12, 2016, Robert Y Iv Newell (director) purchased 4,000 shares at $4.07 per share price, according to the Form-4 filing with the securities and exchange commission.

ARI Network Services Inc. creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers distributors and dealers in selected vertical markets Sell More Stuff!- online and in-store. The Company’s solutions include Web Platform Solutions eCatalog Platform Solutions and Lead Management Product. The Company’s SaaS and DaaS solutions include eCommerce-enabled websites which provide a Web presence for dealers and serve as a platform for driving leads and eCommerce sales; eCatalogs which drive sales of inventory and PG&A both online and within the dealership; and lead management software designed to increase sales for dealers through management and closure of leads.

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