Revenue Update on CSG Systems International(NASDAQ:CSGS)

CSG Systems International(NASDAQ:CSGS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $190.25M. Analysts estimated a revenue of $185.50M. Earnings per share were $0.70. Analysts had estimated an EPS of $0.62.

CSG Systems International (CSGS) shares turned negative on Fridays trading session with the shares closing down -0.55 points or -1.35% at a volume of 1,32,292. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.835. The peak price level was also seen at $40.835 while the days lowest was $40.17. Finally the shares closed at $40.33. The 52-week high of the shares is $46.54 while the 52-week low is $29.1801. According to the latest information available, the market cap of the company is $1,305 M.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Kenneth M Kennedy (EVP Product Development) sold 4,000 shares at $42.58 per share price.Also, On May 12, 2016, Joseph Thomas Ruble (EVP, Gen Counsel, Sectry & CAO) sold 13,977 shares at $42.13 per share price.On Apr 5, 2016, Rolland B Johns (Chief Accounting Officer) sold 2,305 shares at $45.75 per share price, according to the Form-4 filing with the securities and exchange commission.

CSG Systems International Inc. (CSG) is a provider of business support solutions primarily to the communications industry. The Company’s solutions coordinate and manage many aspects of a service provider’s customer interactions from the initial activation of customer accounts to the support of various service activities and through the presentment collection and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing convergent rating and billing mediation and data management wholesale settlement and routing customer interaction management business intelligence and content management and monetization.

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