Revenue Update on Cvent Inc(NYSE:CVT)

Cvent Inc(NYSE:CVT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $59.62M. Analysts estimated a revenue of $57.57M. Earnings per share were $0.05. Analysts had estimated an EPS of $-0.05.

In a different note, On May 9, 2016, JMP Securities said it Downgrades its rating on Cvent Inc. The shares have been rated ‘Market Perform’ by the firm.

Cvent Inc (CVT) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.16% at a volume of 1,40,366. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.14. The peak price level was also seen at $32.14 while the days lowest was $31.72. Finally the shares closed at $31.77. The 52-week high of the shares is $37.25 while the 52-week low is $17.85. According to the latest information available, the market cap of the company is $1,346 M.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, David C. Quattrone (Chief Technology Officer) sold 4,000 shares at $22.00 per share price.Also, On Mar 23, 2016, Bharet Malhotra (SVP, Sales) sold 500 shares at $21.51 per share price.On Feb 24, 2016, Charles V. Ghoorah (President of Sales & Marketing) sold 4,000 shares at $20.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Cvent Inc. is a cloud-based enterprise event management platform. The Company provides solutions for both sides of the events and meetings value chain such as event and meeting planners and hotels and venues. The Company’s integrated cloud-based solution is used in the entire event lifecycle by allowing event and meeting planners to organize market and manage their meetings conferences tradeshows and other events. Its hospitality cloud provides hotels and venues with a solution suite to generate manage and measure their demand for group meetings. For the event and meeting planner side of the value chain which includes corporations associations not-for-profits Government agencies and universities and events and meetings? It offers six product categories which include event management software enterprise solutions software mobile event apps pre- and post-event feedback management software ticketing software and the Hospitality Cloud which includes CSN.

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