Revenue Update on Edgewater Technology(NASDAQ:EDGW)

Edgewater Technology(NASDAQ:EDGW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $34.02M. Analysts estimated a revenue of $34.10M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.03.

Edgewater Technology (EDGW) made into the market gainers list on Fridays trading session with the shares advancing 3.69% or 0.31 points. Due to strong positive momentum, the stock ended at $8.71, which is also near the day’s high of $8.8829. The stock began the session at $8.5 and the volume stood at 2,111 shares. The 52-week high of the shares is $9.3899 and the 52 week low is $5.6. The company has a current market capitalization of $107 M and it has 1,23,12,596 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 21, 2015, David Clancey (EVP & Chief Technology Officer) purchased 2,200 shares at $7.16 per share price.Also, On Aug 21, 2015, Shirley Singleton (CEO) purchased 2,200 shares at $7.12 per share price.

Edgewater Technology Inc. is a strategic consulting firm that focuses on helping companies drive transformational change that improves processes reduces costs and increases revenue. The Company’s blend of consulting services and product-based solutions allows it to deliver true end-to-end solutions from strategy through delivery to its client base. The Company offers a range of consulting services such as Classic Consulting and Product-Based Consulting. In addition the Company also provides synergistic services in the area of data management and analytics such as Enterprise information management services and Analytics services. Its services include business improvement roadmaps organizational change management technical architecture and roadmaps strategic technology selections technical evaluation and design Enterprise performance management with Oracle budgeting planning Industry specific platform and solutions and Business intelligence analytics among others.

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