Revenue Update on Exa Corp(NASDAQ:EXA)

Exa Corp(NASDAQ:EXA) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-hours on Aug 29, 2016. Company reported revenue of $17.11M. Analysts estimated a revenue of $17.34M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.06.

In a different note, On Aug 30, 2016, Canaccord Genuity said it Maintains its rating on Exa Corp. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Buy’ by the firm.

Exa Corp (EXA) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.19% at a volume of 65,187. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.9. The peak price level was also seen at $15.9 while the days lowest was $15.2018. Finally the shares closed at $15.85. The 52-week high of the shares is $16.74 while the 52-week low is $9.02. According to the latest information available, the market cap of the company is $235 M.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, John J Shields (director) sold 2,000 shares at $14.37 per share price.Also, On Jul 5, 2016, Stephen A. Remondi (CEO and President) sold 10,000 shares at $14.45 per share price.On Apr 5, 2016, Hudong Chen (Chief Scientific Ofc., Sr. VP) sold 10,000 shares at $12.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Exa Corporation develops sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market including manufacturers in the passenger vehicle highway truck off-highway vehicle and train markets as well as their suppliers. Its core product PowerFLOW is a software solution for simulating fluid flow problems including aerodynamics thermal management and aeroacoustics or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine along with pre- and post-processing software products. Its products include PowerDELTA with PowerCLAY PowerCASE PowerTHERM PowerCOOL PowerINSIGHT PowerVIZ PowerACOUSTICS and ExaCLOUD Simulation Platform.

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