Revenue Update on GlobalSCAPE(NYSEMKT:GSB)

GlobalSCAPE(NYSEMKT:GSB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $8.26M. Analysts estimated a revenue of $9.10M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.06.

GlobalSCAPE (GSB) made into the market gainers list on Thursdays trading session with the shares advancing 0.29% or 0.01 points. Due to strong positive momentum, the stock ended at $3.51, which is also near the day’s high of $3.68. The stock began the session at $3.5 and the volume stood at 1,38,380 shares. The 52-week high of the shares is $4.33 and the 52 week low is $3.13. The company has a current market capitalization of $74 M and it has 2,10,37,496 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Matthew Craig Goulet (CEO) purchased 15,000 shares at $3.25 per share price.Also, On Feb 3, 2016, David L Mann (director) purchased 10,000 shares at $3.33 per share price.On Dec 2, 2015, Thomas W Brown (director) sold 10,721 shares at $4.15 per share price, according to the Form-4 filing with the securities and exchange commission.

GlobalSCAPE Inc. develops and distributes software delivers managed and hosted solutions and provides associated services for secure information exchange for enterprises and consumers. The Company’s solution portfolio facilitates transmission of information such as financial data medical records customer files vendor files personnel files transaction activity and other similar documents between diverse and geographically separated network infrastructures while supporting a range of information protection approaches to meet privacy and other security requirements. In addition to enabling secure flexible transmission of critical information using servers desktop and notebook computers and a range of network-enabled mobile devices its products also provide customers with the ability to monitor and audit file transfer activities. Its primary product is Enhance File Transfer (EFT).

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