Revenue Update on Q2 Holdings Inc(NYSE:QTWO)

Q2 Holdings Inc(NYSE:QTWO) 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 $36.01M. Analysts estimated a revenue of $35.66M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.12.

In a different note, On Jul 25, 2016, Morgan Stanley said it Downgrades its rating on Q2 Holdings Inc. The shares have been rated ‘Equal-weight’ by the firm. On Jun 21, 2016, Needham said it Assumes its rating on Q2 Holdings Inc. The shares have been rated ‘Buy’ by the firm.

Q2 Holdings Inc (QTWO) made into the market gainers list on Fridays trading session with the shares advancing 0.08% or 0.02 points. Due to strong positive momentum, the stock ended at $26.25, which is also near the day’s high of $26.32. The stock began the session at $26.22 and the volume stood at 1,68,781 shares. The 52-week high of the shares is $30.73 and the 52 week low is $16.435. The company has a current market capitalization of $1,044 M and it has 3,97,79,587 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Charles T Doyle (director) sold 14,000 shares at $29.00 per share price.Also, On Jul 28, 2016, Sherri Manning (SVP, People and Places) sold 10,000 shares at $29.00 per share price.On Jul 15, 2016, R. H. Seale (director 10% owner) sold 20,000 shares at $27.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Q2 Holdings Inc. (Q2) is a provider of secure cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. It delivers virtual banking experience across online mobile voice and tablet channels. Its software-as-a-service (SaaS) delivery model is designed to scale with its customers as they add account holders on its solutions. RCFIs can configure the Company’s solutions to function in a manner that is consistent with their specific workflows processes and controls and personalize the experiences they deliver to their account holders by extending the services and local character of their branches across digital channels. It sells subscriptions to its cloud-based solutions through its direct sales organization. The Company’s solutions include Q2online Q2 Risk & Fraud Analytics Q2 Treasury Q2mobility App Q2mobile Remote Deposit Capture Q2text Q2voice Q2themes and Q2clarity.

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