Revenue Update on Xactly Corp(NYSE:XTLY)

Xactly Corp(NYSE:XTLY) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 6, 2016. Company reported revenue of $17.32M. Analysts estimated a revenue of $22.08M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.15.

In a different note, Lake Street Capital said it Initiates Coverage on Xactly Corp, according to a research note issued on May 18, 2016. The shares have been rated ‘Buy’ by the firm. On May 18, 2016, Needham said it Assumes its rating on Xactly Corp. The shares have been rated ‘Buy’ by the firm.

Xactly Corp (XTLY) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.44% at a volume of 3,08,599. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.42. The peak price level was also seen at $11.42 while the days lowest was $11.09. Finally the shares closed at $11.31. The 52-week high of the shares is $11.51 while the 52-week low is $4.68. According to the latest information available, the market cap of the company is $341 M.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Joseph C Consul (CFO, Treasurer & Asst. Sec.) sold 11,110 shares at $10.00 per share price.Also, On Apr 11, 2016, Christopher Cabrera (Chief Executive Officer) sold 25,000 shares at $7.26 per share price.On Jan 7, 2016, Carol Mills (director) sold 10,000 shares at $8.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Xactly Corporation provides enterprise-class cloud-based incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals. Its solutions allow organizations to make decisions optimize behaviors and design incentive compensation plans. It delivers its solutions through a software-as-a-service business model. Its solutions enable executives design manage and analyze incentive programs and provide visibility into employee and incentive program performance. Its solutions enable employees to monitor estimate and track their own and their team’s performance in real-time and modify their behaviors. Its solutions automate various processes such as estimating and calculating commissions and bonuses assigning sales territories forecasting accruals and modeling business outcomes.

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