BPHX: Reports Strong Pipeline Following Record Pilot Deals & Mainframe Trend
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Submitted By Knobias ClipReport
Trading on BluePhoenix Solutions Ltd. (NASDAQ NM: BPHX) was up 11.042% following this morning’s earning’s call in which the company reported Q1 revenues of $24.04M, up 31.87% from last year and beating consensus by 1.74%. Q1 EPS was $.05. Adjusted Q1 EPS was $.21, up 50.00% from last year and matching consensus. Also driving the stock was news that analyst firm Collins Stewart had upgraded BPHX to a $20 target price, citing its growth and robust pipeline.
