NetSuite Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of NetSuite (NYSE: N  ) have popped today by upward of 10% after the company reported fourth-quarter earnings last night.

So what: Both top and bottom lines came in better than hoped, with revenue stacking up to $64.1 million and earnings per share of a nickel. Analysts were looking for just $63.4 million in sales and $0.04 per share in profit.

Now what: CEO Zach Nelson said the company's quarter benefited from "being the disrupter rather than a disruptee," as its cloud software kept growing market share. He said the business continued to accelerate all year and the fourth quarter could be considered the company's best quarter ever. Next quarter's revenue is expected between $67.5 million and $68 million, a notch higher than the $67 million consensus.

Interested in more info on NetSuite? Add it to your watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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