Why PROS Holdings Shares Popped

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 PROS Holdings (NYSE: PRO  ) have popped today by as much as 24% after the company reported better-than-expected earnings.

So what: Revenue in the fourth quarter added up to $32.7 million, which topped the high end of guidance along with the consensus estimate of $31.7 million. The same can be said about the bottom-line result, with non-GAAP earnings per share of $0.11 beating the $0.10 per share forecast.

Now what: CEO Andres Reiner said the company exceeded its internal expectations and hit record revenues thanks to a surge in new customer signings in its business-to-business industries. The company grew its employee base by 31% to roughly 700 people during the year to accommodate future growth. First quarter guidance calls for revenue of $32.7 million to $33.3 million. On top of that, Craig-Hallum upgraded its rating on the stock from hold to buy and increased its price target from $17.50 to $27 following the solid quarter.

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

2013 and beyond
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.



Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2253605, ~/Articles/ArticleHandler.aspx, 9/27/2016 12:01:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
PRO $21.90 Down -0.16 -0.73%
PROS Holdings CAPS Rating: *