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Solid Q1 Blows WIND Higher
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ShareWind River Systems, Inc. (WIND) blew higher by more than 20% and might be in line for a better Zacks Rank after reporting a strong fiscal first quarter. Revenue gained 13% year over year to $87.9 million while earnings per share beat the consensus and year-ago result.
The software systems developer said it saw strong demand across its products and geographies, indicating that its strategy is resonating with customers and partners. WIND also announced an encouraging financial outlook for its fiscal year.
Earnings estimates for the year ending in January haven’t moved in the past two months but are down sharply from three months ago. The company is currently a Zacks #3 Rank, but that could change as analysts crunch the quarterly numbers in coming days.
Read the full analyst report on WIND
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