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Upland Software, Inc. (UPLD) provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally.
The company offers a family of software applications under the Upland brand in the areas of information technology, process excellence, finance, professional services, and marketing. Its software applications address enterprise work challenges in various categories comprising customer experience management, sales enablement solutions, professional services automation, project and financial management, enterprise knowledge management, secure document services, and document lifecycle automation.
The company sells its products through a direct sales organization, as well as through an indirect sales organization that sells to distributors and value-added resellers.
It serves customers across a range of industries, including financial services, retail, technology, manufacturing, legal, education, consumer goods, media, telecommunications, government, food and beverage, healthcare, and life sciences, as well as non-profit organizations.
The company reported its quarterly results on May 2nd and reaffirmed its guidance going forward. Upland Software (UPLD) reported 1st Quarter March 2019 earnings of $0.31 per share on revenue of $48.5 million. The consensus earnings estimate was $0.33 per share on revenue of $48.3 million. Revenue grew 53.4% on a year-over-year basis.
The company said it expects second quarter revenue of $49.9 million to $51.9 million and continues to expect 2019 revenue of $202.4 million to $206.4 million. The current consensus estimate is revenue of $50.9 million for the quarter ending June 30, 2019 and revenue of $204.3 million for the year ending December 31, 2019.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $46.00
Trading Range: $25.12 - $48.19
Stop Loss: $43.70
Target Price: $50.60
UPLD closed at $53.20
