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PROS Holdings, Inc. (PRO) offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide.
The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
The company offers solutions for selling improvement, including PROS Smart CPQ that automates the quoting process by enabling sales teams, partners, and end customers on e-commerce platforms; and PROS Opportunity Detection solutions, which enhances sales productivity, accelerates quota attainment, and delivers data-driven product recommendations.
It also provides PROS pricing solutions comprising PROS Control, a platform for price measurement, coordination, and strategy; and PROS Guidance, a prescriptive price guidance solution.
In addition, the company provides PROS airline revenue optimization solutions consisting of PROS Airline Revenue Management, PROS Airline Real-Time Dynamic Pricing, and PROS Airline Group Sales for enterprises in the travel industry, including the airline, hotel, and cruise. Further, it offers Airline e-commerce suite of products, such as PROS Airline Shopping and PROS Airline Merchandising that provide airlines with shopping and merchandising capabilities.
Additionally, the company offers professional services consisting of implementation and configuration, consulting, and training; and maintenance and support services. It sells its software solutions to customers in various industries, including automotive and industrial, B2B services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech, and travel.
Shares have formed a bullish "wedge" and are expected to move higher from this formation. The formation is supported by the stock's 50-day moving average.
On July 25th, Pros (PRO) reported a 2nd Quarter June 2019 loss of $0.22 per share on revenue of $63.9 million. The consensus estimate was a loss of $0.23 per share on revenue of $61.5 million. Revenue grew 34.7% on a year-over-year basis.
The company said it expects a third quarter non-GAAP loss of $0.09 to $0.07 per share on revenue of $63.0 million to $63.5 million. The current consensus estimate is a loss of $0.07 per share on revenue of $60.1 million for the quarter ending September 30, 2019. The company also said it expects 2019 revenue of $247.0 million to $248.0 million. The company's previous guidance was revenue of $241.0 million to $242.0 million and the current consensus estimate is revenue of $241.7 million for the year ending December 31, 2019.
Entry Point: $69.25
Trading Range: $28.18 to $75.395
Stop Loss: $65.75
Target Price: $76.20
closed at $52
