Endava Suffers From Client Spending Doldrums (Downgrade) [Seeking Alpha]
Endava plc American Depositary Shares (each representing one Class A Ordinary Share) (DAVA)
Last endava plc american depositary shares (each representing one class a ordinary share) earnings: 2/13 07:14 am
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Company Research
Source: Seeking Alpha
The company operates in the global software consulting market, which is forecasted to reach $681 billion by 2030. Endava's financial trends have been negative, with a significant drop in revenues, gross profit, and earnings per share. The stock has also fallen 47% in the past year. My near-term outlook on Endava plc is to sell. Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More » Investment Outlook Endava plc NYSE: DAVA ) has disappointed investors with its most recent quarterly results I previously wrote about Endava in June 2023 with a Hold outlook due to a cautious growth outlook from management. The company is struggling with low employee utilization as it seeks to retain employees for a hoped-for recovery in client demand. In the meantime, however, the stock will likely languish, as other consulting industry stocks have, so investor money is best allocated elsewhere. My outlook on DAVA for the near term is to sell. En
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DAVA
News
- Endava plc (NYSE: DAVA) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock.MarketBeat
- Endava plc (NYSE: DAVA) had its price target lowered by analysts at Citigroup Inc. from $40.00 to $33.00. They now have a "neutral" rating on the stock.MarketBeat
- Endava plc (DAVA) Was Down 40% in Q1 [Yahoo! Finance]Yahoo! Finance
- White Falcon Capital - Endava: Has The Culture, Scale And Competencies To Succeed [Seeking Alpha]Seeking Alpha
- Endava Completes Acquisition of GalaxE Solutions [Yahoo! Finance]Yahoo! Finance
DAVA
Earnings
- 2/29/24 - Beat
DAVA
Sec Filings
- 4/24/24 - Form 144
- 4/10/24 - Form SC
- 4/9/24 - Form SC
- DAVA's page on the SEC website