ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally-provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus Cloud Consulting, staff augmentation, server and desktop support, and project management services. The Financing segment specializes in leasing and financing arrangements, such as sales-type and operating leases; loans and consumption-based financing arrangements; and underwriting and management of IT equipment and assets. Its financing operations comprise sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT, communication-related, and medical equipment; and industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment directly, as well as through vendors. ePlus inc. serves commercial entities, state and local governments, government contractors, and educational institutions. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.
IPO Year: 1996
Exchange: NASDAQ
Website: eplus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | $83.00 | Buy → Neutral | Sidoti |
| 8/5/2021 | $104.00 → $121.00 | Neutral → Buy | Sidoti & Co. |
| 8/5/2021 | Neutral → Buy | Sidoti |
Acquisition strengthens ePlus Services portfolio across North America HERNDON, Va., Aug. 20, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., has acquired Bailiwick Services, LLC (Bailiwick). Based near Minneapolis, Bailiwick is a highly-skilled provider of professional and managed services with nearly 30 years in the business. Bailiwick specializes in serving enterprise customers that operate large store, branch, and campus footprints predominantly in the retail, financial services, restaurant, and hospitality vertical markets.
HERNDON, Va., Aug. 13, 2024 /PRNewswire/ -- ePlus Technology inc and IGXGlobal UK Limited, a wholly owned subsidiary of ePlus inc, (NASDAQ NGS: PLUS – news), today announced that both organizations have successfully achieved renewal of the Cisco Environmental Sustainability Specialization. The distinction indicates that ePlus and IGXGlobal have successfully demonstrated a level of knowledge that will enable them to provide education and resources to assist their customers in operationalizing environmental sustainability practices through technology reuse and recycling. The spe
First Quarter Fiscal Year 2025 Net sales decreased 5.2% to $544.5 million from last year's first quarter; technology business net sales decreased 5.3% to $535.5 million; services revenues increased 15.8% to $78.2 million.Technology business gross billings decreased 1.0% to $833.7 million.Consolidated gross profit decreased 5.5% to $134.5 million.Consolidated gross margin was 24.7% as compared to last year's 24.8%.Net earnings decreased 19.2% to $27.3 million.Adjusted EBITDA decreased 19.9% to $43.1 million.Diluted net earnings per common share decreased 19.7% to $1.02 and non-GAAP diluted net earnings per common share decreased 19.9% to $1.13.HERNDON, Va., Aug. 6, 2024 /PRNewswire/ -- ePlus
HERNDON, Va., July 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on August 6, 2024, it will release earnings and host a conference call regarding its financial results for the three months ended June 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: August 6, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/653117486 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call
Delivers highly-dynamic and flexible consumption model for enterprise storage complemented by first-call support and customer success resources HERNDON, Va., July 12, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone. As an enhancement to NetApp Keystone Partner program, the ePlus offering combines flexible subscription models for storage consumption via NetApp Keystone with ePlus technical support and customer success resources. ePlus Storage-as-a
Service Expansion to UK and Europe Follows Success in U.S. HERNDON, Va., July 3, 2024 /PRNewswire/ -- IGXGlobal, a subsidiary of U.S.-based ePlus inc. (NASDAQ NGS: PLUS) (news), today announced that it will begin offering its unique, customized Storage-as-a-Service (STaaS) powered by Pure Storage Evergreen//One™ to customer organizations across the UK and Europe. IGX's STaaS offering combines flexible subscription models for storage consumption of Pure Storage Evergreen//One with IGX technical support and customer success resources. Expansion of the Service into the UK and Eur
HERNDON, Va., June 27, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized as a Juniper Partner of the Year for 2023 by Juniper Networks, a leader in secure, AI-Native Networks. ePlus was recognized as 2023 Partner of the Year for Cloud Ready Data Center in both Worldwide and Americas categories for its ability to develop modernized data centers and automated cloud-based network solutions integrating Juniper Networks AI-Native technologies. Working together, ePlus and Juniper engineer modern networking solutions that help remov
ePlus Disaster Recovery-as-a-Service (DRaaS) offering, powered by Azure Site Recovery, protects workloads living on-premises, in Azure, or in other clouds HERNDON, Va., June 26, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the launch of Azure Recover, a fully-managed DRaaS solution. Powered by Azure Site Recovery, ePlus Azure Recover helps organizations safeguard their critical services with geographic resilience to provide confident recovery in the event of disaster. The new offering includes: Fully-automated monthly testingFailover event support
HERNDON, Va., June 11, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it was awarded the Lenovo U.S. Infrastructure Solutions Group (ISG) Partner of the Year Award during Accelerate Express '24, Lenovo's annual Solution Provider Partner event. The new Lenovo Partner of the Year Awards were established to recognize Lenovo partner organizations that meet or exceed demanding award criteria in year-on-year growth, engagement, adoption & utilization, certifications & accreditations, and community & culture. ePlus was honored with the award in recogn
HERNDON, Va., May 15, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS) today announced that on May 22, 2024, it will release earnings and host a conference call regarding its financial results for the three months and fiscal year ended March 31, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: May 22, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/690482659 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call: (8
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HERNDON, Va., May 9, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced Binary Defense as a new Tier 2 Managed Detection and Response (MDR) partner for ePlus. Binary Defense collaborates closely with organizations by customizing its MDR solution to meet their specific needs, including security posture, individual risks, and business priorities. Through the combination of its unique Open XDR strategy and attacker mindset, Binary Defense delivers accelerated detection, investigation, and response capabilities for its customers, providing actionable insight
Company will participate in AI, Cybersecurity and SEC/corporate governance priorities HERNDON, Va., Jan. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its membership in the U.S. Chamber of Commerce as well as its participation in the Chamber's AI, Cybersecurity and SEC/corporate governance priorities. The U.S. Chamber of Commerce is the world's largest business organization representing companies of all sizes across every sector of the economy. Its members range from small businesses and local chambers of commerce to leading industry association
Sidoti downgraded ePlus from Buy to Neutral and set a new price target of $83.00
Sidoti & Co. upgraded ePlus from Neutral to Buy and set a new price target of $121.00 from $104.00 previously
Sidoti upgraded ePlus from Neutral to Buy
Acquisition strengthens ePlus Services portfolio across North America HERNDON, Va., Aug. 20, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., has acquired Bailiwick Services, LLC (Bailiwick). Based near Minneapolis, Bailiwick is a highly-skilled provider of professional and managed services with nearly 30 years in the business. Bailiwick specializes in serving enterprise customers that operate large store, branch, and campus footprints predominantly in the retail, financial services, restaurant, and hospitality vertical markets.
First Quarter Fiscal Year 2025 Net sales decreased 5.2% to $544.5 million from last year's first quarter; technology business net sales decreased 5.3% to $535.5 million; services revenues increased 15.8% to $78.2 million.Technology business gross billings decreased 1.0% to $833.7 million.Consolidated gross profit decreased 5.5% to $134.5 million.Consolidated gross margin was 24.7% as compared to last year's 24.8%.Net earnings decreased 19.2% to $27.3 million.Adjusted EBITDA decreased 19.9% to $43.1 million.Diluted net earnings per common share decreased 19.7% to $1.02 and non-GAAP diluted net earnings per common share decreased 19.9% to $1.13.HERNDON, Va., Aug. 6, 2024 /PRNewswire/ -- ePlus
HERNDON, Va., July 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on August 6, 2024, it will release earnings and host a conference call regarding its financial results for the three months ended June 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: August 6, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/653117486 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call
HERNDON, Va., May 15, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS) today announced that on May 22, 2024, it will release earnings and host a conference call regarding its financial results for the three months and fiscal year ended March 31, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: May 22, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/690482659 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call: (8
HERNDON, Va., Jan. 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 6, 2024, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: February 6, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/945
Acquisition of data center focused solutions provider strengthens ePlus' market presence in Mountain West HERNDON, Va., Jan. 29, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has acquired certain assets of PEAK Resources, Inc. (PEAK). Based in Denver, CO, one of the fastest growing metro areas in the U.S., PEAK has built a reputation as one of the top IT Solution Providers in the region. PEAK's customer-centric approach focuses on delivering professional services, data center, networking and cyber security products and solutions. The acquisition will help drive additional growth with enhanced engineering, sales, and services delivery capabilities in the mo
EPS increased 51.2% to $1.27; Net Sales up 25.3% to $574.2 million HERNDON, Va., Aug. 7, 2023 /PRNewswire/ -- First Quarter Fiscal Year 2024 Net sales increased 25.3% to $574.2 million from last year's quarter; technology business net sales increased 26.0% to $565.7 million; professional services and managed services revenues increased 7.0% to $67.5 million.Technology business gross billings increased 17.6% to $842.0 million.Consolidated gross profit increased 25.3% to $142.3 million.Consolidated gross margin remained at 24.8%.Net earnings increased 51.5% to $33.8 million.Adju
HERNDON, Va., July 31, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on August 7, 2023, it will release earnings and host a conference call regarding its financial results for the three months ended June 30, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: August 7, 2023 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/857044059 Live Call: (888) 330-2469 (toll-free/domestic) (240) 789-2740 (international) Passcode: 540
HERNDON, Va., May 17, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on May 24, 2023, it will release earnings and host a conference call regarding its financial results for the three and twelve months ended March 31, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: May 24, 2023 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/484026067 Live Call:
Gains Cisco Master Service Provider Technology Specialization to help expand ePlus' market presence with broadband Service Providers HERNDON, Va., May 1, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has acquired certain assets of the Network Solutions Group (NSG), a business unit of CCI Systems, Inc. (CCI). NSG is a Michigan-based provider of networking services and solutions focused in the broadband Service Provider end-market. This acquisition will help drive additional growth with enhanced engineering, sales, and services delivery capabilities specific to the industry. Service Providers are included in ePlus' telecom, media, and entertainment end-marke
Service Expansion to UK and Europe Follows Success in U.S.HERNDON, Va., July 3, 2024 /PRNewswire/ -- IGXGlobal, a subsidiary of U.S.-based ePlus inc. (NASDAQ NGS: PLUS) (news), today announced that it will begin offering its unique, customized Storage-as-a-Service (STaaS) powered by Pure Storage Evergreen//One™ to customer organizations across the UK and Europe.IGX's STaaS offering combines flexible subscription models for storage consumption of Pure Storage Evergreen//One with IGX technical support and customer success resources.Expansion of the Service into the UK and Europe will enable European organizations to leverage the many benefits from IGX, including:Expedited time to issue resolut
Stifel analyst Matthew Sheerin maintains ePlus (NASDAQ:PLUS) with a Hold and raises the price target from $80 to $90.
ePlus (NASDAQ:PLUS) reported quarterly earnings of $0.93 per share which missed the analyst consensus estimate of $1.17 by 20.51 percent. The company reported quarterly sales of $554.500 million which beat the analyst consensus estimate of $537.833 million by 3.10 percent. This is a 12.66 percent increase over sales of $492.177 million the same period last year.
Stifel analyst Matthew Sheerin maintains ePlus (NASDAQ:PLUS) with a Hold and raises the price target from $70 to $80.
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