Stifel Maintains Hold on ePlus, Raises Price Target to $90
$PLUS
Retail: Computer Software & Peripheral Equipment
Technology
Stifel analyst Matthew Sheerin maintains ePlus (NASDAQ:PLUS) with a Hold and raises the price target from $80 to $90.
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| 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 |
4 - EPLUS INC (0001022408) (Issuer)
4 - EPLUS INC (0001022408) (Issuer)
4 - EPLUS INC (0001022408) (Issuer)
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
SC 13G/A - EPLUS INC (0001022408) (Subject)
SC 13G/A - EPLUS INC (0001022408) (Subject)
SC 13G/A - EPLUS INC (0001022408) (Subject)
Second Quarter Gross Profit And Gross Margin Improved Year Over Year Second Quarter Fiscal Year 2025 • Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million. • Technology business gross billings decreased 5.6% to $808.2 million. • Consolidated gross profit increased 2.5% to $148.0 million. • Consolidated gross margin was 28.7%, compared with 24.6% last year. • Net earnings decreased 4.1% to $31.3 million. • Adjusted EBITDA decreased 2.7% to $52.1 million. • Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP
HERNDON, Va., Nov. 8, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 12, 2024, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 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: November 12, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/569325154 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internationa
Cutting Edge Technology Center Demonstrates Building and Consuming AI Use Cases HERNDON, Va., Nov. 7, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) and Digital Realty today jointly announced a partnership to launch a state-of-the-art AI Experience Center to be hosted in Digital Realty's Innovation Lab located in Ashburn, VA. As one of only 10 NVIDIA DGX-ready managed service providers (MSP) globally, ePlus focuses on accelerating the delivery of AI outcomes, as well as the ongoing optimization of those technologies, which are on full display in the AI Experience Center. Digital Realty is a leading global provider of cloud- and carrier-neutral data center, colocation and interconn
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.
10-Q - EPLUS INC (0001022408) (Filer)
8-K - EPLUS INC (0001022408) (Filer)
SCHEDULE 13G/A - EPLUS INC (0001022408) (Subject)
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
Second Quarter Gross Profit And Gross Margin Improved Year Over Year Second Quarter Fiscal Year 2025 • Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million. • Technology business gross billings decreased 5.6% to $808.2 million. • Consolidated gross profit increased 2.5% to $148.0 million. • Consolidated gross margin was 28.7%, compared with 24.6% last year. • Net earnings decreased 4.1% to $31.3 million. • Adjusted EBITDA decreased 2.7% to $52.1 million. • Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP
HERNDON, Va., Nov. 8, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 12, 2024, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 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: November 12, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/569325154 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internationa
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.