Technical Report on ARI Network Services Inc (NASDAQ:ARIS)

[Globe Newswire] ARI Network Services Inc (NASDAQ:ARIS)(TREND ANALYSIS) announced that Roy W. Olivier, ARI President & CEO, and Bill Nurthen, ARI Chief Financial Officer, will present at the 16th Annual B. Riley & Co. Investor Conference May 12, 2015. The conference is being held May 12-14, 2015 at the Loews Hollywood Hotel, in Los Angeles, Calif.

ARI’s presentation is scheduled to begin at 3 pm PT. A live webcast of the presentation can be accessed at the conference website, or at the Company’s investor relations website: investor.arinet.com.

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The company is expected to announce next quarter earnings on June 11, at consensus estimate of $0.02. ARI Network Services Inc (ARIS) reported last quarter earnings on March 05. The Computer Services company announced earnings per share of $0.02 against a consensus Street estimate of $0.01, beating the average estimate by $0.01. This corresponds to an increase of $0.04 compared to the same quarter of the previous fiscal year.

ARI Network Services Inc (NASDAQ:ARIS) is currently trading 28.09% below its 52-week-high, 32.78% above its 52-week-low. The 12-months range for the stock is $2.41 – $4.45. ARI Network Services Inc (ARIS) has a price to earnings ratio of 64 versus Nasdaq average of 20.02. ARIS stock price has underperformed the Nasdaq by 21%. The Computer Services company is currently valued at $0.05 billion and its share price closed the last trading session at $3.2. The stock has a 50-day moving average of $3.38 and a 200-day moving average of $3.51.

ARI Network Services Inc (ARIS) current short interest stands at 0.15 million shares. It has decreased by 16% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.03 million shares, the number of days required to cover the short positions stand at 0.6 day.

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There are currently two analysts that cover ARIS stock. Of those two, two have a Buy rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $4.5.

In term of ownership, company insiders have sold 0.3% of their stock over the last six months while institutions have increased their positions by 0.15%. As a whole, institutions own 64% of the total outstanding shares.

Company profile

ARI Network Services, Inc. provides technology-enabled business solutions for sales, service, and life-cycle product support in the manufactured equipment market. The Company builds and supports a suite of multi-media electronic catalog publishing and viewing software for the Web or CD. ARI’s communications systems provide an electronic pathway for parts orders and product registration.

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