Cision (CISN) Issues FY 2019 Earnings Guidance

Cision (NYSE:CISN) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.82-0.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.86. The company issued revenue guidance of $775-785 million, compared to the consensus revenue estimate of $776.25 million.Cision also updated its Q1 2019 guidance to $0.19-0.20 EPS.

A number of research firms have weighed in on CISN. Zacks Investment Research raised Cision from a sell rating to a hold rating in a report on Thursday, January 24th. Goldman Sachs Group began coverage on Cision in a report on Thursday, January 3rd. They set a neutral rating and a $12.00 target price for the company. Finally, ValuEngine lowered Cision from a buy rating to a hold rating in a report on Tuesday, November 6th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Cision currently has an average rating of Buy and an average target price of $17.73.

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Shares of NYSE CISN traded up $0.12 during midday trading on Friday, hitting $13.14. 7,649 shares of the company’s stock were exchanged, compared to its average volume of 364,726. Cision has a 12-month low of $10.86 and a 12-month high of $18.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 22.96 and a beta of 0.59.

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About Cision

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.

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