Overview
- Q3 adjusted EPS came in at $0.72 versus the $0.54 consensus, with revenue at $416 million versus $406.3 million expected.
- GAAP EPS was $0.42, up 27% year over year, and quarterly free cash flow rose to $88 million.
- Management guided fourth-quarter EPS above estimates and now targets full-year EPS of $1.22 to $1.26.
- The company forecasts full-year free cash flow of $260 million to $280 million and expects revenue to decline 2% to 4% year over year, with recurring revenue down 1% to 3%.
- Shares spiked from a 14.6% premarket gain to about 26.5% intraday, and coverage noted post-rally valuation near a 21x P/E and roughly 9.2x price-to-free-cash-flow.