Wolfe Research lowered The Descartes Systems Group from an "outperform" rating to a "peer perform" rating in a research report on Thursday, November 17th. This story was reviewed by MarketBeat's editorial team prior to publication. Fred Alger Management LLC acquired a new position in The Descartes Systems Group during the 3rd quarter valued at approximately $30,000. Descartes Systems Group is registered under the ticker NASDAQ:DSGX . The Company's software-as-a-service solutions are used by . Maximize margins, find new prospects and vet trading partners through an extensive array of global trade, duties, tariffs and restricted party data and services. Company Type For Profit. View the latest Descartes Systems Group Inc. (DSGX) stock price, news, historical charts, analyst ratings and financial information from WSJ. Descartes' Logistics Technology Platform digitally combines the world's most expansive logistics network with the industry's broadest array of logistics management applications and most comprehensive offering of global trade related intelligence. Number of Exits 1. | Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand . Does This Acquisition Make Microsoft a Bear Market Buy? Canaccord Genuity Group lifted their target price on The Descartes Systems Group from $74.00 to $77.00 and gave the stock a "buy" rating in a research report on Thursday, September 8th. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Uniting the People & Technology That Move the World. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless . The software-as-a-service solutions provider reported a . It has offices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Should you invest $1,000 in The Descartes Systems Group right now? Identify stocks that meet your criteria using seven unique stock screeners. REVEALED (553% in ONE DAY!) The stock's 50 day moving average is $68.70 and its two-hundred day moving average is $67.52. Learn more at. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. "[14], In December, 2013, Descartes was added to the S&P/TSX Composite Index, an index of the stock (equity) prices of the largest companies on the Toronto Stock Exchange. .cls-1{fill:#565656;} The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Stephens lifted their target price on The Descartes Systems Group from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, December 8th. The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close . The core product is the Global Logistics Network, which is best . The Descartes Systems Group had a return on equity of 8.94% and a net margin of 19.37%. Should You Store Your Capital in Pure Storage Stock? About The Descartes Systems . With global customers, its vital that we develop solutions that have a profound positive environmental impact on our planet. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. describing this as "one of the most dramatic turnarounds in Canadian corporate history. Tyson Foods: Growth and Momentum at a Reasonable Price, Ready for a Recession? Descartes Systems Group has a market capitalization of CA$6.4b, so it's too big to fly under the radar. The Company's solutions are cloud-based and are focused on the productivity, performance, and security of logistics-intensive businesses. The company's EPS is expected to grow 11% this year, crushing the . Post all open positions on our careers website. Descartes Systems Group EPS Beats Expectations, Revenues Fall Short Revenue missed analyst estimates by 2.0%. By publishing this information and investigating the reports received, we aim to try to prevent scammers from carrying out fraudulent activity against individuals who are legitimately interested in joining Descartes. (Ad). Descartes Systems Group annual/quarterly revenue history and growth rate from 2010 to 2022. [84], Descartes holds an annual logistics technology conference for its users and partners. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. [27][8][18][28][29] By acquiring niche technology companies, Descartes has expanded its line of logistics software and services, enlarged its customer base, and extended its business geographically.[7][18][30][31][32]. In-depth profiles and analysis for 20,000 public companies. Descartes Unites the People and the Technology That Move the World. StockNews.com upgraded The Descartes Systems Group from a "hold" rating to a "buy" rating in a report on Monday, December 12th. American Consumer News, LLC dba MarketBeat 2010-2023. /*-->696,000 tonnes of CO2, 2.84 billion sheets of paper and 1086 million liters of fuel. Rates & Tariff System; About . The Company's solutions are cloud-based and are focused on the productivity, performance, and security of logistics-intensive businesses. As a group, sell-side analysts anticipate that The Descartes Systems Group will post 1.11 EPS for the current year. [6][13][14], The company returned to profitability in 2005,[15] with one analyst[who?] [10][11] The company cut 35% of its workforce[12] and initiated a sweeping transformation of its corporate culture under CEO Arthur Mesher, who was appointed in 2005. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Rating) (TSE:DSG) has earned a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. As we strive to continuously improve our business, we aim to measure both our own progress and the success of our customers. The company had revenue of $121.47 million for the quarter, compared to the consensus estimate of $123.10 million. It is also known as one of the earliest logistics technology companies to adopt an on-demand business model and sell its software as a service (SaaS) via the Internet. [5] Descartes share price peaked during the dot-com bubble and then fell precipitously in the subsequent crash. Here's One Defensive Stock You Can't Miss. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Descartes commissioned a study of over 8,000 consumers across nine European countries, Canada and the United States to provide retailers and logistics organizations with critical insights into the importance of sustainability in consumer purchase and delivery decisions and how perspectives vary by age and geography. Groupe Descartes Services T.DSG stock up $0.68 to $71.47. Descartes is the global leader in providing on-demand, software-as-a-service solutions for logistics-intensive businesses. [83], Companies use the network to oversee shipping orders, file customs paperwork, comply with security regulations, share information across international supply chains, and automate logistics processes. Descartes' Solutions are Powered by Our Logistics Technology Platform. The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Given Nutanix's stronger consensus rating and higher possible upside, research analysts plainly believe Nutanix is more favorable than The Descartes Systems Group. Digitize back office and agent operations to streamline and optimize shipment management, customs compliance, accounting, and customer relationship management solutions. While the historical EPS growth rate for Descartes Systems is 31.5%, investors should actually focus on the projected growth. The Descartes Systems Group has a 52-week low of $56.19 and a 52-week high of $83.65. Captrust Financial Advisors boosted its position in The Descartes Systems Group by 270.8% during the 2nd quarter. (844) 978-6257. Headquartered in Waterloo, Ontario, Canada, Descartes is a publicly traded company with shares listed on the NASDAQ Stock Market (NASDAQ: DSGX) and Toronto Stock Exchange (TSX: DSG). A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSGX. Posted 2:09:34 AM. 326 E 8th St #105, Sioux Falls, SD 57103 Last SEC data release: 2022-12-14; Last 15 days FTD volume: $0.6 M; Last 3 months FTD volume: $11.92 M; Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Reported EPS is $0.31, expectations were $0.27. Improve fleet productivity, compliance, and customer service with advanced and integrated optimized planning, dispatch, mobile, telematics, and driver/vehicle performance management solutions. Connect to hundreds of thousands of parties globally through a digital network to communicate and collaborate more efficiently. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Institutional investors and hedge funds own 80.35% of the company's stock. Sie knnen Ihre Einstellungen jederzeit ndern. Is First Solar Stock is Flying Too Close to the Sun? Should You Warm up to Generac Stock for the Winter? The environment is becoming an increasingly important issue to consumers. Can Duke Energy Stock Continue Powering Higher? The Descartes Systems Group Inc. is a Canada-based technology company that is engaged in providing on-demand, software-as-a-service solutions. If you did not go through this process, please be on alert for fraudulent activity. Legal Name Descartes Systems Group, Inc. Stock Symbol NASDAQ:DSGX. Descartes Logistics Technology Platform digitally combines the worlds most expansive logistics network with the industrys broadest array of logistics management applications and most comprehensive offering of global trade related intelligence. The company has a market capitalization of $5.91 billion, a PE ratio of 65.09 and a beta of 1.03. As part of the Descartes team, you will have the opportunity to work with globally recognized market leaders who take pride in delivering quality services and market-leading innovations. The Descartes Systems Group (NASDAQ:DSGX - Get Rating) (TSE:DSG) last posted its quarterly earnings data on Wednesday, December 7th. Descartes combines innovative technology, powerful trade intelligence, and the reach of our global network to deliver the industrys most complete offering of cloud-based logistics and supply chain management solutions. [7][8][9] After years of losses, Descartes came close to bankruptcy in 2004,[6][7] prompting it to aggressively restructure. Acquisitions going back to 2006 are listed below. We nurture a TEAM-focused culture that prioritizes work-life balance and personal development for professional rewards. Descartes Systems Group | 28,679 followers on LinkedIn. Get daily stock ideas from top-performing Wall Street analysts. 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This success fuels the investment and passion for our future. The Descartes Systems Group Inc. (commonly referred to as Descartes) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud -based services for logistics businesses. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Thought leadership and customer success stories highlighting the strategies, tactics, technologies and best practices that will transform your organizations performance. While The Descartes Systems Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Key failure to deliver metrics for Descartes Systems , CUSIP: 249906108. Descartes Systems Group, Inc. is a Massachusetts Foreign Corporation filed on March 12, 2013. Reported EPS is $0.31, expectations were $0.27. 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[16], By January, 2015, Descartes had posted 41 straight profitable quarters[17] and was supplying logistics software and services to more than 10,000 logistics-centric businesses,[18] such as ground transportation companies, airlines, ocean carriers, freight forwarders, manufacturers, distributors, and retailers. Get short term trading ideas from the MarketBeat Idea Engine. Descartes (also known as The Descartes Systems Group) is a company developing cloud-based logistics and supply chain management process solutions. Our daily ratings and market update email newsletter. Descartes treats fraudulent matters seriously. Earnings per share (EPS) exceeded analyst estimates by 13%. Sageworth Trust Co of South Dakota now owns 450 shares of the technology company's stock valued at $28,000 after purchasing an additional 263 shares during the period. The Descartes Systems Group Inc. is a Canada-based technology company that is engaged in providing on-demand, software-as-a-service solutions. We hold ourselves and each other accountable to what we do and how we do it. Export data to Excel for your own analysis. Finally, EverSource Wealth Advisors LLC acquired a new position in The Descartes Systems Group during the 2nd quarter worth $53,000. We heavily invest in the continuous learning, coaching, and improvement of every person who has committed their time to help us succeed. So, what are retailers doing to address sustainability? The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Before you consider The Descartes Systems Group, you'll want to hear this. Ten Starter Stocks For Beginners to Buy Now, Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 89% of employees would recommend working at Descartes Systems to a friend and 82% have a positive outlook for the business. Is Now Time For Dick's Sporting Goods Stock To Shine? Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive . View which stocks are hot on social media with MarketBeat's trending stocks report. Operator: Welcome to The Descartes Systems Group Quarterly Results Call. 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