TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Prophecy International Holdings Ltd ( (AU:PRO) ) just unveiled an announcement.
Prophecy International Holdings Ltd has conducted a business performance review, focusing on its Snare product, which has experienced higher churn rates and reduced sales activity, particularly in the US. The company is taking measures to address these issues, including cost-saving initiatives and promoting new Snare releases. Despite these challenges, Prophecy remains optimistic about Snare’s long-term prospects and the potential of its channel partnerships. Additionally, the company is undergoing a merger with Complexica Pty Ltd, which may have implications for its business operations.
The most recent analyst rating on (AU:PRO) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Prophecy International Holdings Ltd stock, see the AU:PRO Stock Forecast page.
More about Prophecy International Holdings Ltd
Prophecy International Holdings Limited (ASX:PRO) is an Australian company specializing in the design and development of innovative business software. The company offers two main products: Snare, a platform for Centralised Log Management and Security Analytics, and eMite, a SaaS-based analytics platform for contact center environments. Prophecy serves the global markets of Cloud Data Management, Contact Centre Analytics, and Cyber Security.
Average Trading Volume: 59,271
Technical Sentiment Signal: Sell
Current Market Cap: A$25.44M
For detailed information about PRO stock, go to TipRanks’ Stock Analysis page.