SVMK (SVMK, $23.80) issues Q1 guidance below analysts' forecasts

SVMK  reported  first-quarter revenue guidance was below analysts’ forecasts.

The survey software company expects revenue of $99.5 million to $101.5 million for the first quarter, compared to the FactSet analyst consensus estimate of $105 million.

In the fourth quarter, the company generated adjusted earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of -$0.02 per share a year ago.

Revenues of $100.98 million for the quarter missed the Zacks Consensus Estimate by -0.03%. It was $84.32 million in the year-ago quarter.

Stifel lowered its price target SVMK shares to $26 from $28, while maintaining its hold rating. According to Stifel analysts, while some SVMK products have potential, it needs “additional evidence of traction in 2021” for it to become more optimistic on the stock. The company’s results were mixed in the fourth quarter, Stifel said.

Credit Suisse has a $27 price target with a neutral rating. SVMK is “on the cusp of a product investment cycle,” which means lower profitability this year, Credit Suisse said.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.