Agora (NASDAQ:API) Posts Earnings Results, Beats Estimates By $0.06 EPS

Agora (NASDAQ:API) posted its quarterly earnings results on Sunday. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06, reports. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $29.70 million. Agora had a return on equity of 0.28% and a net margin of 0.61%. The business’s revenue for the quarter was up 74.3% on a year-over-year basis.

NASDAQ:API traded down $5.74 during mid-day trading on Tuesday, hitting $73.21. The stock had a trading volume of 154,341 shares, compared to its average volume of 2,188,054. Agora has a twelve month low of $33.60 and a twelve month high of $114.96. The company’s 50 day simple moving average is $66.56 and its 200 day simple moving average is $49.05.

API has been the subject of a number of research reports. Zacks Investment Research upgraded Agora from a “sell” rating to a “hold” rating in a report on Wednesday, January 20th. China Renaissance Securities started coverage on Agora in a report on Tuesday, January 5th. They issued a “buy” rating for the company. 86 Research started coverage on Agora in a report on Monday, November 2nd. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Needham & Company LLC decreased their price objective on Agora from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.40.

About Agora

Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. Its RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. The company's enterprise-grade products include Real-Time Video, Real-Time Voice, Live Interactive Video and Audio Streaming, Real-Time Messaging, Real-Time Recording, Real-Time Streaming Acceleration, and various use case products that serves as building blocks for developers to embed the respective functions in applications.

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Earnings History for Agora (NASDAQ:API)

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