Descartes Systems Gr Azioni (NASDAQ: DSGX)

Ultime notizie per Descartes Systems Gr (NASDAQ:DSGX) Azioni

Descartes Systems Gr

Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

The Descartes Systems Group Inc. - Common Stock

The Descartes Systems Group Inc

The maximum amount payable under the all-cash performance-based earn-out is US&nbsp;$20 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.

News

DSGX

Descartes Acquires New Jersey-Based Sellercloud For Up-front Consideration Of Approximately $110M Satisfied From Cash On Hand, Plus Additional Potential Performance-based Consideration

National Bank Financial Inc analyst John Shao initiates coverage on Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Outperform rating and announces Price Target of $125.

Price Target

Initiation

Analyst Ratings

National Bank Financial Inc Initiates Coverage On Descartes Systems Gr with Outperform Rating, Announces Price Target of $125

Descartes Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dsgx#NASDAQ">DSGX</a>) recently expanded its portfolio with the acquisition of Assure Assist, Inc., operating as MyCarrierPortal (&quot;MCP&quot;). MCP is renowned for its carrier onboarding and risk monitoring solutions for the trucking industry, enabling freight brokers and shippers to manage their carrier networks efficiently. The initiative is aimed at bolstering DSGX&#39;s capabilities in fraud prevention and compliance within the trucking industry.
Descartes&#39; acquisition of MCP involves an up-front consideration of $24 million in cash, with the potential for an additional $6 million in performance-based consideration. This earn-out depends on the joined forces achieving specific revenue-growth targets over the next two years, with payouts expected in fiscal 2026 and fiscal 2027.
Over the past years, the trucking industry has witnessed a surge in carrier fraud and cargo theft. Due to this, there has been a heightened demand for robust solutions that help brokers and shippers navigate these logistics challenges. MCP&#39;s platform streamlines the complex task of onboarding carriers, gathering and screening their information to ensure compliance with industry regulations. By scrutinizing truck carriers for legitimacy, insurance coverage and safety records, MCP helps freight brokers mitigate risks in transporting goods.
<h2>Merging DSGX MacroPoint FraudGuard Tool With MCP Solution</h2>
The cutting-edge solution, when paired with MCP&#39;s onboarding and risk-monitoring solution, creates a swift process where carriers are examined, monitored and tracked in real-time. In addition, any fraudulent activities observed during the onboarding or monitoring phases are immediately addressed, allowing brokers and shippers to take quick action and minimize potential risks.
Descartes MacroPoint, a solution that provides real-time visibility and tracking of shipments, has been a powerful tool for brokers and shippers. With the addition of the FraudGuard feature in April 2024, it enables customers to detect and prevent fraudulent carrier activities more effectively. Carriers can seamlessly integrate with the solution via GPS-based electronic logging devices, transportation management systems, or mobile app-based tracking methods.
The transportation industry is currently dealing with two of the most pressing issues - carrier fraud and cargo theft. DSGX&#39;s latest deal not only addresses critical challenges in the logistics industry but also improves overall supply chain performance by empowering freight brokers and shippers seeking robust Know-Your-Carrier capabilities. MCP&#39;s platform complements Descartes&#39; existing investments in logistics technology, enabling customers to manage the entire lifecycle of shipments in a secure, efficient manner.
<h2>DSGX&#39;s Strategic Buyouts Buoying Revenues</h2>
Acquisition and innovation remain at the forefront of Descartes to foster top-line growth. In the last reported quarter, DSGX revenues soared 14% year over year to $163.4 million, beating the Zacks Consensus Estimate by 2.8%. Synergies stemming from the acquisition of BoxTop Technologies during the quarter, along with OCR and Thyme ASD buyouts settled in the fiscal first quarter with GroundCloud and Localz acquisition in 2024, drove the top-line performance.
In June 2024, it acquired England-based BoxTop Technologies Limited for $13 million (or &pound;10.25 million) in an all-cash transaction. The acquisition will integrate BoxTop solutions with its Global Logistics Network platform. The initiative is likely to broaden the network&#39;s reach and capabilities, providing customers with even greater efficiency and visibility across their supply chains.
However, uncertainty prevailing over global macroeconomic conditions, geopolitical instability and volatile supply-chain issues remain headwinds.
Based in Canada, Descartes provides software-as-a-service logistics solutions to businesses, including transportation and logistics, manufacturing, retail and healthcare.
<h2>DSGX&#39;S Zacks Rank &amp; Stock Price Performance</h2>
At present, DSGX has a Zacks Rank #4 (Sell). Its shares have gained 36.8% compared with the sub-industry&#39;s growth of 29.4% in the past year.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3d/78446.jpg?v=2012701630" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>), Arista Networks, Inc. and Ubiquiti Inc.&nbsp;HLIT and UI sport a Zacks Rank #1 (Strong Buy), whereas ANET carries a Zacks Rank #2 (Buy) each at present.
Harmonic enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. HLIT delivered a trailing four-quarter average earnings surprise of 32.5%.
Ubiquiti company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.
Arista Networks supplies products to a prestigious set of customers, including Fortune 500 global companies in markets like cloud titans, enterprises, financials and specialty cloud service providers. It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
<a href="https://www.zacks.com/stock/news/2338545/descartes-expands-product-portfolio-with-24m-mycarrierportal-buyout?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338545">To read this article on Zacks.com click here.</a>

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HLIT

Descartes Expands Product Portfolio With $24M MyCarrierPortal Buyout

MyCarrierPortal is a provider of carrier onboarding and risk monitoring solutions for the trucking industry.
The maximum amount payable under the all-cash performance-based earn-out is $USD 6 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.

Descartes Acquires Assure Assist, Inc., Doing Business As MyCarrierPortal For Up-front Consideration Of $24M Satisfied With Cash On Hand, Plus Potential Performance-based Consideration

BMO Capital analyst Thanos Moschopoulos maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Market Perform and raises the price target from $100 to $104.

BMO Capital Maintains Market Perform on Descartes Systems Gr, Raises Price Target to $104

RBC Capital analyst Paul Treiber reiterates Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Outperform and maintains $115 price target.

Reiteration

RBC Capital Reiterates Outperform on Descartes Systems Gr, Maintains $115 Price Target

Barclays analyst Raimo Lenschow maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Underweight and raises the price target from $87 to $88.

Barclays Maintains Underweight on Descartes Systems Gr, Raises Price Target to $88

Descartes Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.39 by 2.56 percent. This is a 25 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $163.43 million which beat the analyst consensus estimate of $156.85 million by 4.19 percent. This is a 13.97 percent increase over sales of $143.39 million the same period last year.

Earnings Beats

Descartes Systems Q2 2025 GAAP EPS $0.40 Beats $0.39 Estimate, Sales $163.43M Beat $156.85M Estimate

Solar Coca-Cola Boosts Distribution Performance With Descartes' Advanced Routing Solution

U
Descartes Systems Group (TSX:<a class="ticker" href="https://www.benzinga.com/stock/DSG#TSX">DSG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited (&quot;BoxTop&quot;), a leading provider of shipment management solutions for small- to mid-sized logistics services providers (&quot;LSPs&quot;).
Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop is an existing Descartes partner, leveraging the Descartes Global Logistics Network (&quot;GLN&quot;) to help their clients gain visibility into shipments across multiple modes of transportation and to complete electronic customs filings.

TSX:DSG

Descartes Acquires BoxTop Technologies Which Offers Shipment Management Solutions For Small- To Mid-sized Logistics Services Providers; Financial Terms Undisclosed

Scotiabank analyst Paul Steep maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Sector Outperform and raises the price target from $100 to $104.

Scotiabank Maintains Sector Outperform on Descartes Systems Gr, Raises Price Target to $104

Raymond James analyst Steven Li maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Market Perform and raises the price target from $94 to $96.

Raymond James Maintains Market Perform on Descartes Systems Gr, Raises Price Target to $96

WIIM

Descartes Systems shares are trading lower following Q1 earnings.

TD Securities analyst Daniel Chan maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Buy and raises the price target from $110 to $115.

TD Securities Maintains Buy on Descartes Systems Gr, Raises Price Target to $115

CIBC analyst Stephanie Price maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Outperformer and raises the price target from $101 to $108.

CIBC Maintains Outperformer on Descartes Systems Gr, Raises Price Target to $108

Stephens &amp; Co. analyst Justin Long maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Overweight and raises the price target from $107 to $110.

Stephens & Co. Maintains Overweight on Descartes Systems Gr, Raises Price Target to $110

BMO Capital analyst Thanos Moschopoulos maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Market Perform and raises the price target from $94 to $100.

BMO Capital Maintains Market Perform on Descartes Systems Gr, Raises Price Target to $100

Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.39 by 2.56 percent. This is a 17.65 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $151.30 million which missed the analyst consensus estimate of $151.43 million by 0.09 percent. This is a 10.75 percent increase over sales of $136.61 million the same period last year.

Descartes Systems Gr Q1 EPS $0.40 Beats $0.39 Estimate, Sales $151.30M Miss $151.43M Estimate

Barclays analyst Raimo Lenschow maintains Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Underweight and raises the price target from $75 to $87.

Barclays Maintains Underweight on Descartes Systems Gr, Raises Price Target to $87

Redburn Atlantic analyst Lachlan Brown initiates coverage on Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) with a Neutral rating and announces Price Target of $90.

Redburn Atlantic Initiates Coverage On Descartes Systems Gr with Neutral Rating, Announces Price Target of $90

Descartes System: Recurring Revenues, Strong Financials And M&A Approach (Rating Upgrade)

Descartes acquires Sellercloud for ~$110M plus performance-based consideration

The Descartes Systems Group (TSE:DSG) has released an update. The Descartes Systems Group has expanded its ecommerce capabilities by acquiring Sell...

Descartes Systems Enhances Ecommerce with Sellercloud Buy

William Blair analyst Dylan Becker has maintained their bullish stance on DSGX stock, giving a Buy rating on October 9. Dylan Becker has given his ...

Buy Rating Affirmed for Descartes Systems Group Amid Strategic Acquisitions and Enhanced E-commerce Capabilities

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SolarWinds (SWI – Research Report), The Descartes ...

Analysts' Opinions Are Mixed on These Technology Stocks: SolarWinds (SWI), The Descartes Systems Group (DSGX) and Box (BOX)

The Descartes Systems Group (TSE:DSG) has released an update. The Descartes Systems Group has strengthened its ecommerce suite by acquiring Sellerc...

Descartes Systems Expands Ecommerce Offerings with Sellercloud Acquisition

In a report released today, Kevin Krishnaratne from Scotiabank assigned a Buy rating to The Descartes Systems Group (DSGX – Research Report), with ...

The Descartes Systems Group (DSGX) Receives a Buy from Scotiabank

In a report released on October 22, Paul Treiber from RBC Capital maintained a Buy rating on The Descartes Systems Group (DSGX – Research Report), ...

The Descartes Systems Group (DSGX) Receives a Buy from RBC Capital

Conestoga Capital Advisors Q3 2024 Quarterly Commentary

Scotiabank raised the firm's price target on Descartes Systems (DSGX) to $120 from $104 and keeps an Outperform rating on the shares. While the fir...

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Ultime notizie per Descartes Systems Gr (NASDAQ:DSGX) Azioni

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