Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / DAVA - Endava: Downgraded To Hold As Outlook And Execution Became Very Uncertain

DAVA - Endava: Downgraded To Hold As Outlook And Execution Became Very Uncertain

Endava plc American Depositary Shares

2024-03-21 22:19:35 ET

Summary

  • Endava Plc's revenue in 2Q24 was down 10.6%, and gross margin and EBIT margin also saw major declines.
  • I have become more conservative in modeling the business and have downgraded my rating from buy to hold.
  • The weak revenue outlook, lower utilization rate, and integration challenges with GalaxE contribute to the poor near-term outlook for Endava.

Summary

For further details see:

Endava: Downgraded To Hold As Outlook And Execution Became Very Uncertain
Stock Information
Company Name: Endava plc American Depositary Shares
Stock Symbol: DAVA
Market: NYSE
Website: endava.com
Menu
DAVA DAVA Quote DAVA Short DAVA News DAVA Articles DAVA Message Board
Get DAVA Alerts

News, Short Squeeze, Breakout and More Instantly...