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EGAN Buyback image

eGain Buyback

OLI recorded this information on 11/14/2022

Company: eGain
Buyback: EGAN buyback
$Amount Authorized: $20,000,000
Buyback Details: eGain (Nasdaq: EGAN), the leading AI knowledge platform for customer engagement automation, today announced financial results for its fiscal 2023 first quarter ended September 30, 2022. "We delivered record revenue and top and bottom-line results that exceeded our guidance and street consensus," said Ashu Roy, eGain's CEO. "Inbound interest and market demand remain high for our industry-leading Knowledge Hub, as businesses continue to invest in improving agent experience and customer satisfaction technologies." "We are building a healthy new business pipeline, but in the current economic environment we see sales cycles lengthening, accordingly we are optimizing our growth and profitability targets for full year fiscal 2023 guidance. We remain excited about the tremendous market opportunity. "As such, we are announcing a $20 million stock repurchase plan. Given our strong balance sheet and positive cash flow, we have sufficient reserves to invest in our long-term growth."

eGain provides customer engagement with a knowledge hub, enabled by conversational artificial intelligence and analytics. Co. sells to enterprises across financial services, telecommunications, retail, government, healthcare, and utilities. Co. operates in the U.S., U.K. and India. eGain provides a unified solution organized into eGain Knowledge Hub™, eGain Conversation Hub™, and eGain Analytics Hub™ hubs, to automate, augment and orchestrate customer engagement. Co.'s portfolio of applications enables businesses to connect, solve, and support the experience for agents, businesses and customers.
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EGAN — Key Stats (updated 13 hours, 44 minutes ago)
Company Name:  eGain Corp
Stock buyback:  EGAN buyback
Website:  www.egain.com
Sector:  Application Software
Number of ETFs Holding EGAN:  13
Total Market Value Held by ETFs:  $13.32M
Total Market Capitalization:  $195.00M
% of Market Cap. Held by ETFs:  6.83%
 

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May 1, 2024  •  12:20 AM Eastern
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Avg. Broker Rec.

Buy (3.00 out of 4)
30th percentile
(ranked lower than approx. 70% of all stocks covered)

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