Benzinga - Sprinklr Inc (NYSE: CXM) reported better-than-expected fourth-quarter results.
Sprinklr said revenue increased 22% year-over-year to $165.33 million, which beat average analyst estimates of $162.77 million. The company reported quarterly earnings of 6 cents per share, which beat estimates of 2 cents per share.
Sprinklr said it sees first-quarter revenue to be between $168 million and $170 million versus estimates of $168.87 million.
The company expects first-quarter adjusted earnings to be flat to 1 cent per share versus estimates of 2 cents per share.
Sprinklr shares jumped 18.3% to $12.88 in today’s pre-market trading session.
These analysts made changes to their price targets on Sprinklr following the release of results.
- JMP Securities raised the price target on Sprinklr from $16 to $20. JMP Securities analyst Patrick Walravens maintained an Outperform rating.
- JP Morgan increased the price target on Sprinklr from $12 to $14. JP Morgan analyst Pinjalim Bora maintained an Overweight rating.
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