Logistics technology solutions company Descartes Systems (NASDAQ:DSGX) said it has been selected to provide business-to-business (B2B) communications solution to Smartwares, a consumer goods company offering design-oriented home essentials.
Descartes’ cloud-based Messaging Gateway will be deployed to support Smartwares’ logistics operations. Descartes (NASDAQ:DSGX) was flat in U.S. pre-market trading on Monday and closed at $14.08 Friday regular hours.
Descartes has a 52-week high of $15.71 and a p/e ratio of 62.09. The company has a market cap of 896 million and 63.66 outstanding shares. Institutions own 67% of the stock.
Of the analysts covering the stock, 8 have a BUY rating while 2 have a HOLD. The consensus price target is $14.06 which offers a .17% downside.
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