By late afternoon, shares had surged 20.3% to $8.17.
For its third quarter ended January, the enterprise software developer reported a net loss of 4 cents a share. Analysts surveyed by Thomson Reuters had forecast a net loss of 6 cents a share.
Revenue of $48 million was 12.4% higher year over year and beat consensus by $1.43 million.
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TheStreet Ratings team rates BAZAARVOICE INC as a Sell with a ratings score of D. The team has this to say about their recommendation:
"We rate BAZAARVOICE INC (BV) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share."
- You can view the full analysis from the report here: BV Ratings Report