Set for best day in 8 yrs

Hackett group

19/02/2020 19:22

** Shares of technology consulting co  HCKT.O  up 19.8% at
$18.10 - set for best day in nearly 8 yrs
    ** Beats street estimates for Q4 revenue and posts profit in
line with estimates on Tuesday, also forecasts current qtr
profit largely in line with estimates  urn:newsml:reuters.com:*:nASA00DVP
    ** Brokerage Craig-Hallum upgrades to "buy" from "hold",
raises PT by $2 to $20
    ** "We are staring squarely at a growth story after several
quarters of decline," Craig-Hallum says 
    ** HCKT is seeing more and larger deals and has an
attractive win rate, see co's cloud software implementation for
KKR-backed OneStream to help drive growth in 2020- Brokerage
    ** Avg. rating on stock is "buy"; median PT is $20-
Refinitiv data
    ** Stock among top pct gainers on Nasdaq Computer Index
 .IXK 
    ** Stock has gained ~12% so far this year

 (Reporting by Ambhini Aishwarya in Bengaluru)
 ((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223
8780; outside U.S. +91 80 6749 3268;))