ShotSpotter surges on beat-and-raise report

Soundthinking

12/05/2021 16:43

** ShotSpotter Inc  SSTI.O  surges 26.1% to $38.90 after
gunshot detection software firm beats expectations, hikes
forecast
    ** Stock on track for biggest one-day pct gain since Aug 7
    ** Co late Tues posted Q1 rev and profit above Wall Street
estimates, per Refinitiv data, driven by new city and expansion
projects for law enforcement  urn:newsml:reuters.com:*:nGNX5RNVrb
    ** Boosts full-year 2021 rev guidance to $60-$61 mln, up
from prior forecast of $58-$60 mln
    ** In reaction to report, Craig-Hallum upgrades stock to
"buy" from "hold", raises PT by $5 to $45
    ** With move on Weds, stock up ~3% YTD. Shares off >25% from
Feb 2021 highs

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))