Shares of software maker Anaplan (NYSE:PLAN) have surged higher on Wednesday after the company’s earnings and revenue for the second quarter topped analysts estimates.
In the company’s earnings report it stated that it lost 4 cents a share vs last year’s 12 cents per share loss during the same period, after analysts had predicted another 12 cents per share loss.
Anaplan’s second-quarter revenue came in at $106.5 million, representing a 26% rise from the same period last year.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Anaplan’s share price…
After its Q2 earnings report was made public, shares in Anaplan skyrocketed, trading as high as $62.37. They are currently trading at $61.48, a 28.57% rise so far on Wednesday.
Looking ahead, the company stated that its total revenue is expected to be between $109 and $110 million for its third-quarter fiscal 2021, with revenue for the full-year fiscal 2021 expected between $437 and $439 million.
“Businesses need an agile digital connected planning platform in today’s challenging environment. We are at the forefront of offering real-time, valuable business performance insights, providing a competitive advantage to our customers,” said Chief Executive Officer at Anaplan, Frank Calderoni.
“I’m pleased with our progress this quarter, and we are confident in the long-term market opportunity for Connected Planning.”
