CNET también está disponible en español.

Ir a español

Don't show this again

Best Black Friday 2020 deals PS5 restock Xbox Series X in stock HomePod Mini vs. Echo Dot vs. Nest Mini Tile Black Friday Best Amazon Black Friday deals Best Black Friday Apple deals

BMC Software wilts on 2Q results, downgrades

BMC Software shares fell $1.31, or 7 percent, to $17.13 Wednesday after a pair of analysts downgraded the stock following its lackluster second-quarter earnings report.

On Tuesday, BMC (Nasdaq: BMCS) posted a second-quarter profit of $27.9 million, or 11 cents a share, on sales of $323 million.

First Call Corp. consensus expected the software developer to earn 11 cents a share in the quarter.

However, the $323 million in sales marked a 22 percent decline from the year-ago period when it pocketed $110.4 million, or 44 cents a share, on sales of $415.7 million.

On Wednesday, ABN AMRO cut the stock from a "buy" recommendation to "outperform" while CIBC World Markets slashed it from a "buy" to a "hold" rating.

Including a variety of one-time charges, BMC lost $12.5 million, or 5 cents a share, in the quarter.

"The second quarter of our fiscal 2001 presented us with challenges similar to those that we experienced during the first quarter," said CEO Max Watson in a prepared release. "We continue to see a reluctance among customers to commit to large enterprise license transactions as the mainframe market remains soft."

BMC shares rallied up to a 52-week high of $86.63 in January before falling to a low of $13 earlier this month.

Fifteen of the 26 analysts following the stock rate it a "hold."