…but HubSpot (HUBS) appears to have put its missteps in the rearview mirror as the stock looks to form a new base.
HubSpot’s software-as-a-service helps businesses generate leads and convert sales through the use of search-engine optimization and social media posts.
In the latest quarter, the company earned 3 cents a share vs. a year-ago loss of 11 cents. It was its first quarterly profit since HubSpot went public back in October 2014. While the company is expected to lose 8 cents a share this year, analysts forecast the first full year of profitability to be in 2018, when it earns 20 cents per share.
There is a little chart chat in the article if that is your thing. It is 4 weeks into a flat base, which must be at least 5 weeks to count. $74.90 would be the breakout buy point on volume (if that is you thing)