|Bid||56.66 x 1800|
|Ask||56.77 x 800|
|Day's Range||56.08 - 57.00|
|52 Week Range||24.35 - 57.00|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||116.19|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||48.81|
Descartes Systems (DSGX) is well positioned to outperform the market, as it exhibits above-average growth in financials.
WATERLOO, Ontario, July 27, 2020 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that dnata, one of the world’s largest air services providers, is deploying Descartes Core Bluetooth Low Energy (BLE)™ readers across its global cargo operations to support the tracking of international mail, parcel and cargo shipments. “We rely on best-in-class facilities and state-of-the-art cargo handling technologies to provide over 150 airlines with premium services for approximately 3 million tonnes of cargo annually,” said Guillaume Crozier, Divisional Vice President Operations and Product Development at dnata. “The innovative Descartes solution is expected to help us further improve service efficiency as we move customers’ cargo smoothly from one destination to another, tracking its progress in real-time the entire way.” Descartes Core BLE™ readers capture the movement of ULDs that have either Descartes or third-party BLE tags attached. The readers are part of the Descartes Core BLE Network™ and a Descartes Global Logistics Network™ service. Shipments can be tracked whether in the air or on the ground via the Descartes Core™ ULD Tracking solution to help air carriers and their partners automate freight tracking and improve asset management by providing real-time visibility of air shipments bundled into a single ULD container or pallet. In addition to location, other sensor-based information such as precise temperature, movement and humidity can be monitored. This data, combined with forecasting of asset location requirements, helps carriers reduce ULD fleet losses, better match capacity with ULD inventory, and reduce the costs associated with misplaced equipment or the requirement to lease additional ULDs.“We’re pleased to help dnata provide customers with complete visibility into their ULD assets by introducing global ULD tracking across its cargo warehouses,” said Scott Sangster, Vice President, Global Logistics Service Providers at Descartes. “Our solution allows air cargo handling agents to increase the value of their network and the overall reach of BLE-enabled tracking locations worldwide, which contributes to more efficient air cargo logistics.”About dnata dnata is one of the world’s largest air services providers. Established in 1959, the company ensures the aviation industry operates smoothly and efficiently at 126 airports. Offering ground handling, cargo, travel, and flight catering services in 35 countries across six continents, dnata is a trusted partner for over 300 airline customers around the world. In the financial year 2019-20 dnata’s customer-oriented teams handled 681,000 aircraft, moved 2.9 million tonnes of cargo and uplifted more than 93 million meals.Gabor Vasarhelyi Public Relations dnata firstname.lastname@example.orgAbout Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.Global Media Contact Cara Strohack Tel: +1(800) 419-8495 ext. 202025 email@example.com firstname.lastname@example.org Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
WATERLOO, Ontario, July 20, 2020 -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced.
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Transportation and logistics software provider Descartes Systems Group has acquired Kontainers, a provider of digital freight platforms that is based in the United Kingdom.Canada-based Descartes announced the acquisition on Thursday, June 11. The deal has a maximum value of $12 million, with $6 million upfront and the remainder to be paid based on performance, Descartes said. "The last few months have shown how quickly the world can change, and the shift to digitization is accelerating as a result," Descartes CEO Edward Ryan said in a statement. "We're looking forward to working with the Kontainers customers, partners and team of domain experts to help the logistics community capitalize on this opportunity," Ryan added.Kontainers is the trade name of Cracking Logistics Limited. Its platforms provide a fully digital customer experience for carriers, freight forwarders and third-party logistics providers. Kontainers also allows users to preserve existing rate management and back-office systems."We've worked very hard with some of the world's top logistics companies to create an optimal digital customer experience," Graham Parker, Kontainers co-founder and former CEO who now serves a vice president for sales at Descartes, said in a statement. Deal comes amid restructuring at Descartes Descartes made the acquisition as it undergoes restructuring to cut costs in response to economic uncertainties connected to the COVID-19 pandemic. The firm disclosed the restructuring — including a 5% reduction in its global workforce — as it reported first-quarter financial results in May.Descartes reported a 51% increase in net income during the first quarter. The acquisition adds to Descartes growing offerings of transportation and logistics software solutions. In February, Descartes acquired UK-based cloud-based warehouse management solutions provider Peoplevox for .5 million. Launched with a focus on the maritime industry, Kontainers has since expanded into other modes. "I wanted to build something that would enable and empower shipping brands," Parker said during a discussion at FreightWaves LIVE Chicago in November 2019.See more from Benzinga * Have Rail Volumes Bottomed Out? * COVID Second Wave Would Slam Ocean Shipping * Musk: It's Time For Tesla Semi To Get On The Road(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Descartes Systems (DSGX) delivered earnings and revenue surprises of 8.33% and -2.21%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Descartes Systems (DSGX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WATERLOO, Ontario, May 07, 2020 -- Descartes Systems Group (TSX: DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to.
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Descartes Systems Group (SLYG) (DSG.TO), the global leader in uniting logistics-intensive businesses in commerce, announced that White Plains, NY-based Capital Logistics, a full service logistics provider with extensive expertise in domestic temperature-controlled transportation, is using the Descartes MacroPoint™ real-time freight visibility solution and the Descartes Aljex™ transportation management system (TMS) to move and track loads for national grocery customers, which have dramatically increased as a result of the COVID-19 pandemic. “As our customers focus on keeping food supply chains functioning, having real-time visibility into the status of critical freight has increased our ability to keep pace with the unpredictable demand grocery stores are experiencing,” said Greg Ackner, Vice President at Capital Logistics.
Descartes Systems Group (SLYG) (DSG.TO), the global leader in uniting logistics-intensive businesses in commerce, announced that Germany’s ANCLA Logistik GmbH, a leading third party logistics services provider, is scaling its use of Descartes’ Ecommerce Warehouse Management (WMS) solution to quickly onboard online retailers who have been impacted by COVID-19. Descartes Ecommerce WMS automates ecommerce processes from the initial receipt to the storage of goods in the warehouse, order processing, outbound shipment execution and returns management.
Descartes Systems Group (SLYG) (DSG.TO), the global leader in uniting logistics-intensive businesses in commerce, announced that Nashville, TN-based BFC Solutions, the largest self-performing, preventive maintenance service provider for commercial HVAC systems in the U.S., is using Descartes Route Planner™ to meet new demands as a result of the COVID-19 pandemic. “As our business has become more fluid during the COVID-19 crisis, the ability to use the Descartes solution to make real-time adjustments is proving even more valuable than we anticipated,” said Mike Massaro, Executive Vice President of Operations at BFC Solutions.
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Circle Logistics, based in Fort Wayne, Indiana, is providing the U.S. Federal Emergency Management Agency (FEMA) and grocery customers with real-time visibility of critical medical supply and grocery shipments across the U.S. using Descartes MacroPoint. The cloud-based Descartes MacroPoint real-time visibility solution gives freight brokers, logistics service providers, and shippers real-time location, status, and estimated time of arrival of their loads.
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The surprising rebound of China freight volumes could bode well for the impact of the coronavirus epidemic on global supply chains, the CEO of Descartes Systems Group (NASDAQ: DSGX) said as the Canadian logistics technology company reported robust increases in profits and revenue in the fourth quarter."We were pleasantly surprised at how quickly the supply chains got back to full movement," CEO Edward Ryan told analysts Wednesday, citing multimodal activity on Descartes' global network in late February.China's recovery is "somewhat encouraging" for the impact of coronavirus on freight elsewhere, Ryan said. So far, Descartes' network has yet to show any troubling volume movements elsewhere linked to the epidemic, he said.But he stressed that the situation could change since uncertainties of the epidemic's impact remain significant."I don't have a crystal ball for how the coronavirus will unfold," he said.Ryan made the comments after Descartes reported net income of $11.4 million, or 13 cents per share, on $325.8 million in revenue for the fourth quarter of fiscal year 2020. The results came in slightly above analysts' expectations of 12 cents per share.Net income grew by 44% and revenue grew by 19% compared to the fourth quarter of fiscal year 2019.Descartes' prospects for the year remain solid, Ryan said. He noted that "customers will need us more than ever" with numerous challenges for supply chains, including coronavirus."We've done pretty well in these environments," he said.Ontario-based Descartes is primarily a software-as-a-service provider. It offers an array of solutions for carriers, logistics providers, shippers and government entities.The company acquired Peoplevox, a cloud-based e-commerce warehouse management provider, in February.Image Sourced from PixabaySee more from Benzinga * US, Europe Backhaul Box Rates Rise On Coronavirus * SaaS Capital Announces 3Gtms Has Acquired Portfolio Company Pacejet * Morgan Olson Hopes To Take Class 2 By Storm(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Global Logistics Network Drives Record Revenues WATERLOO, Ontario, March 04, 2020 -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results.
NEW YORK, NY / ACCESSWIRE / March 4, 2020 / The Descartes Systems Group, Inc. (DSGX) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 4, 2020 at ...
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WATERLOO, Ontario, Feb. 27, 2020 -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that.