Stock of The Day: Could Guidance Software, Inc. Change Direction After Touching 52-Week High?

Stock of The Day: Could Guidance Software, Inc. Change Direction After Touching 52 Week High?

The stock of Guidance Software, Inc. (NASDAQ:GUID) hit a new 52-week high and has $12.06 target or 85.00% above today’s $6.52 share price. The 9 months bullish chart indicates low risk for the $221.05M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $12.06 price target is reached, the company will be worth $187.89M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 45,003 shares traded hands. Guidance Software, Inc. (NASDAQ:GUID) has risen 45.68% since April 15, 2016 and is uptrending. It has outperformed by 41.05% the S&P500.

Guidance Software, Inc. (NASDAQ:GUID) Ratings Coverage

Out of 5 analysts covering Guidance Software (NASDAQ:GUID), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Guidance Software has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Imperial Capital upgraded it to “Outperform” rating and $7 target price in Friday, November 11 report. The firm earned “Buy” rating on Monday, August 3 by Gabelli. The stock of Guidance Software, Inc. (NASDAQ:GUID) has “Buy” rating given on Wednesday, November 16 by TH Capital. Roth Capital initiated the stock with “Buy” rating in Wednesday, November 16 report. The rating was maintained by Benchmark with “Hold” on Friday, July 31. As per Wednesday, August 5, the company rating was downgraded by Zacks. Benchmark upgraded Guidance Software, Inc. (NASDAQ:GUID) on Tuesday, November 3 to “Buy” rating. Benchmark maintained the shares of GUID in a report on Friday, February 12 with “Buy” rating. The firm has “In-Line” rating given on Thursday, November 12 by Imperial Capital. Benchmark maintained Guidance Software, Inc. (NASDAQ:GUID) rating on Friday, May 6. Benchmark has “Buy” rating and $7 price target.

According to Zacks Investment Research, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey.”

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.12, from 1.32 in 2016Q1. The ratio turned negative, as 8 funds sold all Guidance Software, Inc. shares owned while 17 reduced positions. 6 funds bought stakes while 24 increased positions. They now own 15.35 million shares or 1.01% less from 15.51 million shares in 2016Q1.
Tensile Cap Mngmt Llc, a California-based fund reported 1.23 million shares. Moreover, Alliancebernstein Lp has 0% invested in Guidance Software, Inc. (NASDAQ:GUID) for 23,200 shares. Moreover, Rbf Ltd Llc has 0.02% invested in Guidance Software, Inc. (NASDAQ:GUID) for 16,019 shares. New York State Common Retirement Fund, a New York-based fund reported 35,400 shares. California State Teachers Retirement has invested 0% of its portfolio in Guidance Software, Inc. (NASDAQ:GUID). Rgm Capital Limited Liability Corp accumulated 3.88 million shares or 2.89% of the stock. Summit Secs Grp Lc holds 0.07% of its portfolio in Guidance Software, Inc. (NASDAQ:GUID) for 20,785 shares. Northern Trust Corporation reported 258,553 shares or 0% of all its holdings. Boston Prtn last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Commerce Na owns 169,160 shares or 0% of their US portfolio. Blackrock Fund Advisors reported 587,371 shares or 0% of all its holdings. True Bearing Asset Mngmt L P accumulated 1.91% or 58,613 shares. Blackrock holds 1,290 shares or 0% of its portfolio. Bankshares Of Montreal Can accumulated 543 shares or 0% of the stock. Moreover, Rhumbline Advisers has 0% invested in Guidance Software, Inc. (NASDAQ:GUID) for 20,500 shares.

Insider Transactions: Since October 31, 2016, the stock had 0 insider buys, and 1 sale for $17,095 net activity. Shares for $17,095 were sold by Gomez Alfredo.

More news for Guidance Software, Inc. (NASDAQ:GUID) were recently published by: Zacks.com, which released: “Can The Uptrend Continue for Guidance Software (GUID)?” on November 15, 2016. Marketwired.com‘s article titled: “Founder Raises Questions About Consulting Agreement Between Guidance Software …” and published on February 25, 2016 is yet another important article.

GUID Company Profile

Guidance Software, Inc., incorporated on November 17, 2006, is a technology company. The Firm is a well-known provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company’s services and products provide the investigative and forensic services to enables its clients to search, collect, and analyze electronically stored information in order to address and remediate suspicious network activity and respond to security breaches, litigation, human resources matters, regulatory requests, allegations of fraud, and to defend their organizations’ digital assets. The Company’s products are used in various circumstances, including investigations of security breaches, allegations of fraud or misconduct, intellectual property theft, regulatory and data privacy compliance reporting, and corporate policy compliance.

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