Descartes Systems traded at 89.28 this Wednesday February 11th, decreasing 4.81 or 5.11 percent since the previous trading session. Looking back, over the last four weeks, Descartes Systems lost 27.42 percent. Over the last 12 months, its price fell by 45.13 percent. Looking ahead, we forecast Descartes Systems to be priced at 89.04 by the end of this quarter and at 82.73 in one year, according to Trading Economics global macro models projections and analysts expectations.
Descartes Systems Group Inc. is a Canada-based technology company that is engaged in providing on-demand, software-as-a-service solutions. The Company is primarily focused on logistics and supply chain management business processes. Its solutions are cloud-based and are focused on the productivity, performance and security of logistics-intensive businesses. The Company's software-as-a-service solutions are used by customers 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 collaborative multimodal logistics community. Its primary focus is on serving transportation providers (air, ocean and truck modes), logistics service providers (including third-party logistics providers) and distribution-intensive companies.