Eplus Stock Price, News & Analysis

ePlus has authorized a buyback of up to 500,000 shares of its common stock, effective May 28, 2021. This repurchase plan will last for 12 months, succeeding the previous plan expiring on May 27, 2021. As of March 22, 2021, there were approximately 13.5 million shares outstanding. Shares repurchased will be held as treasury stock for corporate purposes. The decision on timing and volume of shares repurchased will depend on various factors, including stock price. The company is not obligated to execute the buyback and may halt it at any time.

ePlus (NASDAQ: PLUS) will present at the Sidoti & Company March 2021 Virtual Conference on March 24, 2021, at 2:30 p.m. ET. The event is by invitation only. ePlus is a consultative technology solutions provider, helping clients maximize their technology investments through expertise in security, cloud, and networking. Founded in 1990, it serves clients across the U.S., Europe, and Asia-Pac, with over 1,400 associates. For more information, visit www.eplus.com.

ePlus (NASDAQ: PLUS) has been recognized in the Elite 150 category of CRN's 2021 Managed Service Provider (MSP) 500 list. This annual list highlights leading North American solution providers that excel in managed services, showcasing ePlus's innovative offerings like Cloud Hosted Services and Managed SD-WAN. The recognition underscores ePlus's commitment to helping organizations navigate complex IT solutions and improve operational efficiencies despite challenging business environments. This accolade reflects ePlus's strategic growth in its managed services portfolio, enhancing customer outcomes and ROI.

ePlus (NASDAQ: PLUS) has achieved Amazon Web Services (AWS) Storage Competency status, highlighting its expertise in cloud storage solutions. This designation affirms ePlus's capabilities in Backup and Recovery, Primary Storage, and Business Continuance/Disaster Recovery, demonstrating its ability to assist customers in optimizing AWS storage strategies. The recognition stems from a rigorous audit process, underscoring ePlus's commitment to ensuring critical workloads are protected and secure. As an AWS Advanced Consulting Partner, ePlus aims to enhance AWS adoption and security for its clients.

ePlus (NASDAQ: PLUS) announced the successful implementation of a cloud-based Cisco call center for Rowan University, facilitating its role as a COVID-19 vaccination center in New Jersey. This innovative solution, built through a partnership with Cisco, allows for efficient management of vaccine distribution logistics, including appointment scheduling and call handling. The center successfully distributes over 600 doses daily. ePlus is recognized as a Cisco Gold Certified Partner, emphasizing its capabilities in technology solutions.

ePlus inc. (NASDAQ: PLUS) announced the renewal of Cisco Gold Certified Partner designation for its subsidiary, IGXGlobal UK Limited. This certification highlights IGXGlobal's expertise in providing Cisco-based solutions across the UK and Europe. Additionally, IGXGlobal has achieved Advanced Cisco Certifications in various areas, reflecting its technical capabilities. ePlus also holds Cisco Gold Certification in the U.S. and has received multiple Master Specialization Certifications, solidifying its position in the technology solutions sector.

ePlus inc. (NASDAQ: PLUS) reported its financial results for the three and nine months ended December 31, 2020. Net earnings rose by 10.7% to $21.6 million on flat revenues of $427.6 million. Operating expenses decreased by 11.0% to $68.9 million, contributing to a 41% increase in operating income for the technology segment. Service revenues grew 3.3% to $52.1 million. The financing segment, however, saw a 34.5% decline in sales. Overall, ePlus aims to expand customer-facing personnel and enhance technology offerings post-acquisition of System Management Planning.

ePlus inc. (NASDAQ: PLUS) will release its financial results for the three and nine months ended December 31, 2020, on February 3, 2021, after market close. A conference call will follow at 4:30 p.m. ET, requiring pre-registration to participate. The earnings report will detail critical metrics that investors should monitor.

The replay of the conference call will be available through February 10, 2021. Investors can find additional information on ePlus services and financials by visiting their official website.

ePlus (NASDAQ: PLUS) will participate in a virtual event hosted by Harrisburg University for Data Privacy Day 2021, focusing on the growing need for data privacy amidst increased remote work. Brian Zimmer, security solutions director at ePlus, emphasized the shift towards a data-centric security approach due to changing regulations and consumer expectations. The event, featuring a panel of security professionals, will discuss future strategies in data security, taking place on January 28, 2021. ePlus aims to enhance data security through a comprehensive lifecycle management strategy.