BUZZ-Blackbaud down after downbeat annual forecasts

Shares of cloud software provider Blackbaud BLKB.O down as much as 11.5% to a more than a ten-month low of $70.67

Company sees annual revenue between $1.12 billion and $1.13 billion vs Street estimates of $1.2 billion, per data compiled by LSEG

Says the company's renewal price uplift, which slowed growth in Q3 and Q4, will continue throughout 2025

Also forecasts adjusted EPS in the range of $4.16 to $4.35 vs estimate of $4.61

Q4 revenue of $302.2 million came below estimate of $303.7 million

However, adjusted EPS of 1.08 narrowly beat estimate of $1.06

BLKB fell ~15% in 2024