News stories about Gogo (NASDAQ:GOGO) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gogo earned a news impact score of 0.26 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.7905096402473 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Gogo (GOGO) opened at $10.35 on Friday. Gogo has a 12 month low of $8.56 and a 12 month high of $14.76. The stock has a market cap of $906.78, a PE ratio of -5.20 and a beta of 1.69. The company has a current ratio of 2.20, a quick ratio of 2.02 and a debt-to-equity ratio of -6.40.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.06). The firm had revenue of $172.87 million for the quarter, compared to analyst estimates of $172.92 million. Gogo’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.42) EPS. sell-side analysts predict that Gogo will post -2.11 earnings per share for the current fiscal year.
A number of brokerages recently commented on GOGO. Zacks Investment Research raised shares of Gogo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine cut shares of Gogo from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Northland Securities began coverage on shares of Gogo in a research note on Tuesday, September 19th. They set an “under perform” rating and a $6.75 price target on the stock. Guggenheim reaffirmed a “buy” rating and set a $16.00 price target on shares of Gogo in a research note on Monday, October 9th. Finally, BidaskClub cut shares of Gogo from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.35.
In related news, insider Michael Small acquired 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $8.79 per share, for a total transaction of $879,000.00. Following the acquisition, the insider now directly owns 398,224 shares in the company, valued at approximately $3,500,388.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 37.30% of the company’s stock.
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Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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