Media coverage about Gogo (NASDAQ:GOGO) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gogo earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.4823920726322 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s analysis:
Gogo (NASDAQ GOGO) traded up $0.10 during trading on Friday, reaching $10.23. The company’s stock had a trading volume of 507,139 shares, compared to its average volume of 665,982. 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 has a 1-year low of $8.56 and a 1-year high of $14.76. The stock has a market cap of $887.69, a price-to-earnings ratio of -5.14 and a beta of 1.69.
Gogo (NASDAQ:GOGO) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.06). The business had revenue of $172.87 million during the quarter, compared to analyst estimates of $172.92 million. During the same quarter in the previous year, the company posted ($0.42) EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis. sell-side analysts forecast that Gogo will post -2.11 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Guggenheim restated a “buy” rating and issued a $16.00 price objective on shares of Gogo in a research report on Monday, October 9th. Finally, BidaskClub lowered Gogo from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.35.
In related news, insider Michael Small acquired 100,000 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $8.79 per share, for a total transaction of $879,000.00. Following the transaction, the insider now owns 398,224 shares in the company, valued at approximately $3,500,388.96. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 37.30% of the company’s stock.
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Gogo Company Profile
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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