Infosys (INFY) Getting Somewhat Negative Press Coverage, Report Finds
News stories about Infosys (NYSE:INFY) have trended somewhat negative recently, according to AlphaOne. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infosys earned a news impact score of -0.03 on AlphaOne’s scale. AlphaOne also gave press coverage about the technology company an impact score of 27 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted AlphaOne Sentiment’s scoring:
- Ex-CFO Bansal to have upper hand in arbitration tribunal against Infosys (theweek.in)
- Indian techies, IT firms fret as Trump orders US visa review (TCS, INFY, WIPRO, MSFT, CTSH, HCLTECH, TECHM) (markets.businessinsider.com)
- Infosys : opening development centre in Karlovac (4-traders.com)
- Infosys : Infy ex-CFO takes steps to claim dues (4-traders.com)
- Australia’s Worker Visa Abolished: What Does It Mean for Tech? (finance.yahoo.com)
Several equities research analysts have recently commented on INFY shares. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, March 20th. BMO Capital Markets restated a “hold” rating and set a $15.00 price objective on shares of Infosys in a report on Thursday, March 23rd. Goldman Sachs Group Inc started coverage on Infosys in a report on Friday, March 3rd. They set a “sell” rating for the company. Stifel Nicolaus restated a “hold” rating and set a $15.50 price objective on shares of Infosys in a report on Tuesday. Finally, CLSA downgraded Infosys from an “outperform” rating to an “underperform” rating in a report on Friday, January 6th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.47.
Shares of Infosys (NYSE:INFY) traded up 0.07% during midday trading on Friday, reaching $14.48. The company had a trading volume of 7,452,546 shares. The company has a market capitalization of $33.10 billion, a P/E ratio of 15.47 and a beta of 0.90. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $14.95. Infosys has a one year low of $13.42 and a one year high of $19.76.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, April 13th. The technology company reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. Infosys had a return on equity of 22.56% and a net margin of 21.12%. The company earned $171.20 billion during the quarter, compared to analyst estimates of $172.14 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. Infosys’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Infosys will post $0.94 earnings per share for the current fiscal year.
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Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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