Covisint Corp (COVS) Receiving Favorable News Coverage, Report Finds
Press coverage about Covisint Corp (NASDAQ:COVS) has trended positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covisint Corp earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 44.9279510863569 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Covisint Corp (COVS) traded up 2.08% during midday trading on Friday, hitting $2.45. 187,144 shares of the stock traded hands. The company’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.09. Covisint Corp has a 12 month low of $1.71 and a 12 month high of $2.50.
Covisint Corp (NASDAQ:COVS) last posted its quarterly earnings data on Monday, June 5th. The software maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Covisint Corp had a return on equity of 10.72% and a net margin of 8.37%. The firm had revenue of $18.98 million during the quarter. On average, equities research analysts expect that Covisint Corp will post ($0.29) earnings per share for the current year.
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Covisint Corp Company Profile
Covisint Corporation provides an open, enterprise class cloud platform (Platform) enabling organizations to build solutions that identify, authenticate and connect users, devices, applications and information. The Company’s Auto Supply Portal is involved in the development and integration of three cloud-based technologies, such as identity management, data integration and exchange services, and portal services.
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