Gogo (GOGO) Receiving Somewhat Favorable News Coverage, Report Shows
News articles about Gogo (NASDAQ:GOGO) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gogo earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.1556819356672 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Gogo Inc. (GOGO) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Gogo Inc. Announces Pricing of $100 Million Senior Secured Notes … – Cellular News (cellular-news.com)
- Under the Consideration of Analysts: Gogo Inc Cmn Stk (GOGO) – ExpertGazette (expertgazette.com)
- GOGO INC. (NASDAQ:GOGO) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- Gogo, Inc. breached its 50 day moving average in a Bearish Manner : GOGO-US : September 22, 2017 (finance.yahoo.com)
Shares of Gogo (NASDAQ:GOGO) traded up 0.40% during midday trading on Friday, hitting $12.45. The company’s stock had a trading volume of 1,080,900 shares. The firm’s market cap is $1.08 billion. Gogo has a 52-week low of $8.56 and a 52-week high of $14.76. The stock’s 50 day moving average is $13.44 and its 200-day moving average is $12.33.
Gogo (NASDAQ:GOGO) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.07). The firm had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $167.63 million. Gogo’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.31) EPS. Equities analysts predict that Gogo will post ($2.02) EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the company. Northland Securities assumed coverage on Gogo in a research report on Tuesday. They set an “under perform” rating and a $6.75 price target on the stock. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Gogo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded Gogo from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, Standpoint Research downgraded Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Gogo presently has a consensus rating of “Buy” and an average target price of $13.96.
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).
Receive News & Stock Ratings for Gogo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo Inc. and related stocks with our FREE daily email newsletter.