Wipro Limited (WIT) Receives Daily News Impact Rating of 0.20
News articles about Wipro Limited (NYSE:WIT) have trended somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wipro Limited earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 45.835384455464 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Enphase Energy, Inc. (ENPH) registers a price change of -3.50% while Wipro Limited (WIT) – Stocks Gallery (stocksgallery.com)
- Summary of Oversold Stock – Wipro Limited (WIT) – Wall Street Morning (wallstreetmorning.com)
- Microsoft enables Wipro to host key business-critical applications on Azure – CIO India (cio.in)
- Ownership Analysis and Its Impact on: Wipro Limited (NYSE:WIT) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Wipro Limited (WIT) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
A number of equities analysts recently commented on the company. BidaskClub lowered Wipro Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation lifted their price objective on Wipro Limited from $250.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Zacks Investment Research raised Wipro Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. BNP Paribas lowered Wipro Limited from a “hold” rating to a “reduce” rating in a research note on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) lowered Wipro Limited from a “neutral” rating to a “sell” rating in a research note on Sunday, September 17th. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $277.00.
Wipro Limited (NYSE WIT) opened at 5.52 on Friday. Wipro Limited has a 1-year low of $4.50 and a 1-year high of $6.40. The firm has a market capitalization of $26.71 billion, a price-to-earnings ratio of 20.15 and a beta of 0.83. The company has a 50 day moving average price of $5.75 and a 200-day moving average price of $5.46.
Wipro Limited (NYSE:WIT) last released its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Wipro Limited had a return on equity of 16.53% and a net margin of 15.46%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, analysts forecast that Wipro Limited will post $0.28 EPS for the current fiscal year.
Wipro Limited announced that its board has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase $1.70 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 6.1% of its stock through a tender offer. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
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Wipro Limited Company Profile
Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.
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