Cubic (CUB) Given Media Impact Rating of 0.15
News stories about Cubic (NYSE:CUB) have been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cubic earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 46.0674294376801 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Ser Tech and Equifax co-hosted perceptive webinar on U.S. and Economic Trends (cuinsight.com)
- Novatek Total Proved Reserves Rose 13% in 2017 (foxbusiness.com)
- Cubic to Showcase Payment Innovations at Transport Ticketing Global Conference (masstransitmag.com)
- Martian Dust Storms Observed By CU Space Scientists (patch.com)
- Recent Analysis Shows Gray Television, Scientific Games, MACOM Technology Solutions, PJT Partners, Cubic, and Piper Jaffray Companies Market Influences — Renewed Outlook, Key Drivers of Growth (finance.yahoo.com)
CUB has been the topic of several research analyst reports. TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. Needham & Company LLC upped their price objective on Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Canaccord Genuity restated a “buy” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Cubic in a research note on Tuesday, November 21st. Zacks Investment Research upgraded Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. lowered Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.00.
Cubic (NYSE:CUB) last posted its earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.14 by $0.35. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The company had revenue of $445.60 million for the quarter, compared to the consensus estimate of $436.76 million. During the same quarter in the prior year, the business earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. sell-side analysts expect that Cubic will post 1.64 EPS for the current fiscal year.
Cubic Company Profile
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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