Tangoe Inc. Reaches New 12-Month High at $25.00 (TNGO)
Tangoe (NASDAQ:TNGO)’s share price reached a new 52-week high during mid-day trading on Friday, American Banking News reports. The stock traded as high as $25.00 and last traded at $24.92, with a volume of 408,805 shares traded. The stock had previously closed at $23.77.
TNGO has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Tangoe from $23.00 to $25.00 in a research note to investors on Friday, August 9th. Separately, analysts at Stifel Nicolaus raised their price target on shares of Tangoe from $20.00 to $22.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe in a research note to investors on Thursday, August 8th. They now have a $28.00 price target on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.00.
Tangoe has a 52-week low of $11.53 and a 52-week high of $24.60. The stock’s 50-day moving average is $22.65 and its 200-day moving average is $16.86. The company has a market cap of $930.9 million and a price-to-earnings ratio of 218.07.
Tangoe (NASDAQ:TNGO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. The company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter last year, the company posted $0.10 earnings per share. Tangoe’s revenue was up 28.0% compared to the same quarter last year. Analysts expect that Tangoe will post $0.69 EPS for the current fiscal year.
Tangoe, Inc (NASDAQ:TNGO) is a global provider of communications lifecycle management (CLM), software and services to a range of enterprises, including large and medium-sized businesses and other organizations.
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