tw telecom inc. Sees Significant Drop in Short Interest (TWTC)
tw telecom inc. (NASDAQ:TWTC) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,749,870 shares, a decrease of 21.6% from the March 31st total of 3,507,803 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 644,922 shares, the days-to-cover ratio is presently 4.3 days. Approximately 2.0% of the shares of the company are short sold.
Shares of tw telecom inc. (NASDAQ:TWTC) opened at 31.04 on Thursday. tw telecom inc. has a 1-year low of $25.83 and a 1-year high of $32.05. The stock has a 50-day moving average of $30.74 and a 200-day moving average of $30.11. The company has a market cap of $4.365 billion and a price-to-earnings ratio of 129.08.
tw telecom inc. (NASDAQ:TWTC) last released its earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.03. The company had revenue of $408.30 million for the quarter, compared to the consensus estimate of $406.74 million. During the same quarter last year, the company posted $0.09 earnings per share. tw telecom inc.’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that tw telecom inc. will post $0.47 EPS for the current fiscal year.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.