Tangoe (TNGO) to Release Earnings on Wednesday
Tangoe (NASDAQ:TNGO) is set to release its Q214 earnings data on Wednesday, August 6th. Analysts expect Tangoe to post earnings of $0.18 per share and revenue of $52.90 million for the quarter.
Shares of Tangoe (NASDAQ:TNGO) traded down 0.35% during mid-day trading on Tuesday, hitting $14.12. 5,967 shares of the company’s stock traded hands. Tangoe has a 1-year low of $11.33 and a 1-year high of $26.05. The stock’s 50-day moving average is $14.36 and its 200-day moving average is $16.25. The company has a market cap of $546.2 million and a P/E ratio of 172.80.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe in a research note on Thursday, May 22nd. They now have a $22.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Tangoe from $24.00 to $22.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Tangoe currently has a consensus rating of “Buy” and a consensus target price of $23.80.
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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