Tangoe Given “Buy” Rating at Roth Capital (TNGO)
Tangoe (NASDAQ:TNGO)‘s stock had its “buy” rating restated by Roth Capital in a research note issued on Thursday. They currently have a $25.00 price target on the stock, down from their previous price target of $31.00. Roth Capital’s price objective would suggest a potential upside of 78.44% from the stock’s previous close.
Tangoe (NASDAQ:TNGO) opened at 14.01 on Thursday. Tangoe has a one year low of $11.33 and a one year high of $26.05. The stock’s 50-day moving average is $14.33 and its 200-day moving average is $16.20. The company has a market cap of $541.9 million and a P/E ratio of 172.32.
Tangoe (NASDAQ:TNGO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $52.70 million for the quarter, compared to the consensus estimate of $52.90 million. During the same quarter last year, the company posted $0.16 earnings per share. Tangoe’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Tangoe will post $0.79 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TNGO. 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.60.
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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