Lionbridge Technologies Inc. (LIOX) Lifted to “Hold” at Zacks Investment Research
Lionbridge Technologies Inc. (NASDAQ:LIOX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. “
Separately, B. Riley reaffirmed a “buy” rating and issued a $6.00 target price on shares of Lionbridge Technologies in a report on Tuesday, August 9th.
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Shares of Lionbridge Technologies (NASDAQ:LIOX) opened at 4.91 on Tuesday. Lionbridge Technologies has a 1-year low of $3.90 and a 1-year high of $6.26. The stock has a 50 day moving average price of $4.88 and a 200-day moving average price of $4.61. The company has a market cap of $287.31 million, a price-to-earnings ratio of 30.50 and a beta of 1.34.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, August 4th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. Lionbridge Technologies had a return on equity of 27.44% and a net margin of 1.77%. The company earned $144.20 million during the quarter, compared to the consensus estimate of $146.35 million. During the same period in the prior year, the business posted $0.19 earnings per share. Lionbridge Technologies’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Lionbridge Technologies will post $0.56 earnings per share for the current year.
A number of large investors have recently modified their holdings of the company. Paloma Partners Management Co acquired a new stake in shares of Lionbridge Technologies during the second quarter worth about $101,000. Barclays PLC acquired a new stake in shares of Lionbridge Technologies during the first quarter worth about $131,000. Spark Investment Management LLC raised its stake in shares of Lionbridge Technologies by 5.2% in the second quarter. Spark Investment Management LLC now owns 40,400 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares during the last quarter. Springbok Capital Management LLC raised its stake in shares of Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Lionbridge Technologies by 9.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 59,540 shares of the company’s stock worth $235,000 after buying an additional 5,114 shares during the last quarter. Institutional investors and hedge funds own 68.69% of the company’s stock.
Lionbridge Technologies Company Profile
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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