Tucows Inc. (NASDAQ:TCX) Issues Earnings Results
Tucows Inc. (NASDAQ:TCX) (TSE:TC) issued its earnings results on Tuesday. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09, Briefing.com reports. The firm had revenue of $84.22 million during the quarter, compared to analyst estimates of $81.75 million. Tucows had a net margin of 6.55% and a return on equity of 43.00%. The company’s quarterly revenue was up 78.4% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share.
Shares of Tucows (NASDAQ TCX) traded up 0.19% during mid-day trading on Tuesday, hitting $52.75. 90,066 shares of the stock were exchanged. The firm has a market cap of $554.35 million, a P/E ratio of 40.02 and a beta of 1.36. The stock’s 50 day moving average is $55.99 and its 200 day moving average is $53.39. Tucows has a 12 month low of $25.78 and a 12 month high of $63.20.
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A number of brokerages recently weighed in on TCX. Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. BidaskClub raised shares of Tucows from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.
In other Tucows news, VP Michael Goldstein sold 9,876 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $58.76, for a total value of $580,313.76. Following the completion of the sale, the vice president now owns 4,163 shares of the company’s stock, valued at $244,617.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Davinder Singh sold 1,236 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $60.00, for a total value of $74,160.00. Following the completion of the transaction, the chief financial officer now owns 1,764 shares of the company’s stock, valued at $105,840. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,701 shares of company stock worth $10,773,117. 13.20% of the stock is owned by corporate insiders.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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