Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Edgewater Technology (EDGW) Stock Price
Media coverage about Edgewater Technology (NASDAQ:EDGW) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Edgewater Technology earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 47.3893640088584 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Edgewater Ranzal and Thavron Solutions Create New Alliance (finance.yahoo.com)
- Edited Transcript of EDGW earnings conference call or presentation 2-Aug-17 2:00pm GMT (finance.yahoo.com)
- Edgewater Technology, Inc. (EDGW) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS (americanbankingnews.com)
- Edgewater Reports Second Quarter 2017 Results (finance.yahoo.com)
- Edgewater reports 2Q loss (finance.yahoo.com)
Edgewater Technology (NASDAQ EDGW) traded down 0.14% during trading on Tuesday, hitting $7.02. 3,305 shares of the stock were exchanged. Edgewater Technology has a 1-year low of $6.22 and a 1-year high of $9.40. The firm’s 50 day moving average price is $6.95 and its 200-day moving average price is $7.09. The stock’s market cap is $95.37 million.
Edgewater Technology (NASDAQ:EDGW) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.05. The company had revenue of $30.31 million during the quarter. Edgewater Technology had a negative net margin of 5.77% and a negative return on equity of 9.04%. On average, analysts anticipate that Edgewater Technology will post ($0.10) EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Edgewater Technology (EDGW) Stock Price” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/08/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-edgewater-technology-edgw-stock-price.html.
In related news, Director Kurt James Wolf acquired 30,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $7.20 per share, with a total value of $216,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey L. Rutherford acquired 18,500 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was bought at an average cost of $7.30 per share, with a total value of $135,050.00. Following the acquisition, the insider now owns 50,000 shares in the company, valued at approximately $365,000. The disclosure for this purchase can be found here. In the last three months, insiders bought 68,951 shares of company stock valued at $497,684. 23.54% of the stock is currently owned by insiders.
About Edgewater Technology
Edgewater Technology, Inc is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets.
Receive News & Ratings for Edgewater Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edgewater Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.