Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tintri (TNTR) Share Price
News articles about Tintri (NASDAQ:TNTR) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tintri earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.9650620273979 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Comparing NetApp (NTAP) and Tintri (TNTR) (americanbankingnews.com)
- Tintri, Inc. (TNTR) Downgraded by UBS AG to Underperform (americanbankingnews.com)
- IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Tintri, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Tintri, Inc. Investors (TNTR) (finance.yahoo.com)
- TNTR ALERT: Rosen Law Firm Reminds Tintri, Inc. Investors of Important Deadline in First Filed Class Action – TNTR (finance.yahoo.com)
Tintri (NASDAQ:TNTR) last issued its earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.97) by ($0.08). The company had revenue of $34.87 million during the quarter, compared to the consensus estimate of $35.68 million. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis.
Several research analysts have recently weighed in on TNTR shares. Needham & Company LLC started coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $15.00 price target for the company. Bank of America Corporation started coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $16.00 price target for the company. Morgan Stanley cut Tintri from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $10.00 to $6.00 in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “hold” rating and issued a $8.50 price target on shares of Tintri in a research note on Friday, September 1st. Finally, William Blair cut Tintri from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.67.
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In other news, Director Christopher J. Schaepe bought 597,858 shares of Tintri stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Enterprise Associates 12 New bought 926,429 shares of Tintri stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $7.00 per share, with a total value of $6,485,003.00. The disclosure for this purchase can be found here.
Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.
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