Somewhat Favorable News Coverage Somewhat Unlikely to Impact Gogo (GOGO) Share Price
Headlines about Gogo (NASDAQ:GOGO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gogo earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.3937115396957 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- More than 500 Commercial Aircraft Now Flying with Gogo’s 2Ku Technology (finance.yahoo.com)
- Global in-flight Wi-Fi market expected to witness a healthy CAGR of 14.9% from 2017 to 2021 (emailwire.com)
- Wireless In-Flight Entertainment (W-IFE) Market Is Estimated To Reach $3.53 Billion By 2025: Hexa Reports (consumerelectronicsnet.com)
- Reviewing Gogo (GOGO) and China Mobile (Hong Kong) (CHL) (americanbankingnews.com)
- Gogo Inc. (GOGO) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
Shares of Gogo (GOGO) opened at $10.61 on Wednesday. The company has a debt-to-equity ratio of -6.40, a current ratio of 2.20 and a quick ratio of 2.02. Gogo has a twelve month low of $8.56 and a twelve month high of $14.76.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.06). The company had revenue of $172.87 million for the quarter, compared to analysts’ expectations of $172.92 million. Gogo’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.42) earnings per share. research analysts forecast that Gogo will post -2.11 EPS for the current year.
A number of research analysts have recently commented on the stock. Northland Securities assumed coverage on shares of Gogo in a research report on Tuesday, September 19th. They set an “under perform” rating and a $6.75 target price on the stock. ValuEngine raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Gogo from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Guggenheim reaffirmed a “buy” rating and issued a $16.00 price target on shares of Gogo in a report on Monday, October 9th. Finally, BidaskClub raised shares of Gogo from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $14.35.
In related news, insider Michael Small purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $8.79 per share, with a total value of $879,000.00. Following the completion of the acquisition, the insider now directly owns 398,224 shares of the company’s stock, valued at approximately $3,500,388.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.30% of the company’s stock.
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Gogo Company Profile
Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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