News coverage about Cubic (NYSE:CUB) has been trending somewhat negative recently, according to Alpha One. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cubic earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned press coverage about the scientific and technical instruments company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Alpha One’s analysis:
- Cubic Selected to Deliver Modular, Hyper-Converged Tactical Communications Solutions to the US Special Operations Command (finance.yahoo.com)
- Brokerages Anticipate Cubic Co. (CUB) Will Announce Quarterly Sales of $382.32 Million (americanbankingnews.com)
- Cubic’s GATR Technologies to Strengthen Huntsville, Alabama, Operations with Facilities Expansion (finance.yahoo.com)
- $0.07 EPS Expected for Cubic Co. (CUB) This Quarter (americanbankingnews.com)
- Cubic : to Showcase Integrated C4ISR and Virtual Training Solutions at GEOINT 2017 (4-traders.com)
Shares of Cubic (CUB) traded down 0.43% on Tuesday, reaching $46.25. The company had a trading volume of 31,524 shares. The firm’s market capitalization is $1.25 billion. Cubic has a 52-week low of $37.24 and a 52-week high of $55.65. The company has a 50-day moving average price of $48.58 and a 200-day moving average price of $49.40.
Cubic (NYSE:CUB) last posted its quarterly earnings data on Monday, May 8th. The scientific and technical instruments company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $343.71 million during the quarter, compared to the consensus estimate of $365.04 million. Cubic had a return on equity of 0.61% and a net margin of 0.29%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Equities research analysts forecast that Cubic will post $0.18 EPS for the current fiscal year.
A number of brokerages recently commented on CUB. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target (down previously from $55.00) on shares of Cubic in a report on Tuesday, May 9th. Zacks Investment Research raised Cubic from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, February 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.00.
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Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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