Luxoft Holding (LXFT) Getting Somewhat Critical Press Coverage, Study Finds

Media stories about Luxoft Holding (NYSE:LXFT) have been trending somewhat negative on Friday, AlphaOne reports. The research group, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luxoft Holding earned a media sentiment score of -0.03 on AlphaOne’s scale. AlphaOne also gave news stories about the software maker an impact score of 77 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the next several days.

Insider Buying and Selling by Quarter for Luxoft Holding (NYSE:LXFT)

Shares of Luxoft Holding (NYSE LXFT) traded up 0.58% during trading on Friday, hitting $61.15. The stock had a trading volume of 115,580 shares. The company has a market cap of $2.04 billion, a PE ratio of 33.23 and a beta of 1.45. The firm’s 50 day moving average is $63.55 and its 200 day moving average is $59.61. Luxoft Holding has a 1-year low of $46.58 and a 1-year high of $67.85.

Luxoft Holding (NYSE:LXFT) last issued its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Luxoft Holding had a return on equity of 21.06% and a net margin of 7.97%. The business had revenue of $204.10 million during the quarter, compared to analysts’ expectations of $202.30 million. During the same quarter last year, the business posted $0.56 EPS. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Equities research analysts anticipate that Luxoft Holding will post $3.41 EPS for the current fiscal year.

LXFT has been the topic of a number of recent research reports. BidaskClub lowered Luxoft Holding from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Luxoft Holding from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Cantor Fitzgerald restated a “hold” rating and set a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. Finally, Cowen and Company raised their price objective on Luxoft Holding from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $67.83.

TRADEMARK VIOLATION NOTICE: This piece was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://sleekmoney.com/luxoft-holding-lxft-getting-somewhat-critical-press-coverage-study-finds/1915938.html.

Luxoft Holding Company Profile

Luxoft Holding, Inc is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/luxoft-holding-lxft-getting-somewhat-critical-press-coverage-study-finds/1915938.html

Receive News & Ratings for Luxoft Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft Holding Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *