News stories about Gogo (NASDAQ:GOGO) have trended somewhat positive on Friday, Alpha One reports. The research group, a subsidiary of Accern, scores the sentiment of media 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 nearest to one being the most favorable. Gogo earned a media sentiment score of 0.22 on Alpha One’s scale. Alpha One also gave news stories about the technology company an impact score of 51 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s scoring:
- United Services Automobile Association Increases Stake in Callon Petroleum Company (CPE) (campdesrecrues.com)
- Analysts Alert: Gogo Inc Cmn Stk (GOGO) – ExpertGazette (expertgazette.com)
- The Best Hidden Features of iOS 11 (ibusinesslines.com)
- Gogo Inc. (GOGO) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Global In-flight Connectivity Market to Exceed US$ 5.4 Bn by 2023 (travpr.com)
GOGO has been the subject of a number of recent research reports. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised Gogo from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Raymond James Financial, Inc. began coverage on Gogo in a research report on Wednesday, May 31st. They set an “outperform” rating and a $15.00 price target for the company. Finally, Dougherty & Co upped their price target on Gogo from $17.50 to $19.00 and gave the company a “buy” rating in a research report on Sunday, May 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.71.
Gogo (NASDAQ GOGO) traded up 1.95% on Friday, reaching $12.03. The company’s stock had a trading volume of 1,767,062 shares. Gogo has a one year low of $7.80 and a one year high of $13.69. The firm has a 50-day moving average of $12.49 and a 200-day moving average of $10.81. The company’s market capitalization is $1.04 billion.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.52) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.52). The business had revenue of $165.41 million during the quarter, compared to the consensus estimate of $160.04 million. Gogo had a negative net margin of 22.86% and a negative return on equity of 441.18%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Analysts predict that Gogo will post ($1.93) EPS for the current year.
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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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