Roth Capital initiated coverage on shares of Tangoe (NASDAQ:TNGO) in a research report released on Thursday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $31.00 price objective on the stock.
Shares of Tangoe (NASDAQ:TNGO) traded down 1.81% on Thursday, hitting $15.71. The stock had a trading volume of 66,864 shares. Tangoe has a one year low of $11.53 and a one year high of $26.05. The stock’s 50-day moving average is $18.38 and its 200-day moving average is $18.62. The company has a market cap of $600.8 million and a price-to-earnings ratio of 124.03.
Tangoe (NASDAQ:TNGO) last released its earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $47.60 million for the quarter, compared to the consensus estimate of $48.09 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Tangoe will post $0.65 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TNGO. Analysts at Raymond James cut their price target on shares of Tangoe from $26.00 to $22.00 in a research note to investors on Wednesday, November 6th. They now have a strong-buy rating on the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of Tangoe in a research note to investors on Wednesday, November 6th. They now have a $28.00 price target on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $25.60.
Tangoe, Inc (NASDAQ:TNGO) is a global provider of communications lifecycle management (CLM), software and services to a range of enterprises, including large and medium-sized businesses and other organizations.
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