ClearOne (CLRO) Receives Coverage Optimism Rating of 0.06
Media stories about ClearOne (NASDAQ:CLRO) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news 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. ClearOne earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.6712633696466 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Edward D. Bagley Purchases 10,000 Shares of ClearOne, Inc. (NASDAQ:CLRO) Stock (americanbankingnews.com)
- ClearOne, Inc. (CLRO) Issues Earnings Results, Misses Estimates By $0.07 EPS (americanbankingnews.com)
- ClearOne, Inc. (CLRO) Earns “Buy” Rating from B. Riley (americanbankingnews.com)
- Edited Transcript of CLRO earnings conference call or presentation 9-Aug-17 3:30pm GMT (finance.yahoo.com)
- ClearOne Reports Second Quarter 2017 Financial Results (finance.yahoo.com)
Several research firms have recently commented on CLRO. B. Riley reaffirmed a “buy” rating and set a $12.50 price target on shares of ClearOne in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of ClearOne from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th.
ClearOne (CLRO) traded up 3.31% during midday trading on Monday, reaching $7.80. 19,169 shares of the company traded hands. The stock has a market capitalization of $67.89 million, a P/E ratio of 114.71 and a beta of 1.26. ClearOne has a 1-year low of $7.20 and a 1-year high of $12.60. The firm has a 50-day moving average of $9.50 and a 200-day moving average of $10.31.
ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $10.31 million for the quarter, compared to analyst estimates of $12.01 million. ClearOne had a positive return on equity of 1.83% and a negative net margin of 2.56%. On average, analysts predict that ClearOne will post $0.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, August 18th. ClearOne’s dividend payout ratio (DPR) is currently -215.38%.
In other ClearOne news, major shareholder Edward D. Bagley purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $7.85 per share, with a total value of $78,500.00. Following the purchase, the insider now directly owns 1,839,877 shares in the company, valued at approximately $14,443,034.45. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.51% of the company’s stock.
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ClearOne Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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