Favorable Press Coverage Somewhat Likely to Affect Weibo Corporation (WB) Share Price
Media stories about Weibo Corporation (NASDAQ:WB) have been trending positive on Monday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weibo Corporation earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 59 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Weibo Corporation (NASDAQ:WB) Upgraded at BidaskClub (americanbankingnews.com)
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Weibo Corporation â … – GuruFocus.com (gurufocus.com)
- How much Weibo Corporation (WB) stock is worthy? – Street Observer (press release) (streetobserver.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies … – GlobeNewswire (press release) (globenewswire.com)
- EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Weibo Corporation and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
Shares of Weibo Corporation (WB) opened at 74.7978 on Monday. Weibo Corporation has a 52 week low of $31.25 and a 52 week high of $82.28.
Weibo Corporation (NASDAQ:WB) last released its quarterly earnings data on Tuesday, May 16th. The information services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The company had revenue of $199.20 million during the quarter, compared to the consensus estimate of $188.29 million. Weibo Corporation had a net margin of 20.10% and a return on equity of 20.00%. Weibo Corporation’s revenue for the quarter was up 67.0% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts anticipate that Weibo Corporation will post $1.51 earnings per share for the current fiscal year.
WB has been the topic of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $67.00 price target on shares of Weibo Corporation in a research report on Tuesday, March 28th. Barclays PLC assumed coverage on Weibo Corporation in a report on Tuesday, March 28th. They set an “overweight” rating and a $66.00 price objective for the company. Benchmark Co. assumed coverage on Weibo Corporation in a report on Tuesday, April 18th. They set a “buy” rating and a $65.00 price objective for the company. TheStreet upgraded Weibo Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Finally, Zacks Investment Research upgraded Weibo Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Thursday, April 27th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.95.
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Weibo Corporation Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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