RPX (RPXC) Receives Daily Media Sentiment Rating of 0.15
Press coverage about RPX (NASDAQ:RPXC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RPX earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.7177462888614 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- RPX (RPXC) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- RPX Corp.: Leads amongst peers with strong fundamentals (finance.yahoo.com)
- RPX Announces Executive Changes (finance.yahoo.com)
- Mid-Afternoon Market Update: Finisar Surges Following $390M Contract From Apple; Nordic American Tanker Shares Slide (nasdaq.com)
- Baird: RPX Corp. Buyout Would Be An ‘Incremental Positive’ (msn.com)
A number of research firms recently issued reports on RPXC. BidaskClub cut RPX from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Robert W. Baird reissued a “buy” rating and set a $15.00 price objective on shares of RPX in a research report on Wednesday, November 1st. Barclays lifted their price objective on RPX from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research cut RPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. RPX presently has an average rating of “Hold” and an average target price of $14.00.
RPX (NASDAQ:RPXC) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $85.70 million during the quarter, compared to analysts’ expectations of $82.70 million. RPX had a return on equity of 5.16% and a net margin of 5.53%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. equities analysts forecast that RPX will post 0.53 EPS for the current year.
The business also recently declared a Not Available dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were given a $0.05 dividend. The ex-dividend date was Friday, November 17th. RPX’s dividend payout ratio is currently 13.89%.
In other RPX news, CFO David James Anderson sold 5,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $12.80, for a total value of $64,000.00. Following the completion of the sale, the chief financial officer now owns 26,981 shares of the company’s stock, valued at $345,356.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.52% of the stock is owned by insiders.
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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