Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cubic Corporation (NYSE:CUB) Share Price
Media coverage about Cubic Corporation (NYSE:CUB) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cubic Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 45.717959482866 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- See what the IHS Markit Score report has to say about Cubic Corp. (finance.yahoo.com)
- Cubic Corporation (CUB) Presents At Canaccord Genuity 37th Annual Growth Conference – Slideshow (seekingalpha.com)
- Cubic and Partners Recognized for Innovative and Disruptive Use of Technology in Melbourne (finance.yahoo.com)
- Cubic Corporation (NYSE:CUB) Given “Buy” Rating at Canaccord Genuity (americanbankingnews.com)
- Smart Parking Market Analysis, Demand, Trends and Global Forecast to 2022 (einpresswire.com)
A number of analysts have issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $50.00 target price on shares of Cubic Corporation in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target (down from $52.00) on shares of Cubic Corporation in a research report on Wednesday. Zacks Investment Research cut Cubic Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. J P Morgan Chase & Co upgraded Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price target for the company in a research report on Thursday. Finally, ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Cubic Corporation currently has a consensus rating of “Hold” and a consensus price target of $53.40.
Cubic Corporation (NYSE:CUB) opened at 42.20 on Friday. Cubic Corporation has a 12 month low of $39.50 and a 12 month high of $55.65. The stock’s market capitalization is $1.14 billion. The stock has a 50 day moving average price of $46.13 and a 200 day moving average price of $48.73.
Cubic Corporation (NYSE:CUB) last released its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.86. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm had revenue of $361.87 million during the quarter, compared to analysts’ expectations of $383.47 million. During the same period in the prior year, the firm posted $0.17 earnings per share. Cubic Corporation’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Cubic Corporation will post ($0.58) earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cubic Corporation (NYSE:CUB) Share Price” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-cubic-corporation-nysecub-share-price/1480346.html.
Cubic Corporation Company Profile
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
Receive News & Ratings for Cubic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.