Telenav (TNAV) Issues Q2 Earnings Guidance
Telenav (NASDAQ:TNAV) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $(0.37)-(0.35) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.37). The company issued revenue guidance of $38-40 million, compared to the consensus revenue estimate of $39.03 million.
Several research analysts have issued reports on the company. Zacks Investment Research raised Telenav from a sell rating to a hold rating in a research report on Tuesday, December 5th. BidaskClub raised Telenav from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Finally, B. Riley reissued a buy rating and issued a $11.00 target price on shares of Telenav in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Telenav has an average rating of Hold and a consensus target price of $12.00.
Shares of Telenav (NASDAQ:TNAV) remained flat at $$4.70 during trading hours on Wednesday. The stock had a trading volume of 1,011,100 shares, compared to its average volume of 132,342. Telenav has a 1 year low of $4.50 and a 1 year high of $10.15.
Telenav Company Profile
TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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