Telenav (TNAV) Receives Daily News Impact Rating of 0.10
Media coverage about Telenav (NASDAQ:TNAV) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Telenav earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.6560458275179 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s analysis:
- Telenav reports 1Q loss (finance.yahoo.com)
- Edited Transcript of TNAV earnings conference call or presentation 2-Nov-17 9:30pm GMT (finance.yahoo.com)
- Telenav, Inc. (TNAV) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS (americanbankingnews.com)
- Telenav Teams Up with Waylens to Further Enhance OpenStreetMap (finance.yahoo.com)
- Zacks: Brokerages Anticipate Telenav, Inc. (TNAV) Will Announce Quarterly Sales of $36.84 Million (americanbankingnews.com)
Shares of Telenav (NASDAQ:TNAV) traded down $0.17 during midday trading on Monday, reaching $5.58. The company’s stock had a trading volume of 69,882 shares, compared to its average volume of 68,248. Telenav has a 12 month low of $4.80 and a 12 month high of $10.15.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). Telenav had a negative return on equity of 39.14% and a negative net margin of 32.94%. The business had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $36.84 million. During the same period in the prior year, the company earned ($0.22) EPS. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. sell-side analysts predict that Telenav will post -1.15 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on TNAV shares. B. Riley reiterated a “buy” rating and issued a $11.00 target price on shares of Telenav in a report on Saturday, August 5th. BidaskClub upgraded Telenav from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Northland Securities set a $15.00 price target on Telenav and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. 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’s stock. Telenav has an average rating of “Hold” and an average price target of $12.00.
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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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