Tucows (TCX) Receiving Somewhat Positive Press Coverage, Study Shows
News stories about Tucows (NASDAQ:TCX) (TSE:TC) have trended somewhat positive recently, according to Alpha One. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tucows earned a news impact score of 0.13 on Alpha One’s scale. Alpha One also assigned media stories about the information services provider an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Alpha One Sentiment Analysis’s scoring:
- Tucows, Inc. – Value Analysis (NASDAQ:TCX) : June 15, 2017 (finance.yahoo.com)
- Tucows, Inc. breached its 50 day moving average in a Bearish Manner : TCX-US : June 14, 2017 (finance.yahoo.com)
- Insider Selling: Tucows Inc. (TCX) Director Sells 53,842 Shares of Stock (americanbankingnews.com)
- The Bristol-Myers Squibb (BMY) Given Daily News Impact Score of 0.31 (leisuretravelaid.com)
Separately, Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th.
Shares of Tucows (NASDAQ TCX) traded up 0.09% during trading on Friday, reaching $57.15. 93,911 shares of the company were exchanged. Tucows has a 1-year low of $23.19 and a 1-year high of $63.20. The stock has a market capitalization of $600.59 million, a P/E ratio of 43.36 and a beta of 1.16. The firm has a 50-day moving average price of $58.70 and a 200-day moving average price of $48.66.
Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Tuesday, May 9th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.13. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $84.05 million. During the same quarter last year, the company earned $0.42 earnings per share. Tucows’s quarterly revenue was up 55.7% compared to the same quarter last year. Equities research analysts predict that Tucows will post $2.20 earnings per share for the current fiscal year.
In other news, Director Rawleigh Hazen Iv Ralls sold 53,842 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.11, for a total value of $3,182,600.62. Following the sale, the director now directly owns 85,697 shares in the company, valued at approximately $5,065,549.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Davinder Singh sold 1,236 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $60.00, for a total transaction of $74,160.00. Following the completion of the sale, the chief financial officer now owns 1,764 shares in the company, valued at $105,840. The disclosure for this sale can be found here. Insiders sold a total of 211,770 shares of company stock worth $11,606,562 over the last 90 days. Company insiders own 17.20% of the company’s stock.
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Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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