Weibo Corporation (WB) Getting Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Weibo Corporation (NASDAQ:WB) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog 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. Weibo Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave news headlines about the information services provider an impact score of 46.7834286211309 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Weibo Corporation (WB) noted a price change of 4.26% and KT Corporation (KT) closes with a move of -1.81% – Stocks Gallery (stocksgallery.com)
- Stocks Active Momentum: Encana Corporation (NYSE:ECA), Weibo Corporation (NASDAQ:WB) – The Stock Street (press release) (thestreetpoint.com)
- Hot Stock under Review: Weibo Corporation (NASDAQ: WB) – Alpha Beta Stock (alphabetastock.com)
- Weibo Corporation (NASDAQ: WB) – Hot Stock in Focus – Alpha Beta Stock (alphabetastock.com)
- Weibo Corporation (WB) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
A number of analysts have commented on WB shares. Zacks Investment Research cut Weibo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. BidaskClub cut Weibo Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Weibo Corporation in a research note on Thursday, July 27th. Barclays PLC set a $100.00 price objective on Weibo Corporation and gave the stock an “overweight” rating in a research note on Friday, August 11th. Finally, Citigroup Inc. restated a “buy” rating and issued a $126.00 price target (up from $102.00) on shares of Weibo Corporation in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Weibo Corporation currently has an average rating of “Buy” and an average price target of $85.28.
Shares of Weibo Corporation (WB) opened at $99.21 on Tuesday. The company has a market cap of $21,327.53, a PE ratio of 110.82 and a beta of 2.50. Weibo Corporation has a 12-month low of $40.12 and a 12-month high of $108.30.
Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $253.37 million during the quarter, compared to the consensus estimate of $246.78 million. Weibo Corporation had a net margin of 23.22% and a return on equity of 24.45%. The firm’s revenue was up 72.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. research analysts forecast that Weibo Corporation will post 1.45 earnings per share for the current fiscal year.
Weibo Corporation Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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