West Corporation (NASDAQ:WSTC) Earns Coverage Optimism Rating of 0.14
Media headlines about West Corporation (NASDAQ:WSTC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. West Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.757300915436 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Neither buy nor sell rating on stock: West Corporation (WSTC) – Street Observer (press release) (streetobserver.com)
- West Corp (WSTC) Sees Awesome Oscillator Trending Lower – FLBC News (flbcnews.com)
- West Corporation (WSTC) registers a price change of 0.09% while Gartner, Inc. (IT) finishes with a flow of -3.13% – Stocks Gallery (stocksgallery.com)
- Technical Insights on Communication Services Stocks — SBA Communications, West Corp., BT Group, and NeuStar – Markets Insider (markets.businessinsider.com)
- West Corp. :WSTC-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
A number of brokerages have issued reports on WSTC. Zacks Investment Research upgraded West Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, May 19th. Robert W. Baird cut West Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $24.00 in a research note on Wednesday, May 10th. William Blair cut West Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. Deutsche Bank AG cut West Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $23.50 price objective on shares of West Corporation in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.88.
West Corporation (NASDAQ:WSTC) remained flat at $23.34 on Friday. The company’s stock had a trading volume of 334,106 shares. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.23 and a beta of 1.59. The stock has a 50-day moving average of $23.32 and a 200-day moving average of $23.89. West Corporation has a 12-month low of $19.64 and a 12-month high of $28.57.
West Corporation (NASDAQ:WSTC) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. The firm had revenue of $574.39 million during the quarter, compared to analyst estimates of $579.40 million. Equities research analysts anticipate that West Corporation will post $2.92 earnings per share for the current year.
In other news, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $23.27, for a total transaction of $78,699.14. Following the completion of the sale, the insider now owns 58,893 shares in the company, valued at approximately $1,370,440.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rodney J. Kempkes sold 1,160 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $23.15, for a total value of $26,854.00. Following the sale, the insider now owns 62,275 shares of the company’s stock, valued at approximately $1,441,666.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,924 shares of company stock valued at $184,523. Company insiders own 4.60% of the company’s stock.
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West Corporation Company Profile
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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