DigitalGlobe Inc (DGI) is Downgraded by Morgan Stanley to Equal-Weight

DigitalGlobe Inc (DGI) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on May 17, 2016.

Many Wall Street Analysts have commented on DigitalGlobe Inc. DigitalGlobe Inc was Downgraded by Chardan Capital Markets to ” Neutral” on Feb 26, 2016.

On the company’s financial health, DigitalGlobe Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.07. The company had revenue of $175.40 million for the quarter, compared to analysts expectations of $166.52 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

DigitalGlobe Inc opened for trading at $21.17 and hit $21.55 on the upside on Monday, eventually ending the session at $21.3, with a gain of 1.24% or 0.26 points. The heightened volatility saw the trading volume jump to 2,00,337 shares. Company has a market cap of $1,341 M.

In a different news, on May 3, 2016, L Roger Jr. Mason (director) purchased 225 shares at $22.09 per share price. According to the SEC, on Mar 8, 2016, Stephanie Comfort (SVP, Strategy, Comms and Mktg) purchased 500 shares at $16.70 per share price. On Mar 4, 2016, Kimberly Till (director) purchased 180 shares at $16.43 per share price, according to the Form-4 filing with the securities and exchange commission.

DigitalGlobe Inc. (DigitalGlobe) is a provider of geospatial information products and services. The Company’s products and services support users in a variety of fields including defense intelligence and homeland security mapping and analysis environmental monitoring oil and gas exploration and infrastructure management. The Company offers earth imagery products that include imagery from its constellation of high-resolution satellites as well as satellite and aerial imagery acquired from a third party supplier. The Company processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method that suits its customers’ needs. DigitalGlobe sell its products and services through a combination of direct and indirect channels consisting of a global network of resellers strategic partners direct enterprise sales and web.

DigitalGlobe Inc

Leave a Reply

DigitalGlobe Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on DigitalGlobe Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.