Lionbridge Technologies (LIOX) is Reiterated by Barrington Research to Outperform, Lowers Price Target to $ 7

Lionbridge Technologies (LIOX) was Reiterated by Barrington Research to “Outperform” while Lowering the Price Target of the company shares to $ 7 from a previous price target of $8 . Barrington Research advised their investors in a research report released on May 9, 2016.

On the company’s financial health, Lionbridge Technologies reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.04. The company had revenue of $136.47 million for the quarter, compared to analysts expectations of $138.15 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Lionbridge Technologies opened for trading at $4.02 and hit $4.26 on the upside on Friday, eventually ending the session at $4.26, with a gain of 3.90% or 0.16 points. The heightened volatility saw the trading volume jump to 2,28,184 shares. Company has a market cap of $273 M.

In a different news, on Mar 9, 2016, Paul Kavanagh (director) sold 10,000 shares at $5.01 per share price. According to the SEC, on Mar 4, 2016, Steven R Fisher (director) sold 10,000 shares at $4.89 per share price. On Nov 13, 2015, Paula Shannon (Chief Sales Officer, SVP) sold 117,640 shares at $5.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Lionbridge Technologies Inc. (Lionbridge) is a provider of globalization solutions. The Company provides translation online marketing global content management and application testing solutions that ensure local relevancy global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC) Global Enterprise Solutions (GES) and Interpretation Services. Under GLC solutions it translates localizes and adapts clients’ content and products to meet the language cultural technical and industry-specific requirements of users in local markets throughout the world. Under GES solutions it tests software and online search results to help clients deliver high-quality relevant applications in global markets. It offers telephonic onsite and simultaneous interpretation services in over 360 languages to federal state and local government agencies businesses and healthcare organizations.

Lionbridge Technologies

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