Tangoe Inc (TNGO) was Downgraded by Barrington Research to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Barrington Research advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on Tangoe Inc. Tangoe Inc was Resumed by Raymond James to “Mkt Perform” on Apr 20, 2016.
On the company’s financial health, Tangoe Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.11. The company had revenue of $56.60 million for the quarter, compared to analysts expectations of $58.43 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Tangoe Inc closed down -0.04 points or -0.52% at $7.63 with 1,07,673 shares getting traded on Tuesday. Post opening the session at $7.61, the shares hit an intraday low of $7.5 and an intraday high of $7.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Feb 23, 2016, Thomas P Flynn (General Counsel and Secretary) sold 6,121 shares at $7.94 per share price. According to the SEC, on Feb 23, 2016, Scott E. Snyder (Sr. VP, Corporate Development) sold 9,608 shares at $7.94 per share price. On Nov 23, 2015, Jackie R Kimzey (director) sold 48 shares at $7.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Tangoe Inc. (Tangoe) is a global provider of connection lifecycle management (CLM) software and services to a range of enterprises and service providers. CLM covers the entire spectrum of an enterprise’s connection-based assets and services such as voice and data services mobile devices and usage cloud software infrastructure and services machine-to-machine connections enterprise social and information technology connections and encompasses the entire lifecycle of these assets and services including planning and sourcing procurement and provisioning inventory and usage management mobile device management (MDM) real-time telecommunications expense management (rTEM) invoice processing and payment expense allocation and accounting and asset decommissioning and disposal. The Company’s on-demand Matrix Solution Suite includes software components in categories including asset management expense management usage management and analytics.