CUI Global Inc (CUI) Releases Earnings Results, Misses Expectations By $-0.04 EPS

CUI Global Inc (CUI) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.03. The company posted revenue of $23.10 million in the period, compared to analysts expectations of $23.96 million. The company’s revenue was up .9% compared to the same quarter last year.

Many Wall Street Analysts have commented on CUI Global Inc. Shares were Reiterated by Dougherty & Company on May 11, 2016 to “Buy” and Lowered the Price Target to $ 9 from a previous price target of $10 .

CUI Global Inc closed down -0.09 points or -1.79% at $4.94 with 70,409 shares getting traded on Friday. Post opening the session at $5.02, the shares hit an intraday low of $4.91 and an intraday high of $5.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 27, 2016, Thomas A Price (director) purchased 2,000 shares at $4.96 per share price. According to the SEC, on Jun 22, 2016, William J Clough (CEO) purchased 1,000 shares at $5.20 per share price. On May 31, 2016, Daniel Ned Ford (CFO) purchased 500 shares at $5.86 per share price, according to the Form-4 filing with the securities and exchange commission.

CUI Global Inc. is a technology company. The Company operates through its three subsidiaries: CUI Inc. CUI Japan and Orbital Gas Systems Limited (Orbital). The Company operates through three segments: Power and Electro-Mechanical Gas and Other. CUI Inc. and CUI Japan are providers of electronic components including power supplies transformers converters connectors and industrial controls for Original Equipment Manufacturers (OEMs). Orbital is a natural gas systems integrator in the United Kingdom. The Company’s Power and Electro-Mechanical segment is focused on the operations of CUI Inc. and CUI Japan for the sale of internal and external power supplies and related components industrial controls and test and measurement devices. The Company’s Gas segment is focused on the operations of Orbital Gas Systems Limited which includes gas related test and measurement systems including the GasPT2.

CUI Global Inc

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