Tangoe Inc (TNGO) : Simcoe Capital Management has sold out all of its stake in Tangoe Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 100,000 shares of Tangoe Inc which is valued at $945,000.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in TNGO by selling 1,321 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 28,642 shares of TNGO which is valued at $270,667. Tower Research Capital (trc) added TNGO to its portfolio by purchasing 1,047 company shares during the most recent quarter which is valued at $9,894.
Tangoe Inc closed down -0.04 points or -0.41% at $9.71 with 67,708 shares getting traded on Monday. Post opening the session at $9.75, the shares hit an intraday low of $9.56 and an intraday high of $9.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
Many Wall Street Analysts have commented on Tangoe Inc. Tangoe Inc was Downgraded by Barrington Research to ” Mkt Perform” on Jul 7, 2016.
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.