Oppenheimer Raises Numbers on Tangoe (TNGO); ttMobiles Acquisition Accretive
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Price: $5.10 --0%
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Oppenheimer maintains an 'Outperform' on Tangoe (NASDAQ: TNGO) price target raised $1 to $21.
Analyst, Brad Reback, said, "We view this as yet another solid acquisition for Tangoe as it expands its European footprint, adds complementary mobile TEM technology to its growing portfolio, and provides plenty of up/cross-sell opportunities to legacy customers. Further, we continue to believe Tangoe can deliver at least 15-20% organic recurring revenue growth through a variety of drivers for the foreseeable future."
"We now expect FY12E EPS/rev. of $0.42/$143.1M and FY13E of $0.61/$169.2M from $0.41/$138.6M and $0.59/$164.2M, respectively."
For an analyst ratings summary and ratings history on Tangoe click here. For more ratings news on Tangoe click here.
Shares of Tangoe closed at $17.74 yesterday.
Analyst, Brad Reback, said, "We view this as yet another solid acquisition for Tangoe as it expands its European footprint, adds complementary mobile TEM technology to its growing portfolio, and provides plenty of up/cross-sell opportunities to legacy customers. Further, we continue to believe Tangoe can deliver at least 15-20% organic recurring revenue growth through a variety of drivers for the foreseeable future."
"We now expect FY12E EPS/rev. of $0.42/$143.1M and FY13E of $0.61/$169.2M from $0.41/$138.6M and $0.59/$164.2M, respectively."
For an analyst ratings summary and ratings history on Tangoe click here. For more ratings news on Tangoe click here.
Shares of Tangoe closed at $17.74 yesterday.
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