Tangoe (TNGO) Misses Q2 EPS by 9c; Issues Light Q3, FY15 Outlook
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Go back to Tangoe (TNGO) Misses Q2 EPS by 9c; Issues Light Q3, FY15 Outlook
August 7, 2015 8:17 AM EDT
Roth Capital maintained a Buy rating on Tangoe (NASDAQ: TNGO) and cut price target to $16.00 (from $25.00), following 2Q15 results. 2Q15 revenues of $54.5M missed consensus estimates of $56.8M. forecast. EPS of $0.10 also sharply missed consensus at $0.19.
Analyst Richard Baldry commented, "TNGO's 2Q15... More
August 7, 2015 7:15 AM EDT
Northland Capital Markets downgraded Tangoe (NASDAQ: TNGO) from Outperform to Market Perform with a price target of $9.00 (from $18.00).
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 $10.35 yesterday.
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August 7, 2015 6:39 AM EDT
Deutsche Bank downgraded Tangoe (NASDAQ: TNGO) from Buy to Hold with a price target of $10.00 (from $18.00). The change follows Q2 results with revenue that missed expectations due to sales execution challenges, noted analyst Nandan Amladi.
"TNGO reported 2Q15 rev/EPS of $55.5m/$0.10, well... More
