News coverage about Gogo (NASDAQ:GOGO) has trended somewhat negative this week, according to Alpha One Sentiment. Alpha One, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gogo earned a daily sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave news articles about the technology company an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected AlphaOne Sentiment Analysis’s analysis:
- Trends of Connected Aircraft Market with Worldwide Industry Analysis to 2026 (sbwire.com)
- Gogo Inc (GOGO) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- K5-Aviation is Gogo’s First 2Ku Business Aviation Customer in Europe – PR Newswire (press release) (prnewswire.com)
- Study: Millennials Expect Same Wi-Fi Experience in the Air as at Home – PR Newswire (press release) (prnewswire.com)
A number of analysts have issued reports on GOGO shares. Zacks Investment Research raised Gogo from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, May 3rd. Dougherty & Co raised their target price on Gogo from $16.00 to $17.50 and gave the stock a “buy” rating in a research report on Monday, May 1st. Finally, Guggenheim initiated coverage on Gogo in a research report on Wednesday, January 25th. They issued a “buy” rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Gogo currently has an average rating of “Buy” and a consensus target price of $14.67.
Shares of Gogo (NASDAQ:GOGO) opened at 12.68 on Friday. The company’s 50-day moving average price is $12.27 and its 200 day moving average price is $10.42. Gogo has a 1-year low of $7.80 and a 1-year high of $13.69. The company’s market cap is $1.10 billion.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.52) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.52). Gogo had a negative net margin of 22.89% and a negative return on equity of 441.18%. The company had revenue of $165.41 million during the quarter, compared to analysts’ expectations of $160.04 million. During the same quarter in the prior year, the company earned ($0.31) EPS. Gogo’s revenue was up 16.7% compared to the same quarter last year. On average, analysts predict that Gogo will post ($1.92) earnings per share for the current fiscal year.
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Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).
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