Tangoe (TNGO) Receiving Positive Media Coverage, Study Finds

News coverage about Tangoe (NASDAQ:TNGO) has been trending positive recently, according to Alpha One. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tangoe earned a media sentiment score of 0.26 on Alpha One’s scale. Alpha One also assigned press coverage about the technology company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have effected Alpha One’s analysis:

Insider Buying and Selling by Quarter for Tangoe (NASDAQ:TNGO)

Tangoe (NASDAQ TNGO) traded up 0.15% during mid-day trading on Friday, reaching $6.50. The company had a trading volume of 3,176 shares. Tangoe has a 52-week low of $4.50 and a 52-week high of $10.39. The company’s 50 day moving average is $6.46 and its 200 day moving average is $6.57. The stock’s market capitalization is $253.03 million.

A number of analysts have recently weighed in on the company. TheStreet cut Tangoe from a “c-” rating to a “d+” rating in a research report on Wednesday, February 22nd. Stifel Nicolaus lowered their target price on Tangoe from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Monday, May 1st.

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About Tangoe

Tangoe, Inc is a provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Company offers its services to a range of global enterprises and service providers. Its products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS).

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