Media coverage about Tangoe (NASDAQ:TNGO) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tangoe earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Separately, Stifel Nicolaus dropped their target price on shares of Tangoe from $8.00 to $6.50 and set a “hold” rating on the stock in a report on Monday, May 1st.
Tangoe (NASDAQ TNGO) opened at 6.35 on Monday. The stock’s market cap is $247.19 million. Tangoe has a 52-week low of $4.50 and a 52-week high of $10.39. The stock has a 50 day moving average price of $6.45 and a 200 day moving average price of $6.30.
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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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