Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tucows (NASDAQ:TCX) Share Price

Press coverage about Tucows (NASDAQ:TCX) (TSE:TC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tucows earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 44.9014972980141 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Tucows (NASDAQ:TCX) opened at 53.60 on Friday. The stock has a market cap of $565.59 million, a P/E ratio of 37.77 and a beta of 1.36. Tucows has a 52 week low of $26.42 and a 52 week high of $63.20. The stock has a 50 day moving average of $55.48 and a 200 day moving average of $53.90.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Tuesday, May 9th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.13. Tucows had a return on equity of 41.65% and a net margin of 6.06%. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $84.05 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 55.7% on a year-over-year basis. On average, analysts expect that Tucows will post $2.20 earnings per share for the current year.

TCX has been the subject of several research reports. Zacks Investment Research lowered shares of Tucows from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. BidaskClub upgraded shares of Tucows from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th.

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In related news, Director Jeffrey Nathan Schwartz sold 7,222 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $57.00, for a total transaction of $411,654.00. Following the sale, the director now directly owns 35,587 shares in the company, valued at $2,028,459. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $56.79, for a total transaction of $2,981,475.00. Following the sale, the director now owns 34,355 shares in the company, valued at $1,951,020.45. The disclosure for this sale can be found here. Insiders have sold 175,825 shares of company stock worth $10,192,803 over the last 90 days. Insiders own 13.20% of the company’s stock.

Tucows Company Profile

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

Insider Buying and Selling by Quarter for Tucows (NASDAQ:TCX)

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