Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Presidio (PSDO) Share Price

Press coverage about Presidio (NASDAQ:PSDO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Presidio earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3450380380245 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Presidio (NASDAQ PSDO) opened at $18.68 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. Presidio has a 52-week low of $12.75 and a 52-week high of $18.89.

Presidio (NASDAQ:PSDO) last released its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The business had revenue of $753.90 million for the quarter, compared to analysts’ expectations of $741.59 million. Presidio’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts forecast that Presidio will post 0.57 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on PSDO. BidaskClub upgraded shares of Presidio from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research cut shares of Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Evercore ISI set a $19.00 price objective on shares of Presidio and gave the stock a “buy” rating in a report on Monday, December 11th. Barclays upped their price objective on shares of Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.75.

In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

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About Presidio

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

Insider Buying and Selling by Quarter for Presidio (NASDAQ:PSDO)

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