ORBCOMM (ORBC) Given Daily Coverage Optimism Score of 0.13

Headlines about ORBCOMM (NASDAQ:ORBC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing 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. ORBCOMM earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.4338920597845 out of 100, indicating that recent media 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 headlines that may have impacted Accern’s analysis:

Shares of ORBCOMM (NASDAQ:ORBC) opened at $10.54 on Friday. The stock has a market capitalization of $768.93, a PE ratio of -13.51 and a beta of 0.84. The company has a current ratio of 2.79, a quick ratio of 2.21 and a debt-to-equity ratio of 0.99. ORBCOMM has a fifty-two week low of $7.77 and a fifty-two week high of $11.99.

ORBCOMM (NASDAQ:ORBC) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $69.37 million for the quarter, compared to analysts’ expectations of $65.62 million. ORBCOMM had a negative return on equity of 8.01% and a negative net margin of 25.32%. The firm’s quarterly revenue was up 49.9% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. sell-side analysts predict that ORBCOMM will post -0.84 earnings per share for the current fiscal year.

ORBC has been the subject of several analyst reports. Zacks Investment Research cut ORBCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub cut ORBCOMM from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.08.

In other news, Director Jerome B. Eisenberg sold 7,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $10.67, for a total value of $74,690.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert G. Costantini sold 11,019 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $10.89, for a total value of $119,996.91. Following the completion of the transaction, the chief financial officer now owns 200,215 shares in the company, valued at approximately $2,180,341.35. The disclosure for this sale can be found here. Insiders sold a total of 97,224 shares of company stock valued at $1,043,980 over the last three months. Company insiders own 9.50% of the company’s stock.

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ORBCOMM Company Profile

ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.

Insider Buying and Selling by Quarter for ORBCOMM (NASDAQ:ORBC)

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