News stories about West Corporation (NASDAQ:WSTC) have trended positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. West Corporation earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 84 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Technical Insights on Communication Services Stocks — SBA Communications, West Corp., BT Group, and NeuStar – PR Newswire (press release) (prnewswire.com)
- West Corporation (NasdaqGS:WSTC) and Proto Labs, Inc. (NYSE:PRLB): How Do These Stocks Rank Value-Wise? – Evergreen Caller (evergreencaller.com)
- West Corporation (NASDAQ:WSTC) Experiences Lighter than Usual Trading Volume – Highlight Press (highlightpress.com)
- $582.00 Million in Sales Expected for West Corporation (WSTC) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Anticipate West Corporation (WSTC) Will Announce Earnings of $0.69 Per Share (americanbankingnews.com)
West Corporation (NASDAQ:WSTC) traded up 0.09% on Tuesday, reaching $23.35. 89,454 shares of the company’s stock traded hands. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.77 and a beta of 1.59. The firm has a 50-day moving average price of $23.30 and a 200-day moving average price of $23.94. West Corporation has a 52 week low of $19.64 and a 52 week high of $28.57.
West Corporation (NASDAQ:WSTC) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. The firm had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million. On average, analysts predict that West Corporation will post $2.91 earnings per share for the current year.
WSTC has been the topic of a number of recent analyst reports. Robert W. Baird cut shares of West Corporation from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $24.00 in a research note on Wednesday, May 10th. Deutsche Bank AG lowered shares of West Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $23.50 price objective on shares of West Corporation in a report on Wednesday, May 10th. William Blair lowered shares of West Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised shares of West Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. West Corporation presently has a consensus rating of “Hold” and a consensus target price of $24.88.
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In other West Corporation news, insider Rodney J. Kempkes sold 1,160 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total transaction of $26,854.00. Following the completion of the transaction, the insider now directly owns 62,275 shares of the company’s stock, valued at approximately $1,441,666.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rodney J. Kempkes sold 3,382 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $23.27, for a total value of $78,699.14. Following the transaction, the insider now directly owns 58,893 shares of the company’s stock, valued at $1,370,440.11. The disclosure for this sale can be found here. Insiders have sold a total of 7,924 shares of company stock worth $184,523 over the last quarter. Insiders own 4.60% of the company’s stock.
West Corporation Company Profile
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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