Media stories about ORBCOMM (NASDAQ:ORBC) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ORBCOMM earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.8692263601337 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
ORBCOMM (ORBC) opened at $10.09 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.08 and a debt-to-equity ratio of 1.00. ORBCOMM has a one year low of $8.91 and a one year high of $11.99. The firm has a market capitalization of $754.32, a P/E ratio of -12.01 and a beta of 0.96.
ORBCOMM (NASDAQ:ORBC) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.10) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.10). ORBCOMM had a negative return on equity of 10.07% and a negative net margin of 24.11%. The business had revenue of $75.98 million for the quarter, compared to the consensus estimate of $71.68 million. During the same period last year, the business earned ($0.05) EPS. The firm’s revenue was up 62.4% compared to the same quarter last year. research analysts predict that ORBCOMM will post -0.19 earnings per share for the current fiscal year.
In other ORBCOMM news, CEO Marc Eisenberg sold 23,960 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $10.89, for a total value of $260,924.40. Following the sale, the chief executive officer now owns 366,508 shares of the company’s stock, valued at approximately $3,991,272.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert G. Costantini sold 11,019 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 62,669 shares of company stock worth $670,162 over the last three months. 9.50% of the stock is owned by company insiders.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2018/03/18/orbcomm-orbc-given-media-impact-score-of-0-06.html.
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.
Receive News & Ratings for ORBCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORBCOMM and related companies with MarketBeat.com's FREE daily email newsletter.