ClearOne’s (CLRO) “Buy” Rating Reiterated at B. Riley
B. Riley restated their buy rating on shares of ClearOne, Inc. (NASDAQ:CLRO) in a report published on Thursday. B. Riley currently has a $8.50 price target on the communications equipment provider’s stock. B. Riley also issued estimates for ClearOne’s Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.12 EPS and Q4 2018 earnings at $0.16 EPS.
Separately, ValuEngine upgraded shares of ClearOne from a sell rating to a hold rating in a research note on Friday, September 1st.
Shares of ClearOne (CLRO) traded down $0.10 during mid-day trading on Thursday, hitting $6.70. 29,300 shares of the stock traded hands, compared to its average volume of 8,542. ClearOne has a 12 month low of $6.70 and a 12 month high of $12.60. The stock has a market cap of $56.50, a price-to-earnings ratio of 223.33 and a beta of 1.36.
ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). ClearOne had a negative net margin of 26.92% and a positive return on equity of 0.21%. The business had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $12.01 million. equities research analysts expect that ClearOne will post 0.05 EPS for the current year.
WARNING: “ClearOne’s (CLRO) “Buy” Rating Reiterated at B. Riley” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://theolympiareport.com/2017/11/12/clearones-clro-buy-rating-reiterated-at-b-riley.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.28 dividend on an annualized basis and a yield of 4.18%. ClearOne’s dividend payout ratio is -20.74%.
In other ClearOne news, major shareholder Edward D. Bagley acquired 19,604 shares of ClearOne stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $7.65 per share, for a total transaction of $149,970.60. Following the purchase, the insider now owns 1,885,816 shares of the company’s stock, valued at $14,426,492.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward D. Bagley acquired 10,000 shares of ClearOne stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $7.68 per share, with a total value of $76,800.00. Following the completion of the purchase, the insider now directly owns 1,870,914 shares in the company, valued at approximately $14,368,619.52. The disclosure for this purchase can be found here. Insiders purchased a total of 215,949 shares of company stock valued at $1,604,300 over the last quarter. 9.45% of the stock is owned by company insiders.
ClearOne Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
Receive News & Ratings for ClearOne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearOne Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.