The stock of Lionbridge Technologies, Inc. (NASDAQ:LIOX) is a huge mover today! About 621,225 shares traded hands or 331.89% up from the average. Lionbridge Technologies, Inc. (NASDAQ:LIOX) has declined 0.21% since April 6, 2016 and is downtrending. It has underperformed by 2.16% the S&P500.
The move comes after 7 months negative chart setup for the $283.77M company. It was reported on Nov, 8 by Barchart.com. We have $4.07 PT which if reached, will make NASDAQ:LIOX worth $28.38 million less.
Analysts await Lionbridge Technologies, Inc. (NASDAQ:LIOX) to report earnings on November, 14. They expect $0.12 earnings per share, up 20.00% or $0.02 from last year’s $0.1 per share. LIOX’s profit will be $7.53M for 9.42 P/E if the $0.12 EPS becomes a reality. After $0.11 actual earnings per share reported by Lionbridge Technologies, Inc. for the previous quarter, Wall Street now forecasts 9.09% EPS growth.
According to Zacks Investment Research, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.53, from 1.34 in 2016Q1. The ratio dived, as 7 funds sold all Lionbridge Technologies, Inc. shares owned while 46 reduced positions. 16 funds bought stakes while 27 increased positions. They now own 37.60 million shares or 7.93% less from 40.84 million shares in 2016Q1.
Citadel Advsr Limited Liability Corp owns 20,404 shares or 0% of their US portfolio. Spark Investment Management owns 40,400 shares or 0.01% of their US portfolio. Axa holds 90,600 shares or 0% of its portfolio. Springbok Ltd Com reported 10,800 shares or 0.01% of all its holdings. Rhumbline Advisers owns 72,298 shares or 0% of their US portfolio. Guggenheim Cap Limited Liability Com owns 20,300 shares or 0% of their US portfolio. Tudor Investment Et Al has 41,553 shares for 0% of their US portfolio. State Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The accumulated 45,116 shares or 0% of the stock. Prescott Grp Cap Management Limited Liability holds 353,017 shares or 0.34% of its portfolio. The New York-based Secor Cap Advsrs L P has invested 0.04% in Lionbridge Technologies, Inc. (NASDAQ:LIOX). Aqr Capital Management Lc holds 0% of its portfolio in Lionbridge Technologies, Inc. (NASDAQ:LIOX) for 23,819 shares. Ladenburg Thalmann Finance Svcs accumulated 0% or 15 shares. Tower Research Capital Lc (Trc) accumulated 7,365 shares or 0% of the stock. Credit Suisse Ag has 89,659 shares for 0% of their US portfolio.
More notable recent Lionbridge Technologies, Inc. (NASDAQ:LIOX) news were published by: Prnewswire.com which released: “Lionbridge reports Q3 results with revenue of $135.2 Million, GAAP EPS of $0 …” on November 08, 2016, also Prnewswire.com with their article: “Lionbridge Reports Q2 Results With Record Revenue of $144.2 Million, GAAP EPS …” published on August 04, 2016, Prnewswire.com published: “Lionbridge Awarded Patent for Real-Time Translation Solution” on August 10, 2016. More interesting news about Lionbridge Technologies, Inc. (NASDAQ:LIOX) were released by: Prnewswire.com and their article: “Lionbridge Awarded Top Ranking among World’s Largest 100 Language Services …” published on July 12, 2016 as well as Seekingalpha.com‘s news article titled: “Lionbridge Technologies, Inc. (LIOX) CEO Rory Cowan on Q2 2016 Results …” with publication date: August 05, 2016.
LIOX Company Profile
Lionbridge Technologies, Inc. (Lionbridge), incorporated on October10, 1997, is a well-known provider of globalization solutions. The Firm provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Firm operates in three divisions: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services. Lionbridge provides a suite of globalization solutions to businesses in various markets, including technology, manufacturing, life sciences, automotive, aerospace, business services, retail, government, financial and legal.
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