News coverage about Wipro Limited (NYSE:WIT) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wipro Limited earned a news sentiment score of 0.37 on Alpha One’s scale. Alpha One also gave news headlines about the information technology services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Technology News: Allwinner Technology supports the new Google Cloud IoT Core, helping to simplify enterprise adoption of IoT solutions (robinspost.com)
- Wipro : Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors (4-traders.com)
- Wipro Limited (WIT) Given Consensus Recommendation of “Sell” by Analysts (americanbankingnews.com)
- Wipro goes big on blockchain – Finextra (finextra.com)
- Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain Across Industry Sectors (finance.yahoo.com)
WIT has been the topic of a number of research analyst reports. TheStreet raised shares of Wipro Limited from a “c+” rating to a “b-” rating in a research note on Friday, March 17th. Zacks Investment Research raised shares of Wipro Limited from a “sell” rating to a “hold” rating in a research note on Saturday, March 18th. Four analysts have rated the stock with a sell rating, The stock currently has a consensus rating of “Sell” and an average target price of $8.50.
Shares of Wipro Limited (NYSE:WIT) traded up 0.67% during midday trading on Friday, reaching $10.45. 651,423 shares of the company’s stock traded hands. Wipro Limited has a 52 week low of $9.00 and a 52 week high of $12.47. The company has a market capitalization of $25.26 billion, a PE ratio of 19.21 and a beta of 0.94. The stock’s 50 day moving average is $9.99 and its 200-day moving average is $9.72.
Wipro Limited (NYSE:WIT) last announced its quarterly earnings results on Tuesday, April 25th. The information technology services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Wipro Limited had a return on equity of 17.32% and a net margin of 15.46%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.06 billion. On average, analysts forecast that Wipro Limited will post $0.54 earnings per share for the current fiscal year.
About Wipro Limited
Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.
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