Zacks: Clearone Inc (CLRO) Given $6.00 Average Target Price by Brokerages
Clearone Inc (NASDAQ:CLRO) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $6.00 for the company, according to Zacks. Zacks has also assigned Clearone an industry rank of 84 out of 255 based on the ratings given to its competitors.
Several equities analysts recently weighed in on CLRO shares. ValuEngine downgraded Clearone from a “buy” rating to a “hold” rating in a research report on Tuesday. Singular Research lifted their target price on Clearone from $4.00 to $6.00 and gave the company a “long” rating in a research report on Thursday, August 16th.
Clearone (NASDAQ:CLRO) last released its earnings results on Thursday, August 9th. The communications equipment provider reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.03. The company had revenue of $6.97 million for the quarter. Clearone had a negative return on equity of 9.36% and a negative net margin of 49.58%.
ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.
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