WidePoint Co. (NYSEAMERICAN:WYY) – Equities research analysts at B. Riley dropped their Q4 2019 EPS estimates for shares of WidePoint in a note issued to investors on Thursday, August 15th. B. Riley analyst M. Crawford now forecasts that the technology company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.01. B. Riley also issued estimates for WidePoint’s FY2020 earnings at $0.02 EPS.
Separately, Zacks Investment Research downgraded WidePoint from a “hold” rating to a “sell” rating in a research note on Saturday.
An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC boosted its holdings in WidePoint Co. (NYSEAMERICAN:WYY) by 29.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,138,570 shares of the technology company’s stock after purchasing an additional 257,123 shares during the quarter. Renaissance Technologies LLC owned approximately 1.35% of WidePoint worth $476,000 as of its most recent SEC filing.
WidePoint Company Profile
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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