Revenue Update on DigitalGlobe Inc(NYSE:DGI)

DigitalGlobe Inc(NYSE:DGI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $175.50M. Analysts estimated a revenue of $168.71M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.05.

In a different note, On May 17, 2016, Morgan Stanley said it Downgrades its rating on DigitalGlobe Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

DigitalGlobe Inc (DGI) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.07 points. Due to strong positive momentum, the stock ended at $26.98, which is also near the day’s high of $27.22. The stock began the session at $26.92 and the volume stood at 2,40,845 shares. The 52-week high of the shares is $27.25 and the 52 week low is $11.8. The company has a current market capitalization of $1,691 M and it has 6,26,58,503 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, L Roger Jr. Mason (director) purchased 225 shares at $22.09 per share price.Also, On Mar 8, 2016, Stephanie Comfort (SVP, Strategy, Comms and Mktg) purchased 500 shares at $16.70 per share price.On Mar 4, 2016, Kimberly Till (director) purchased 180 shares at $16.43 per share price, according to the Form-4 filing with the securities and exchange commission.

DigitalGlobe Inc. (DigitalGlobe) is a provider of geospatial information products and services. The Company’s products and services support users in a variety of fields including defense intelligence and homeland security mapping and analysis environmental monitoring oil and gas exploration and infrastructure management. The Company offers earth imagery products that include imagery from its constellation of high-resolution satellites as well as satellite and aerial imagery acquired from a third party supplier. The Company processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method that suits its customers’ needs. DigitalGlobe sell its products and services through a combination of direct and indirect channels consisting of a global network of resellers strategic partners direct enterprise sales and web.

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