Oblong (OBLG) to Release Quarterly Earnings on Wednesday

Oblong (NYSE:OBLG – Get Rating) is set to release its earnings data after the market closes on Wednesday, May 11th. Analysts expect Oblong to post earnings of ($0.10) per share for the quarter.

Oblong (NYSE:OBLG – Get Rating) last released its quarterly earnings data on Tuesday, March 29th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $1.97 million during the quarter, compared to analyst estimates of $1.72 million. Oblong had a negative net margin of 125.57% and a negative return on equity of 48.24%. On average, analysts expect Oblong to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Oblong stock opened at $0.48 on Thursday. The company has a market capitalization of $14.79 million, a PE ratio of -1.14 and a beta of 2.20. The company has a 50-day simple moving average of $0.60 and a two-hundred day simple moving average of $0.97. Oblong has a one year low of $0.42 and a one year high of $4.74.

A hedge fund recently bought a new stake in Oblong stock. Citadel Advisors LLC bought a new stake in shares of Oblong Inc. (NYSE:OBLG – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,119 shares of the company’s stock, valued at approximately $88,000. Citadel Advisors LLC owned approximately 0.14% of Oblong at the end of the most recent reporting period. 58.71% of the stock is owned by institutional investors and hedge funds.

About Oblong (Get Rating)

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.

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