Gridsum Holding (GSUM) Earning Somewhat Positive News Coverage, Report Shows

Press coverage about Gridsum Holding (NASDAQ:GSUM) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gridsum Holding earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.6000651112665 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

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Separately, Zacks Investment Research downgraded shares of Gridsum Holding from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st.

Gridsum Holding (NASDAQ:GSUM) opened at 8.46 on Friday. Gridsum Holding has a 12-month low of $6.76 and a 12-month high of $18.29.

Gridsum Holding (NASDAQ:GSUM) last posted its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $87.61 million. Gridsum Holding’s revenue was up 57.3% on a year-over-year basis. Analysts anticipate that Gridsum Holding will post ($0.06) EPS for the current year.

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Gridsum Holding Company Profile

Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.