B. Riley Reinstates ClearOne Incoprorated to Buy

Brokerage firm B. Riley Reinstates its rating on ClearOne Incoprorated(CLRO). The shares have been rated Buy. The rating by the stock financial advisor at B. Riley was issued on Mar 15, 2017 in a research report to their Investors and Clients.

ClearOne Incoprorated (CLRO) made into the market gainers list on Fridays trading session with the shares advancing 0.71% or 0.075 points. Due to strong positive momentum, the stock ended at $10.7, which is also near the day’s high of $10.7. The stock began the session at $10.7 and the volume stood at 3,915 shares. The 52-week high of the shares is $12.6 and the 52 week low is $9.51. The company has a current market capitalization of $95 M and it has 88,75,659 shares in outstanding.

ClearOne Incoprorated(CLRO) last announced its earnings results on Mar 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $10.730M. Analysts had an estimated revenue of $13.700M. Earnings per share were $-0.02. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Larry Hendricks (director) purchased 1,012 shares at $10.57 per share price.Also, On Jul 25, 2016, Scott Huntsman (director) sold 35,832 shares at $11.27 per share price.

ClearOne Inc. (ClearOne) is a global company that designs develops and sells conferencing collaboration streaming and digital signage solutions for audio/voice and visual communications. The Company designs develops markets and services a line of conferencing products for personal use as well as traditional tabletop mid-tier professional products for large medium and small businesses. Its end users range from companies and institutions to small and medium-sized businesses higher education and government organizations as well as individual consumers. It sells its products to these end users through a global network of independent distributors who in turn sell its products to dealers systems integrators and other value-added resellers. Its products are categorized into the Professional audio communication products; Unified communications audio end points and Visual communication products. The Company’s products include CONVERGE Pro INTERACT and MAX EX among others.

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