Modest Money | Jul 17, 2016 12:53AM ET
Cinedigm Corp (NASDAQ:CIDM)
Ciedigm is having an incredible day in the market today, and for good reason. The company reported its earnings for the fourth quarter, beating expectations and exciting investors. Today, we’ll talk about what we saw from the earnings report, how the market reacted to the news, and what we can expect to see from CIDM moving forward. So, let’s get right to it…
h3 CIDM Reports Strong Earnings/h3As mentioned above, Cinedigm is having an incredibly strong trading session today, and for good reason. The company released its earnings report yesterday after the closing bell, along with key updates. Here’s what we saw from the report.
“This streamlining will further improve board efficiency and I am confident the board is fully aligned with shareholder interest.”
h3 How The Market Reacted To The News/h3As investors, one of the first things that we learn is that the news moves the market. Any time positive news is released with regard to a publicly traded company, we can expect to see gains in the stock associated with the news. Adversely, when negative news is released, we can expect to see declines. In this particular case, the news that was released with regard o CIDM was overwhelmingly positive. As a result, the stock had a strong day in the market today. By the end of the trading session, the stock closed the day off at $1.59 per share after a gain of $0.69 per share or 77.06%.
h3 What We Can Expect To See Moving Forward/h3Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from Cinedigm. The reality is that the loss being smaller is good news. However, that’s not why investors are so happy. The excitement is coming from the fact that the company is doing incredibly well on its cost savings initiatives. On top of that, the management news was overwhelmingly positive. At the moment, it seems as though CIDM is on track for strong gains ahead.
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