UPDATE: Deutsche Bank Raises PT to $26 on Tangoe; Solid Q, Guidance Raise

Deutsche Bank increases its price target from $25 to $26 on Buy-rated Tangoe

following solid results and a raised guidance in the latest quarterly report. Deutsche Bank comments, "Beat on revenue and EPS; guidance tweaked up. Tangoe delivered a modest beat on estimates at $34.1m/$0.09 vs. our $33m/$0.07 and consensus of $33m/$0.08. Guidance was tweaked up on revenue and EBITDA, with EPS adjusted down 1c (after the 2c dilution." TNGO closed at $19.30 on Tuesday.