Kaleyra, Inc. (KLR)
12.60 +0.01 (0.08%)
After hours: 4:06PM EDT
Chart Events
Performance Outlook
| Previous Close | 12.81 |
| Open | 13.03 |
| Bid | 12.57 x 1100 |
| Ask | 12.45 x 800 |
| Day's Range | 12.20 - 13.13 |
| 52 Week Range | 3.80 - 20.75 |
| Volume | 240,504 |
| Avg. Volume | 596,863 |
| Market Cap | 388.791M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Zacks
Will Kaleyra (KLR) Report Negative Q1 Earnings? What You Should Know
Kaleyra (KLR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- SmarterAnalyst
Kaleyra Signs Agreement With Visa For Digital Push; Street Says Buy
Kaleyra, a mobile communication services provider, and Visa have signed a new agreement to enhance digital payments across the Latin America and Caribbean region. Per the terms of the contract, k-lab, the innovation lab of Kaleyra (KLR), will act as a communication solutions provider for Visa partners and will resolve all digital communication issues prevalent across the industry. Notably, issues to be resolved include streamlining KYC, reminders of reward benefits, and prior intimation through messages to avoid transaction declines. Kaleyra CEO Dario Calogero said, “I’ve been really encouraged by the synergies between the solution building approach of k-lab and the deep understanding the Visa (V) team have of the region. These highly customer-centric communication modules will be delivering huge operational savings to Latin American issuers as well as delighting their customers.” Last month, Kaleyra agreed to buy mGage, a global mobile messaging provider, in a cash-and-stock deal worth $215 million. The acquisition is expected to close in the second quarter of 2021. After completion of the acquisition, the company is expected to generate more than $350 million in revenue for fiscal 2021. (See Kaleyra stock analysis on TipRanks) On March 19, Northland Securities analyst Michael Latimore reiterated a Buy rating on the stock with a price target of $23 (42.6% upside potential). “Based on recent industry checks,” Latimore believes “Kaleyra’s (KLR) Q1 is tracking in-line with his expectation of 21% year-over-year growth with sequential drivers for Q2.” In a note to investors, the analyst said, “Kaleyra signed a large media customer in the Americas at the start of 2020 and the customer will continue to leverage its services this year.” Kaleyra shares have exploded almost 141% over the past year, while the stock still scores a Strong Buy consensus rating based on 3 unanimous Buys. That’s alongside an average analyst price target of $30, which implies upside potential of about 86% to current levels. Furthermore, Kaleyra scores an 8 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Ametek Inks Deal To Acquire Abaco Systems For $1.35B Embraer Posts Smaller-Than-Feared Quarterly Loss; Shares Pop 7% FDA Accepts New Drug Application For Bristol Myers Squibb’s Mavacamten More recent articles from Smarter Analyst: Oracle Prices Notes Worth $15B; Street Sees 12% Upside Cardiovascular Systems Buys WavePoint Medical’s Peripheral Support Catheters Raven’s 4Q Results Miss Analysts’ Expectations; Shares Sink 9% BioLife Solutions Rises 17% On Stronger-Than-expected FY21 Revenue Outlook
- SmarterAnalyst
Kaleyra To Snap Up mGage For $215M; Street Sees 54% Upside
Kaleyra has agreed to buy global mobile messaging provider mGage in a cash-and-stock deal worth $215 million. Shares of the mobile communication services provider rose 1.5% and closed at $16.93 on Feb. 19. The company said that Kaleyra (KLR) and mGage on a proforma basis will process more than 50 billion transactions globally, with North America generating 31% of revenue, Europe contributing 30% and the balance coming equally from APAC and Latin America. After completion of the acquisition, Kaleyra is expected to generate more than $350 million in revenue for the fiscal year 2021. The purchase price includes $195 million in cash and 1.6 million shares of Kaleyra common stock. Kaleyra is looking to fund the deal and related costs through an issue of senior unsecured convertible notes due 2026 worth $200 million and the sale of 8.4 million shares of common stock via a private investment in public equity (PIPE) offering. A total of 10 million shares will be issued for the PIPE offering for a total value of $125 million. The transaction is expected to close in the second quarter of 2021. The sale of common stock and the convertible notes will close before the deal closure. (See Kaleyra stock analysis on TipRanks) Kaleyra CEO Dario Calogero said, “Kaleyra and mGage together are uniting two world class enterprise cloud communications companies to create a top-5 global CPaaS platform with a diversified and balanced product portfolio and geographical representation.” “This combination will accelerate and expand Kaleyra’s opportunity to serve the CPaaS market which is expected to reach $26 billion in 2025 with a compound annual growth rate of 35% and consolidate the A2P Enterprise messaging market which is expected to reach $78 billion in 2022,” he added. On Feb. 16, Kaleyra reported 4Q results. The company incurred a loss of $0.15 per share in the quarter, compared with the $0.09 loss per share estimated by analysts. Total revenues generated in the quarter amounted to $44.3 million, above analysts’ expectations of $42.2 million. For the first quarter of 2021, the company projects revenue to be in the range of $40.5 million to $41.5 million. On Feb. 17, Northland Securities analyst Michael Latimore reiterated a Buy rating on the stock with a price target of $23 (36% upside potential) after the company “returned to strong y/y growth in 4Q, up 24%, aided by tailwinds in ecommerce, India and voice services, and solid recovery in Italy.” Kaleyra shares have exploded almost 109% over the past year, while the stock still scores a Strong Buy consensus rating based on 3 unanimous Buys. That’s alongside an average analyst price target of $26, which implies upside potential of about 54% to current levels. Furthermore, Kaleyra scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Western Alliance To Buy AmeriHome For $1B; Shares Drop 3.5% Match Group Snaps Up Hyperconnect For $1.73B; Shares Gain 2.4% Redfin To Buy RentPath For $608M; Shares Jump 12% More recent articles from Smarter Analyst: Stifel Financial Buys North Atlantic Capital’s Future Venture Investment Business AG Mortgage Spikes 18% After 4Q Sales Crush Estimates Essent Group Misses 4Q Earnings Estimates; Street Stays Bullish eHealth Spikes 6.3% After Hudson Executive Shores Up Stake To 5.8%
