TEUM - Pareteum Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.9400
-0.0400 (-1.34%)
At close: 4:00PM EDT
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Previous Close2.9800
Open3.0000
Bid0.0000 x 21500
Ask0.0000 x 4000
Day's Range2.9100 - 3.0250
52 Week Range1.4500 - 5.9300
Volume2,324,292
Avg. Volume4,497,267
Market Cap328.998M
Beta (3Y Monthly)1.70
PE Ratio (TTM)N/A
EPS (TTM)-0.2040
Earnings DateAug 6, 2019 - Aug 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.93
Trade prices are not sourced from all markets
  • Some Pareteum (NASDAQ:TEUM) Shareholders Have Taken A Painful 87% Share Price Drop
    Simply Wall St.

    Some Pareteum (NASDAQ:TEUM) Shareholders Have Taken A Painful 87% Share Price Drop

    Some stocks are best avoided. We really hate to see fellow investors lose their hard-earned money. Imagine if you held...

  • TMC Names Pareteum a 2019 Communications Solutions Products of the Year Award Winner
    PR Newswire

    TMC Names Pareteum a 2019 Communications Solutions Products of the Year Award Winner

    NEW YORK , Aug. 14, 2019 /PRNewswire/ --  Pareteum Corporation (Nasdaq: TEUM ) , the rapidly growing cloud communications platform company, today announced that TMC, a global, integrated media company, ...

  • Thomson Reuters StreetEvents

    Edited Transcript of TEUM earnings conference call or presentation 6-Aug-19 8:30pm GMT

    Q2 2019 Pareteum Corp Earnings Call

  • Pareteum Corporation (TEUM) Q2 2019 Earnings Call Transcript
    Motley Fool

    Pareteum Corporation (TEUM) Q2 2019 Earnings Call Transcript

    TEUM earnings call for the period ending June 30, 2019.

  • Pareteum Announces Second-Quarter 2019 Financial Results
    PR Newswire

    Pareteum Announces Second-Quarter 2019 Financial Results

    Q2 Revenue of $34 Million Drives Growth of 469% Year-over-Year Q2 Adjusted EBITDA of $6.1 Million Net Dollar-Based Expansion Rate of 151% Year-over-Year Increases Full-Year Revenue Guidance - Projecting ...

  • M1 Selects Pareteum Experience Cloud™ to Power Pan-Asian Mobility Services
    PR Newswire

    M1 Selects Pareteum Experience Cloud™ to Power Pan-Asian Mobility Services

    NEW YORK, July 31, 2019 /PRNewswire/ -- Pareteum Corporation (TEUM), the rapidly growing cloud communications platform company, today announced that it has been selected by leading Singaporean mobile operator M1 Limited (M1) to power the expansion of mobility services across the Asia-Pacific region. M1, which is owned by Keppel Corporation and Singapore Press Holdings, will deploy Pareteum Experience Cloud™ to enable its partner brands to launch mobility services targeting consumer, IoT, and enterprise markets.

  • Chegg (CHGG) & College Pulse Unveil Interactive Polling Tool
    Zacks

    Chegg (CHGG) & College Pulse Unveil Interactive Polling Tool

    Chegg (CHGG) and College Pulse unveil an interactive political poll tracker to report students' views on leading issues in the 2020 election.

  • Pareteum Joins Russell 3000 Index
    PR Newswire

    Pareteum Joins Russell 3000 Index

    NEW YORK , July 2, 2019 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), ("Pareteum" or the "Company"), a rapidly growing Cloud Communications Platform company, joined the Russell ...

  • Benzinga

    Pareteum Adjusts Q2 Sales, Shares Up 14%

    Pareteum Corp (NASDAQ: TEUM ) announced that its positive preliminary financial results for the second quarter are expected to exceed analysts' consensus of $26.2 million for revenue and $4.1 million for ...

  • Pareteum Announces Its Second Quarter 2019 Financial Results Will Exceed Analysts' Consensus
    PR Newswire

    Pareteum Announces Its Second Quarter 2019 Financial Results Will Exceed Analysts' Consensus

    Full Second Quarter 2019 Financial Results to be Announced on August 6, 2019 NEW YORK , July 1, 2019 /PRNewswire/ --  Pareteum Corporation (NASDAQ: TEUM), a rapidly growing cloud communications platform ...

  • Could The Pareteum Corporation (NASDAQ:TEUM) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The Pareteum Corporation (NASDAQ:TEUM) Ownership Structure Tell Us Something Useful?

    The big shareholder groups in Pareteum Corporation (NASDAQ:TEUM) have power over the company. Large companies usually...

  • Why Pareteum Stock Jumped Thursday
    Motley Fool

    Why Pareteum Stock Jumped Thursday

    The cloud-communications platform specialist "categorically" denied all claims from recent short-seller reports.

  • Pareteum (TEUM): Short Sellers Vs. Analysts — Round II
    SmarterAnalyst

    Pareteum (TEUM): Short Sellers Vs. Analysts — Round II

    Pareteum (TEUM) is feeling the heat right now after Viceroy Research piled on to the criticisms issued last month by short-seller Aurelius Value. Its stock is down 20% as investors digest the scathing research that likened the company to the “Wild West of telecoms.” The report centered around what Viceroy considers a history of “promotional press releases,” artificially boosted backlog metrics, and an accusation that Pareteum breached US sanctions against Iran.The accusation that Pareteum breached sanctions against Iran stems from the company’s contract with an Iranian-based mobile virtual network operator called Amin SMC. Viceroy stated that Amin SMC’s chairman, Hamid Reza Amirinia, laundered money for the Iranian government which of course is a breach of US sanctions. Viceroy concluded that “Pareteum is likely in ongoing violation of US sanctions, [and] at worst they are facilitating a money laundering scheme.” Although the circumstances look bad for Pareteum, the report stated that Viceroy was “not able to find a Pareteum subsidiary in Iran so far.”Another key aspect of the Viceroy report is criticism about Pareteum’s practice of publishing contracts with entities that Viceroy believes have no chance of paying for Pareteum’s service. Pareteum has a 36-month contractual backlog measurement, and Viceroy believes it is not a good predictor of future profits. Viceroy accused Pareteum of not reporting a significant amount of Q1 revenue to assure investors that their backlog is mostly recoverable, in contrast to Viceroy’s belief that most of the revenue is uncollectible.Two weeks ago, Pareteum CEO Hal Turner responded to the first short-sellers report, which allowed Pareteum’s stock to recover from its drop. This report appears to be more damning and inflammatory, with Viceroy stating that there is a potential downside of 44% to 76% in the stock from the close price on June 25th.However, Northland analyst Michael Latimore believes TEUM stock remains a strong buy, as he reiterates an $8.50 price target, which implies nearly 325% upside from current levels. (To watch Latimore's track record, click here)Latimore met with Pareteum's senior managers, customers and partners at the trade show International Telecom Week this week. The analyst came away more confident in TEUM's value proposition, industry experience, market opportunity and traction."Several senior managers and sales people attended the event. We believe they met with about 50 customers and prospects, large to small. Large operators seek ways to quickly launch or enable new services, and the TEUM platform can do that as it did at Vodafone. Smaller operators may want to develop a service and get to market quickly. Based on our checks, TEUM is getting substantial traction. Also, several UK and Brazilian customers are going live this summer, giving more visibility into continued strong revenue growth," Latimore wrote.TipRanks’ data shows a bullish camp backing this cloud software company. The ‘Strong Buy’ stock has amassed 5 ‘buy’ ratings in the last three months, with no 'sell' or 'hold' ratings. The 12-month average price target stands tall at $8.00, marking 300% in return potential for the stock.To read more on the nitty gritty of what’s going on in the tech stocks space, click here.Read more on TEUM: * Parateum (TEUM) Stock: Buy the Dip or Pump the Brakes? * Wall Street Remains Strongly Bullish on Parateum Stock * Analysts Pound the Table on Pareteum * Analysts Say Pareteum (TEUM) Stock a Strong Buy as Earnings Impress More recent articles from Smarter Analyst: * Marijuana Stock Supreme Cannabis Is Ready to Spark Higher * Is the Surge in Nvidia (NVDA) Stock Sustainable? Merrill Lynch Sees Further Upside Ahead * Qualcomm (QCOM) Stock Has Limited Upside, Says UBS * Can Baidu (BIDU) Stock Keep Going After This Week’s Pop?

  • Why Pareteum Stock Plunged Today
    Motley Fool

    Why Pareteum Stock Plunged Today

    Another day, another short-seller's report.

  • Pareteum Announces Commercial Launch of Pareteum Experience Cloud™
    PR Newswire

    Pareteum Announces Commercial Launch of Pareteum Experience Cloud™

    Single platform delivers communications experiences of unmatched breadth and reach NEW YORK , June 19, 2019 /PRNewswire/ --  Pareteum Corporation (Nasdaq: TEUM ) , a rapidly growing cloud communications ...

  • Parateum (TEUM) Stock Remains a Bullish Pick
    SmarterAnalyst

    Parateum (TEUM) Stock Remains a Bullish Pick

    A short report released last week concerning financial results stoked fears among Parateum (TEUM) investors, sending shares down 40% in just a few hours on Friday. But Monday, CEO Hal Turner addressed shareholders, stating “certain short-sellers have used questionable tactics, including leveraging the media to misrepresent facts and make anonymous spurious claims against the company and its officers,” which many felt was a strong defense against Friday’s drop, as shares rose 16%. But today, the stock broke down again, losing nearly 9%.What's next for Parateum stock? Northland Capital analyst Michael Latimore remains bullish, reiterating his Outperform rating on TEUM, with a $8.50 price target, which implies over 200% upside from current levels. (To watch Latimore's track record, click here)Parateum had a total of 243% organic growth in 1Q19, and Latimore sees these results growing significantly throughout 2Q with organic growth of over 100% for the rest of the year. The analyst estimates that the company should be able to do no less than 27% of pro forma organic growth. This shouldn’t be too difficult due to the fact that it was attainable in Q1 and Q2 is already on the right track.Latimore is confident that Parateum’s acquisition integration has greatly improved the company’s prominence into organic growth. The analyst says the acquisitions “add scale,” and “would not be surprised if the number of deals launch by quarter increases throughout the year.”An important factor of the acquisitions is the “increase [in] prospect for cross selling,” says Latimore. He continues, “a full mobility service sold to a WiFi customer more than doubles the revenue from that customer.” The company’s customer list numbers over 1,000, and includes large corporations such as Vodafone, Deutsche Telekom, ACN ($800 mil business, acneuro.co.uk). Given the size of these customers, different demand and types of services, have been fulfilled by acquisitions by Parateum. Latimore thinks Parateum is in a good place to fill a void in the on-premises business and operations support systems market, given that “SaaS options in that space are limited...and the legacy vendors cannot migrate their outdated technology to the SaaS architecture smoothly.” Lattimore says, the company “has constructed a platform that is easy to consumer via APIs,” which further promotes buying on its platform.All in all, Wall Street has not given up on Parateum just yet, as TipRanks analytics showcase the stock as a Strong Buy. Out of 5 analysts polled in the last 3 months, all 5 are bullish on TEUM stock. With a potential upside of 190%, the stock’s consensus target price stands at $9.00.Read more on TEUM: * Wall Street Remains Strongly Bullish on Parateum (TEUM) Stock * Analysts Pound the Table on Pareteum (TEUM) Stock * Analysts Say Pareteum (TEUM) Stock a Strong Buy as Earnings Impress More recent articles from Smarter Analyst: * Marijuana Stock Supreme Cannabis Is Ready to Spark Higher * Is the Surge in Nvidia (NVDA) Stock Sustainable? Merrill Lynch Sees Further Upside Ahead * Qualcomm (QCOM) Stock Has Limited Upside, Says UBS * Can Baidu (BIDU) Stock Keep Going After This Week’s Pop?

  • Benzinga

    The Companies Set To Join The Russell Index July 1

    OncoCyte Corporation (NYSE: OCX ) is set to join the Russell 2000, Russell 3000 and Russell Microcap Indexes July 1. The Russell 3000 Index is a capitalization-weighted stock market index maintained by ...

  • Why Tilray, Beyond Meat, and Pareteum Jumped Today
    Motley Fool

    Why Tilray, Beyond Meat, and Pareteum Jumped Today

    On a positive day for the market overall, these stocks stood out.

  • Benzinga

    Oppenheimer Disputes Short Report On Pareteum

    Oppenheimer Equity Research disputed a short report on Pareteum Corp (NASDAQ: TEUM) that accused the company of touting contracts with dubious startups. Oppenheimer conducted “extensive due diligence” prior to initiating coverage of Pareteum six weeks ago and believes the short report is in error, Horan said in a Monday note.

  • Insider Monkey

    Pareteum Corporation (TEUM) Responds to Short Seller Aurelius Value’s Accusations

    On Friday, June 7th, short seller, Aurelius Value, published a degrading report on Pareteum Corporation (NASDAQ:TEUM) with the title “Where Are The Customers?”. In the report, among many other claims, Aurelius Value said that Pareteum has a questionable value of its 36-months backlog (reaching $900 million) on the back of its customers for which Aurelius Value […]

  • Benzinga

    Pareteum Joins Russell 3000 Index July 1

    Pareteum Corporation (NASDAQ: TEUM ) is slated to join the Russell 3000 Index at the conclusion of the Russell U.S. Indexes annual reconstitution after the market opens July 1. Shares of the cloud communications ...

  • Pareteum Set to Join Russell 3000 Index
    PR Newswire

    Pareteum Set to Join Russell 3000 Index

    NEW YORK , June 10, 2019 /PRNewswire/ --  Pareteum Corporation (Nasdaq: TEUM), ("Pareteum" or the "Company"), a rapidly growing Cloud Communications Platform company, is set to join ...

  • Benzinga

    Short Seller Aurelius Value Calls Pareteum 'Uninvestable'

    Pareteum Corp (NASDAQ: TEUM ) shares traded lower Friday morning after Aurelius Value issued a short report alleging fraudulent activity. Aurelius Value said Pareteum management has extensive ties to previously ...

  • Wall Street Remains Strongly Bullish on Parateum (TEUM) Stock
    SmarterAnalyst

    Wall Street Remains Strongly Bullish on Parateum (TEUM) Stock

    Last Wednesday was an exciting day for Parateum (TEUM). First, company founder Hal Turner rang the NASDAQ opening bell, then the company held its first analyst day, dubbed “Parateum Power,” in New York. Ahead of the honor, Turner said Parateum’s "unique service offering has reimagined the future of communications and we couldn't be more excited about the large market opportunity in front of us…” After attending the analyst day, Michael Latimore of Northland maintains his Outperform rating on TEUM stock, with a $8.50 target price. (To watch Latimore's track record, click here)Latimore continues “to see TEUM as having a unique opportunity to define the cloud-based communications business support systems market,” and calls TEUM “one of [his] top 2019 stock picks.” Pareteum’s Experience Cloud “enables customers to create and manage the mobile service experience for their subscribers,” and is referred to as a “Platform-as-a-Service.” Latimore says the platform “provides the business support systems to run a mobile service, but also offers customers a virtual global cellular and WiFi network,” which the analyst believes “provides compelling economics.” Latimore highlights Parateum’s large and growing customer base. He says the company has grown from “a couple customers to now over 1,000,” over the past few years. At analyst day, the company showed off examples of product usage, while hosting a customer panel that included the city of Kyiv, P3 Smart City and Deutsche Telekom. Latimore points out that all the companies on the panel “mentioned the ability for [Parateum] to offer a horizontal platform and the flexibility not found elsewhere.” The analyst believes the company has an opportunity as the “competitive landscape is fragmented and regional.” But the company seems to be in a good place. It has a far reach in the US, Brazil and across Europe. But not only that, Parateum’s customers are extremely large, including Swedish company Tele2 with more than 17 million subscribers and Deutsche Telekom, which sells Parateum’s wi-fi service to roughly 80 clients. Beyond products and customers, the company is expecting growth to continue at a surging pace. Latimore says, “Management highlighted the strong growth trajectory, including 243% organic growth in 1Q19...[and] reiterated 255-285% growth and positive adj. EBITDA for the year.” All in all, Pareteum’s stock is on a roll so far in 2019, and Wall Street doesn’t believes this will stop anytime soon. TipRanks analysis of five analyst ratings shows a Strong Buy rating, with all five analysts recommending Buy. The $8.00 price target represents a 91% increase from current levels. Read more on TEUM: * Analysts Pound the Table on Pareteum Stock * Analysts Say Pareteum Stock a Strong Buy as Earnings Impress * Pareteum Stock Looks Poised to Rally Even More More recent articles from Smarter Analyst: * Organigram (OGI) Reported a Strong Quarter, But Don’t Buy the Stock Just Yet * More Gains Ahead for Cannabis Stock Curaleaf * Last Minute Thought: Buy or Sell Netflix (NFLX) Stock Before Q2’19 Earnings? * Is It Finally Time to Go Long NIO Stock? This Analyst Remains Sidelined