3.1500 0.00 (0.00%)
After hours: 6:53PM EDT
|Bid||3.1500 x 4000|
|Ask||3.1800 x 4000|
|Day's Range||2.9600 - 3.2400|
|52 Week Range||1.4500 - 5.9300|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Chegg (CHGG) and College Pulse unveil an interactive political poll tracker to report students' views on leading issues in the 2020 election.
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 ...
The big shareholder groups in Pareteum Corporation (NASDAQ:TEUM) have power over the company. Large companies usually...
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: * Analysts Go Gaga Over Nvidia (NVDA) Stock * Why You Should Keep Tesla (TSLA) and W.W. Grainger (GWW) Stocks on Your Sell List * David Shaw Makes Waves in the Semiconductor World: Advanced Micro Devices (AMD), Micron (MU) * Billionaire Izzy Englander Cuts Loose in Amazon (AMZN) and Nio, Inc. (NIO) Stocks
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: * Analysts Go Gaga Over Nvidia (NVDA) Stock * Why You Should Keep Tesla (TSLA) and W.W. Grainger (GWW) Stocks on Your Sell List * David Shaw Makes Waves in the Semiconductor World: Advanced Micro Devices (AMD), Micron (MU) * Billionaire Izzy Englander Cuts Loose in Amazon (AMZN) and Nio, Inc. (NIO) Stocks
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 ...
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.
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 […]
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 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 ...
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
If you're interested in Pareteum Corporation (NASDAQ:TEUM), then you might want to consider its beta (a measure of...
You don’t have to pay three-digit sums to find compelling investing opportunities. It’s time to look outside the box at some cheap stocks top analysts are cheering right now. The best way to find these stocks is to use a screener, that way you can open up your investing horizon to a much wider stock pool.Here we used TipRanks’ Stock Screener to find these 5 cheap stocks. Essentially, we looked for 1) stocks with a ‘Strong Buy’ analyst consensus; 2) serious upside potential (i.e. over 20%). And on top of this each one of these stocks comes in at under $10. Note that the consensus is based on ratings from the last three months, so the outlook is pretty up to date. Plus we include top analyst analysis to show just why analysts believe these stocks are so undervalued right now.Let’s take a closer look: Syndax Pharmaceuticals Inc (SNDX – Research Report) Syndax Pharmaceuticals, Inc is a clinical-stage biopharma developing therapies for the treatment of cancer.The company offers significant rewards- but only for investors prepared to shoulder a hefty dose of risk. Shares could surge if the company’s Phase 3 trial of entinostat in metastatic breast cancer is positive. Indeed, Citigroup’s Joel Beatty says that such a catalyst could take shares all the way from $8 to $23. That suggests massive upside potential of 187%. However, the analyst also warns that should the data disappoint, shares could plunge to just $2 (75% downside potential). Look for the data to come in fall 2019 or spring 2020, says Beatty. In the meantime the analyst keeps a buy rating on shares. Encouragingly, the stock also scores a Strong Buy consensus from the Street. “Entinostat has received Breakthrough Therapy Designation in HR+ HER2- breast cancer patients, and we continue to believe that a positive OS assessment in E2112 could occur this year with a launch in 2021” writes HC Wainwright analyst Edward White. This five-star analyst has a $16 price target on shares (100% upside potential). That's just below the $19 average analyst price target. See what other Top Analysts are saying about SNDX. Turtle Beach Corp (HEAR – Research Report) Turtle Beach Corp is one of the leading gaming headset and audio accessory brand. Disappointing 2Q revenue guidance has weighed on shares recently, but it’s not game over for HEAR just yet.All five analysts covering the stock rate HEAR a ‘Buy.’ That’s with an average analyst price target of $23- indicating 150% upside potential from current levels. The best-rated analyst covering the stock is Oppenheimer’s Andrew Uerkwitz.He maintained his buy rating and $24 price target post-results. In a report on May 9 the analyst explained “With healthy fundamentals in video game market and integration of PC gaming accessories business (ROCCAT) well on track, we remain confident in management's ability to stay competitive and return to revenue growth in 2020.”As for the earnings report, the analyst explains that 2Q revenue guidance is lighter than expected, mostly due to order timing volatility in between quarters. However HEAR did reiterate 2019 revenues of $240-248M. “Over a two year basis, we believe Turtle Beach is outgrowing the competition and keeping its leading market share” he concludes. See what other Top Analysts are saying about HEAR. Pareteum Corp (TEUM – Research Report) Pareteum is a rapidly growing global cloud software communications platform. The company offers everything from voicemail and messaging services to data analytics and service fulfilment. Shares have exploded by 150% year-to-date following first-rate Q1 earnings results, and according to the analyst community plenty of upside lies ahead. This ‘Strong Buy’ stock scores 5 recent buy ratings, alongside an $8 average analyst price target (86% upside potential).Pareteum just hosted its first analyst day on May 28 in NYC. “We view this event as another sign of the further and rapid maturation of the company” cheers five-star Northland Securities analyst Michael Latimore. He has an $8.50 price target on shares. According to Latimore, Pareteum has a unique opportunity to be the cloud-based business and operations support system for agile mobile service providers. “TEUM is a top 2019 stock pick…. TEUM remains inexpensive still at only about 4x FY20 revenue v. comps at 10x” writes the analyst. See what other Top Analysts are saying about TEUM. Plug Power Inc (PLUG – Research Report) Plug Power develops cutting-edge fuel cells and hydrogen technologies that are more efficient than conventional batteries. Like Paretuem, PLUG has experienced a remarkable rally, with shares doubling year-to-date.Shares continued to move higher on May 29 following the announcement of an exciting new deal. Plug Power will now deliver hydrogen fuel cell engines to StreeScooter’s electric delivery vehicles. This ties into StreetScooter’s deal to initially deliver 100 hydrogen fuel cell-powered trucks for on-road use to Deutsche Post DHL starting in 2020. According to Plug Power this will provide increased drive time without the need for long charge hours.“We continue to be bullish on PLUG’s technology leadership position in mobile fuel cell applications and are encouraged by commentary about its expanding opportunity set in material handling and over-the-road applications” writes top-rated Oppenheimer analyst Colin Rusch. Four analysts have published buy ratings on PLUG in the last three months. Their average price target of $3.56 translates into upside potential of 37%. See what other Top Analysts are saying about PLUG. ViewRay, Inc. (VRAY – Research Report) Medical device company ViewRay is on a roll right now. The company just reported strong earnings results, and shares are up 47% year-to-date. Sean Lavin of BTIG praised the company’s current investment strategy, noting strong sales and steady sales progress. Indeed, gross orders came in an impressive $12 million above consensus. “This is especially important as it shows VRAY is winning new customers despite the recent competitive entrance from Elekta. While sales and orders can be difficult to predict on a quarterly basis, we believe this is an early sign that the new CEO’s strategy is working” wrote Lavin. The analyst concluded “since orders are likely most important to investors, we view this as a stellar report.”A similarly bullish perspective comes from Cantor Fitzgerald’s Craig Bijou. The analyst left a recent meeting with management "more bullish on the opportunity ahead” for ViewRay. Despite the rally in shares, he still sees ‘significant upside’ potential thanks to increased revenue and margin expansion.Notably, Bijou argues that management's goal to reduce the time from purchase order to revenue recognition could drive "meaningful upside" to Street numbers in 2020. Overall, five analysts have published buy ratings on VRAY in the last three months with an average price target of $13.40 (50% upside potential). See what other Top Analysts are saying about VRAY. Find your own ‘Strong Buy’ stocksHere we covered top stock picks currently trading for under $10. You can discover more compelling 'Strong Buy' stocks with the Top Analyst Stocks tool. This highlights the most promising stocks based on the latest recommendations from the Street's best-performing analysts. Go to Top Analysts Stocks Tool now.
Mobile networking software and services company Pareteum (TEUM) will meet analysts and investors at the Craig-Hallum Institutional Investor Conference in Minnesota next week, May 28. In addition to presentations from management, Pareteum will have customers from its three main segments, CSP, IoT and enterprise.Northland analyst Michael Latimore views next week's event as "another sign of the further and rapid maturation of the company." Latimore believes Pareteum has "a unique opportunity to be the cloud-based business and operations support system for agile mobile service providers."Pareteum released earnings in early May and reported revenue growth of more than 400%, while EPS rose more than 17x. That prompted Craig-Hallum's Greg Sutton to reiterate his Buy rating on Pareteum stock with an $8 price target. (To watch Sutton's rating, click here)Pareteum stock is one of 2019’s best performers, as shares have rose nearly 200% year-to-date. But Sutton doesn’t see the company slowing, as he says Pareteum will be able to grow “at breakneck speed for a reasonable duration…[with significant] stock opportunities.” Sutton points out that Paretum is creating “a massive number of connections between consumers, IoT devices, etc.,” and has a massive market opportunity. While the analyst sees this space as getting more competitive eventually, including Twilio with its programmable wireless offering, he doesn’t believe they have been in any sales cycles yet, which should pave a path for Pareteum to continue growing.Sutton views Pareteum’s recent report as strong, with “backlog growth and connection growth [remaining] significant.” The analyst is “quite enamored by the meaningful growth,” of the company’s 36-month backlog, as it has actually outpaced guidance and results; in the first quarter, backlog ended up 369%, closing at $938 million. As backlog continues to grow rapidly, Sutton says “conversion [is] an important driver.” While there was some concern about conversion in the past, Sutton believes that “the backlog conversion process improved relative to the implementation,” with it being “clear that customers deployed were adding connections at a faster than expected rate.” Furthermore, Sutton believes the company’s “growth rates are so outstanding” because Pareteum is using “its open-architecture platform with its Super API’s as the ideal place to meet the market needs,” which has until not gone unmet. All in all, TipRanks’ data shows an overwhelmingly bullish camp backing Pareteum. The ‘Strong Buy’ stock has amassed 5 ‘buy’ ratings in the last three months, with no 'hold' or 'sell' ratings. The 12-month average price target stands tall at $8.00, marking nearly 63% in return potential for the stock. Read more on TEUM: * Analysts Say Pareteum (TEUM) Stock a Strong Buy as Earnings Impress * Pareteum (TEUM) Stock Looks Poised to Rally Even More More recent articles from Smarter Analyst: * Rally on! Micron (MU) Stock Has Another 19% to Go, Says Deutsche Bank * Pareteum (TEUM): Short Sellers Vs. Analysts — Round II * Tesla (TSLA) Scrambles to Restore Faith; Wedbush Remains Cautions * Shopify (SHOP): What Goes Up Must Come Down
It takes a lot to impress Pareteum (TEUM) investors these days. The provider of mobile networking software and services released its quarterly earnings report on Tuesday, showing strong growth in both revenue and EPS. Revenue grew more than 400% since this time last year, beating analyst consensus revenue by more than 20%. The company saw EPS rise more than 17x, beating consensus by a wide margin. Management also raise guidance by nearly 10%, signalling to investors the company is optimistic that things will continue to get better. In reaction, Pareteum stock fell nearly 4% in Tuesday's trading session.Nonetheless, Maxim analyst Allen Klee reiterates a Buy rating on TEUM, with a $9 price target, which implies over 90% upside from where shares are currently trading. (To watch Klee's track record, click here)With the first quarter beating Wall Street expectations, Klee says Pareteum’s performance “supports [his] view that [the company] has hit an inflection point of becoming a much larger and more profitable company.” While organic growth was only 33%, the company’s acquisitions (including Artillium and iPass) “have been integrated and most synergies have been fully captured,” helping revenue surge. And while current performance is strong, Klee believes Pareteum’s future looks just as solid. He highlights connections, which he calls a “leading indicator of future revenue growth,” rising 441% since last year to 12 million. Furthermore, existing customer continue to buy more services from the company, as dollar-based net expansion rose 144%, indicating that once Pareteum lands a customer, it can expect to generate revenue from that customer in the future. Another positive is the company’s three-year contracted revenue backlog. Currently at $938 million, Klee says this provides “very good visibility for future revenue.” The company converted more than 100% of its backlog for Q1, much more than the expected 75% -80%, as Klee believes “these results support our thesis that Pareteum offers a simplified solution to connect clients to networks, which is driving market share gains.” Looking ahead, the analyst is raising his 2019 and 2020 estimates “based on strong momentum,” while believing that “demand for Pareteum’s solutions comes from a compelling, one-stop-shop” for network connectivity. Klee also expects the company to grow organically, but also through its Artilium and iPass acquisitions. Overall, Klee expects “the stock to get revalued at higher levels” as “Pareteum transforms into a larger and profitable SaaS and communications service provider.” All in all, despite yesterday's fall, Pareteum stock is on a roll so far in 2019, up 180% in less than five months. Analysts are excited for the company's future, and the recent earnings report shows reason why. TipRanks analysis of five analyst ratings shows a Strong Buy rating, with all five analysts recommending Buy. The $8.00 price target represents a 71% increase from current levels. Read more: Pareteum (TEUM) Stock Looks Poised to Rally Even More More recent articles from Smarter Analyst: * Square (SQ) Growth Slowing, But Evercore Remains Bullish on the Stock * This Analyst Sticks with His Buy Rating on Aphria (APHA) Stock, But Trims Price Target * Cannabis Stock Village Farms (VFF) Has a Lot Going for It * Is AMD Stock a Buy with New Product Launches? Morgan Stanley Says 'Not Yet'
Pareteum's (TEUM) first-quarter 2019 results are likely to benefit from growing demand for its SaaS-based solution, and synergies from Artilium and iPass acquisitions.