01/11 Pareteum initiated at Maxim Pareteum initiated with a Buy at Maxim. Maxim analyst Allen Klee initiated Parateum with a Buy rating and a price target of $7, citing the company's position as a "one-stop shop" for outsourced "cloud" solutions for telecom service companies and enterprises. With more expected connected devices through Internet of Things technology, the analyst expects the demand for Parateum's products to remain strong. Klee is also positive on the company's efforts to clean up its balance sheet and implement a lower cost structure.
Breaking News: TEUM latest news. - The Fly
And, another one, with an interesting little tid-bit considering the fact that they have $500M+ in 3-year backlog contracts (and that was three months ago) and they'll get their hands on iPass with a whole new batch of engineers to speed up that backlog conversion..
01/28 Pareteum initiated at Craig-Hallum Pareteum initiated with a Buy at Craig-Hallum. Craig-Hallum analyst George Sutton started Pareteum with a Buy rating and $5 price target, stating that the telco industry is looking for ways to add new digital services and incumbents have a structural disadvantage, which he believes opens the door for Pareteum's cloud-based offerings. He believes the growth trajectory of Pareteum is "drastically mispriced," noting that the company has historically converted greater than 100% of backlog to revenue.