02-14-2019, 08:58 AM
From today, Feb 13 2019:
Northland raises Pareteum estimates after iPass closing, maintains as a Top Pick. Northland analyst Michael Latimore raised his FY19 and FY20 revenue and EBITDA estimates for Pareteum after the company announced that it closed the acquisition of iPass, adding that the company has an "aggressive" cost reduction plan that should be complete by the end of Q3. Separately, he said he believes Pareteum had a strong Q4 and is up to at least 85 customers from just 4 customers a year and a half ago. Latimore, who said the stock remains one of his Top Picks for 2019, keeps an Outperform rating and $7.50 price target on Pareteum shares.