02-23-2019, 10:37 PM
[quote='admin' pid='82741' dateline='1550675470']
Pareteum backlog announcement increases Northland confidence in estimates. After Pareteum announced continued increases in its 3-year backlog yesterday, Northland analyst Michael Latimore said the company's announcement gives him more confidence in his estimates. The analyst, who noted that the recently complete iPass acquisition gives Pareteum 100 more people to help deploy backlog, keeps an Outperform rating and $7.50 price target on the stock.
Breaking News: TEUM latest news. - The Fly
Pareteum 'undervalued' following January wins, says Northland. Northland analyst Michael Latimore notes that Pareteum announced on Friday 12 wins in the month of January. The analyst likes that the company is winning more U.S.-based customers, and argues that the wins and associated increase in backlog give him more confidence in his estimates. Overall, Latimore believes Pareteum is undervalued, trading at only 3.76 times his FY19 revenue estimates and 2.93 times FY20. He reiterates an Outperform rating and $7.50 price target on the shares.
Breaking News: TEUM latest news. - The Fly
And here is the LakeStreet rept