Craig Hallum downgraded Kaleyra from Buy to Hold and set a new price target of $6.50 from $15.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2022 | $15.00 → $6.50 | Buy → Hold | Craig Hallum |
NEW YORK and MUMBAI, India , Oct. 5, 2023 /PRNewswire/ -- Tata Communications, a global digital ecosystem enabler, today announces completion of the acquisition of Kaleyra, Inc. (NYSE:KLR). On 28th June 2023, Tata Communications had entered into a definitive agreement with Kaleyra, Inc. to acquire it through Tata Communications Limited. The transaction has now been completed upon receipt of the approval by Kaleyra's stockholders, necessary regulatory approvals, and fulfilment of other customary closing conditions. Under the terms of the agreement, Tata Communications Limited has paid an aggregate consideration of approximately $100 million in cash and assumed all of Kaleyra's outstanding de
NEW YORK and MUMBAI, India, Oct. 5, 2023 /PRNewswire/ -- Tata Communications, a global digital ecosystem enabler, today announces completion of the acquisition of Kaleyra, Inc. (NYSE:KLR). On 28th June 2023, Tata Communications had entered into a definitive agreement with Kaleyra, Inc. to acquire it through Tata Communications Limited. The transaction has now been completed upon receipt of the approval by Kaleyra's stockholders, necessary regulatory approvals, and fulfilment of other customary closing conditions. Under the terms of the agreement, Tata Communications Limited ha
NEW YORK, Sept. 28, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) ("Kaleyra" or the "Company"), announced that at a special meeting of stockholders held earlier today, the stockholders of the Company have approved all proposals related to the proposed acquisition of the Company by Tata Communications Limited, a company listed on BSE Limited and National Stock Exchange of India Limited. The final results will be available on a Current Report on Form 8-K to be filed by the Company. As a result, the closing of the transaction is expected to occur on October 5, 2023, subject to the satisfaction of the remaining closing conditions. Shares of Kaleyra will cease trading and will no longer be listed
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EFFECT - Kaleyra, Inc. (0001719489) (Filer)
Craig Hallum downgraded Kaleyra from Buy to Hold and set a new price target of $6.50 from $15.00 previously
Maxim Group initiated coverage of Kaleyra with a rating of Buy and set a new price target of $22.00
4 - Kaleyra, Inc. (0001719489) (Issuer)
4 - Kaleyra, Inc. (0001719489) (Issuer)
4 - Kaleyra, Inc. (0001719489) (Issuer)
Kaleyra, Inc. (NYSE:KLR) ("Kaleyra" or the "Company"), announced that at a special meeting of stockholders held earlier today, the stockholders of the Company have approved all proposals related to the proposed acquisition of the Company by Tata Communications Limited, a company listed on BSE Limited and National Stock Exchange of India Limited. The final results will be available on a Current Report on Form 8-K to be filed by the Company. As a result, the closing of the transaction is expected to occur on October 5, 2023, subject to the satisfaction of the remaining closing conditions. Shares of Kaleyra will cease trading and will no longer be listed on the NYSE exchange following the closi
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The partnership agreement enhances the customer experience by adding Kaleyra Video, a WebRTC audio and video calling tool, to Talisma's Customer Relationship Management & Digital Engagement Platform.
First Quarter Revenue of $83.6 Million, Exceeds Upper Guidance Range, Record Gross Margin of 25.2% and Adjusted Gross Margin of 26.0% NEW YORK, May 10, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), a growing omnichannel business communications platform, reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Quarterly revenue of $83.6 million ($85.7 million on a constant currency basis), 94.8% of revenue is from customers on the platform for a minimum of one yearCompany record gross margin a
NEW YORK , May 4, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), a rapidly growing omnichannel business communications platform, will hold a conference call on Wednesday, May 10, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2023. Financial results will be issued in a press release prior to the call. Kaleyra management, including Chief Executive Officer Dario Calogero and Chief Financial Officer Giacomo Dall'Aglio, will host the presentation, followed by a
Fourth Quarter Highlighted by Record Revenues of $93.7 MillionRecord Full Year 2022 Revenues of $339.2 Million, Up 27% YoYAnnounces Implementation of 2023 Restructuring and Cost Reduction Program NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), an enterprise Communication Platform as a Service (CPaaS), reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights Record quarterly revenue of $93.7 million ($97.7 million using Q42021 foreign exchange
Kaleyra To Support stc Bahrain's Enterprise Customers With Digital and Innovation Services NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), a rapidly growing omnichannel business communications platform, announced today an exclusive partnership with stc Bahrain, a world-class digital enabler. As the exclusive provider of omnichannel services, Kaleyra will support stc Bahrain in delivering personalized, flexible communication to its customers and enabling enterprise brands to do the same. With Kaleyra's advanced CPaaS p
Kaleyra announces changes in the management team: Nicola Junior Vitto departure and new appointment of Mauro Carobene NEW YORK, Aug. 11, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), an enterprise Communication Platform as a Service (CPaaS), announces certain management changes. As previously disclosed, on June 28, 2023, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Tata Communications Limited, a company listed on BSE Limited and National Stock Exchange of India Limited ("Tata Communications"),
NEW YORK, June 16, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), a rapidly growing omnichannel business communications platform, announced today that former equity research analyst Colin Gillis has joined its leadership team as Vice President of Investor Relations, effective immediately. In this role, Gillis will regularly engage with the investor community to expand and elevate visibility into the company's operations, growth strategy, and results. Gillis brings over a decade of relevant industry experience from his time analyzing publ