Orbcomm downgraded by Canaccord Genuity with a new price target
$ORBC
Telecommunications Equipment
Consumer Services
Canaccord Genuity downgraded Orbcomm from Buy to Hold and set a new price target of $11.50 from $13.00 previously
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ROCHELLE PARK, N.J., Sept. 08, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has been selected by TLD Logistics Services Inc. (TLD), an independent subsidiary of Toyota Tsusho, to upgrade its fleet of trucks and refrigerated trailers with ORBCOMM's advanced in-cab and cold chain telematics solutions. ORBCOMM's comprehensive solutions provide wireless connectivity through its industry-leading hardware and a single, unified Cloud-based analytics platform for optimal fleet management across multiple asset classes. A leading truckload carrier based in Knoxville, TN, TLD is using ORBCOMM's in-cab solution t
ROCHELLE PARK, N.J., Sept. 01, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced the completion of its acquisition by GI Partners, a leading US-based private investment management firm, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the transaction, which was announced on April 8, 2021, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock, representing a premium of approximately 52% to ORBCOMM's closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date. The tran
ROCHELLE PARK, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has achieved 5G for Enterprise Branch Specialization from Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network edge solutions. The 5G for Enterprise Branch Specialization identifies and recognizes partner organizations that are leaders in positioning and selling Cradlepoint's 5G for business solutions by meeting a series of sales, technical and business proficiency criteria. By receiving the specialization, ORBCOMM will support Cradlepoint's efforts of selling the industry's most comprehensive portfol
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Northland Capital Markets downgraded ORBCOMM from Outperform to Market Perform and set a new price target of $11.50
Canaccord Genuity downgraded ORBCOMM from Buy to Hold and set a new price target of $11.50
Canaccord Genuity downgraded Orbcomm from Buy to Hold and set a new price target of $11.50 from $13.00 previously
– Total Revenues of $65.9 Million, Up 16% from Prior Year Period –– 90,000 Devices Shipped Drives Product Sales Growth –– Product Sales of $28.4 Million, Up 55% from Prior Year Period – ROCHELLE PARK, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the second quarter ended June 30, 2021. The following financial highlights are in thousands of dollars and unaudited. Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Recurring Service Revenues$36,355 $37,006 $72,596 $76,859 Other Service Revenues 1,187 1,423 2,696 2,094 Total Service