StarTek, Inc., a business process outsourcing company, provides omni-channel customer experience, digital transformation, and technology services in various markets. The company primarily offers customer engagement, omnichannel engagement, social media, customer intelligence analytics, work from home, back office, and receivables management services under the Startek and Aegis brands. It also offers Startek cloud, a hybrid omni-cloud platform integrated with AI capabilities. The company serves telecommunications, e-commerce and consumer, media and cable, financial and business services, travel and hospitality, healthcare and education, technology, and energy and utility industries in the Americas, the Middle East, Malaysia, India, Sri Lanka, Argentina, Peru, and internationally. StarTek, Inc. was founded in 1987 and is based in Greenwood Village, Colorado.
IPO Year: 1997
Exchange: NYSE
Website: startek.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/19/2021 | $8.00 | Outperform | Barrington Research |
- Reduced Outstanding Debt by Nearly 60% Over Last Six Months - - Sustained Margins Despite Lower Revenue - Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the second quarter ended June 30, 2023. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operations and net income, EPS, adjusted net income/(loss) and adjusted EPS are reported after consolidating continuing and d
Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Thursday, August 10, 2023 at 5:00 p.m. ET to discuss its financial results for the second quarter ended June 30, 2023. The Company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Thursday, August 10, 2023 Time: 5:00 p.m. ET Toll-free dial-in number: 1-888-999-3182 International dial-in number: 1-848-280-6330 Conference ID: 11152939 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will registe
Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Thursday, May 11, 2023 at 5:00 p.m. ET to discuss its financial results for the first quarter ended March 31, 2023. The company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Thursday, May 11, 2023 Time: 5:00 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10178216 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your
Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company") and has a beneficial ownership position of 8.5% of the Company's outstanding common stock, today released the following statement that was independently prepared by the unaffiliated candidates – Milena Alberti-Perez, Todd Everett, Katie May and Lance Rosenzweig – that Hestia is seeking to elect to the Company's Board of Directors (the "Board") at the upcoming Annual Meeting of Stockholders (the "Annual Meeting"): "While we have been nominated by Hestia, we are completely independent and will represent
Highlights Mr. Rosenzweig's Strong Track Record as a Public Company CEO, Including Recently Overseeing Total Stockholder Returns of 630% at Support.com, Inc. Provides Overview of Full Slate's Turnaround Plan and Strategy, Which Targets a $15+ Stock Price in the Coming Years and Longer-Term Value Creation for all Stakeholders Visit www.TransformPBI.com to Obtain Important Information and Voting Resources Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company") and has a beneficial ownership position of 8.4% of the Company's outstanding common stock, toda
- Ongoing Investments in Sales Ecosystem, Technological Capabilities, and Digital Partnerships Aim to Bolster the Company's Operational Foundation to Support Long-Term Growth - Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the fourth quarter and full year ended December 31, 2022. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operations and net income, EPS, adjuste
Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Monday, March 27, 2023 at 5:00 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Monday, March 27, 2023 Time: 5:00 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10175986 Please call the conference telephone number 10-15 minutes prior to the start time. An operator wil
Highlights Well-Rounded Slate's Capital Allocation Acumen, Corporate Governance Experience, Relevant Sector Backgrounds, Transaction Expertise and Sorely Needed Ownership Perspectives Reiterates Its View That Stockholders Deserve New Leadership Following Years of Value Destruction Under Chair Michael Roth (26+ Years of Board Service) and CEO Marc Lautenbach (10+ Years of CEO and Board Service) Urges the Board to Avoid Initiating a Reactionary Director Refreshment or Employing Entrenchment Maneuvers to Insulate Messrs. Roth and Lautenbach Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE:
IOWA CITY, Iowa, Jan. 10, 2023 (GLOBE NEWSWIRE) -- MCI Capital, LC ("MCI"), a wholly owned subsidiary of MCI, LC, announced the final results of its previously announced cash tender offer to purchase up to 4,000,000 shares of common stock of StarTek, Inc. (NYSE:SRT) ("StarTek") at a purchase price of $4.20 per share, which expired at 5:00 p.m., New York City time, on January 4, 2023. The tender offer fully closed on January 9th, 2023. MCI has accepted for payment, at a purchase price of $4.20 per share, and promptly paid $12,350,713.20 for, all 2,940,646 shares of common stock that were validly tendered and not validly withdrawn pursuant to the Offer. After giving effect to this transacti
IOWA CITY, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- MCI Capital, LC ("MCI"), a wholly owned subsidiary of MCI, LC, announced today the preliminary results of its previously announced cash tender offer to purchase up to 4,000,000 shares of common stock of StarTek, Inc. (NYSE:SRT) ("StarTek") at a purchase price of $4.20 per share, which expired at 5:00 p.m., New York City time, on January 4, 2023. Based on the preliminary count by the depositary for the offer, 2,940,646 shares were validly tendered and not validly withdrawn, including 9,700 Shares that were tendered by notice of guaranteed delivery. The number of shares validly tendered and not validly withdrawn pursuant to the tender off
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Barrington Research initiated coverage of StarTek with a rating of Outperform and set a new price target of $8.00
B. Riley resumed coverage of StarTek with a rating of Buy and set a new price target of $12.00 from $10.50 previously
B. Riley resumed coverage of StarTek with a rating of Buy and set a new price target of $10.50 from $9.00 previously
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Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
Believes Board's Refresh Fails to Address the Ineffective Leadership of CEO Marc Lautenbach, who has Overseen Dramatic Balance Sheet Deterioration and -50% TSR Despite Receiving ~$67 Million in Compensation Since 2012 Concerned New Chair Robert Dutkowsky Holds Four Public Company Director Roles, Maintains Two Public Company Chairman Roles, Overlapped at IBM with Mr. Lautenbach and Served on Committees That Perpetuated Failings at Pitney Bowes Modifies Slate to Include Five Nominees with Experience in Capital Allocation, Corporate Governance, Capital Raising, Logistics, the Postage and Shipping Sectors, and Turnarounds Provides a Framework for Improving Cashflow by Curtailing Global Ec
Nishit Shah Appointed as Global CFO, Jayanta Lahiri Appointed Global CIO, Completing Executive Team Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, today announced the appointment of Nishit Shah as Global Chief Financial Officer and Jayanta Lahiri as Global Chief Information Officer. Shah and Lahiri report directly to Global CEO Bharat Rao. "I am delighted to have joined the Startek team," said Shah. "The global Startek footprint and investment in digital-first CX capabilities create a strong foundation. I look forward to working with the Startek team to execute on the company's priorities, accelerate growth and enhance value for all stakeholders." A chartere
Bharat Rao, president, Startek promoted to Global CEO driving forward rapid-growth plans Ronald Gillette joins Startek as Strategic Advisor and Head of Business Transformation, optimizing CX delivery Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, today announced the appointments of Bharat Rao as Global CEO and Ronald Gillette as Strategic Advisor and Head of Business Transformation. These new appointments further strengthen Startek senior leadership and the company's position as a leader in digital-first CX. Appointed president in October 2021, Rao will immediately begin transitioning into the Global CEO role. Rao continues to serve as a Director on the boa
Appointment of Abhinandan Jain as Chief Digital Officer to spearhead digital innovations and growth Appointment of Rebecca Gautrey as Chief Marketing Officer to drive go-to-market and brand strategies Startek (NYSE:SRT), a global provider of customer experience management solutions, today announced the extension of its leadership team with the appointments of Abhinandan Jain as Chief Digital Officer and Rebecca Gautrey as Chief Marketing Officer. These new appointments enhance the company's expertise as it continues to deliver digitally-enabled customer experience (CX) transformation for its customers. "We are focused on investing in our high-growth transformation platforms and har
Appointment of Bharat Rao as President to support business transformation & reorganize strategic priorities Appointment of Vivek Sharma as Chief Revenue Officer to drive expansion & strengthen organic growth Startek (NYSE:SRT), a global provider of customer experience management solutions, announced today the appointment of two executive leaders in a strategic move to enhance its leadership team to best support the company's continued growth and execution of its strategic priorities. Bharat Rao has been named President of Startek. Mr. Rao will focus on transforming Startek into a more customer-centric organization that leverages emerging technologies to deliver innovative solutions in
Synalloy Corporation (NASDAQ:SYNL) ("Synalloy" or the "Company"), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed Doug Tackett as chief legal officer. In this role, Tackett will serve as in-house legal advisor to the Company's executive team and board of directors on all legal matters related to the Company. Tackett brings to Synalloy over two decades of legal experience, including private practice and with global corporations, both public and private. Most recently, he served as chief legal officer of Support.com (NASDAQ:SPRT), where he oversaw all legal, governance and compliance functions. Prior to that, Tackett
GREENWOOD VILLAGE, Colo. & MUMBAI, India--(BUSINESS WIRE)--Startek (NYSE: SRT), a global provider of customer experience management solutions, today announced the appointment of Vikash Sureka as Global Chief Financial Officer (CFO), effective February 25, 2021. Vikash Sureka will succeed Ramesh Kamath, who is transitioning to a new role as Senior Advisor, M&A and Strategy. Vikash comes with 25 years of rich and extensive finance experience. He previously served as the Chief Financial Officer at IBS Software (IBS), a SaaS-enabled software solutions company for the travel industry. At IBS, Vikash was responsible for driving key improvements across multiple finance functions, includ
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
DENVER, Jan. 5, 2024 /PRNewswire/ -- Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced the successful completion of its take-private acquisition by funds managed by Capital Square Partners ("CSP"), effective today, January 5, 2024. Under the terms of the definitive agreement for the transaction that was previously announced on October 10, 2023, CSP will acquire all shares of Startek common stock not already owned by CSP, for $4.30 per share in cash. With the completion of the take-private acquisition, Startek's common stock ceased trading before market open on January 5, 2024 and will no longer be listed on the New Y
DENVER, Dec. 14, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, is proud to announce its recent recognition with two prestigious Comparably Awards: Best Company for Women and Best Company for Diversity. Comparably, a leading workplace culture and compensation monitoring site, collects and analyzes employee feedback to determine the recipients of its awards. This recognition in both the Best Company for Women and Best Company for Diversity categories highlights the company's outstanding efforts in fostering a workplace that values equality, inclusivity and individual contributions. "Receiving these awards is a tremendous honor," said Bharat Ra
DENVER, Dec. 13, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, has been recognized by Great Place To Work® India as one of India's Best Workplaces™ in IT & IT-BPM for the year 2023. The prestigious accolade is a testament to the Startek commitment to fostering a positive and inclusive work environment for its associates. As a global authority on workplace culture, Great Place To Work has been studying employee experience and people practices across organizations for over three decades. Every year, more than 100 million employees from over 150 countries worldwide take the with Great Place To Work for assessment, benchmarking, and planning of
Digital transformation delivers 34% call deflection for Jemena DENVER, Dec. 12, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, and Jemena, a leading Australian energy distributor, today announced the impact of their partnership designed to modernize customer experience delivery for Jemena Customers. This strategic collaboration reflects the Startek commitment to effectively combine people, technology and data to deliver customer experience excellence for leading brands. Through this partnership, Jemena sought to modernize its call center delivery to better engage its increasingly digital savvy customers and enhance its overall customer experi
MANILA, Philippines, Dec. 7, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, is honored to announce its latest achievement, being a Great Place To Work® Certified™ company in the Philippines based on a remarkable 79% overall associate satisfaction rate. This prestigious certification reflects our ongoing commitment to providing an exceptional work environment where associates feel valued, empowered and motivated to excel. Great Place To Work® recognizes organizations that excel in promoting work-life balance, fostering a positive company culture and maintaining ethical senior management practices. To establish which companies deserve this acco
DENVER , Nov. 22, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider announced today that Startek Agent AI has been named New Product of the Year in the Business Intelligence Group BIG Award for Business. Startek Agent AI integrates three advanced AI solutions to boost both employee (EX) and customer experience (CX). The platform uses AI for global contact center agent training, emphasizing real-life scenario-based learning to improve speed to proficiency. Startek proactively combines people, technology and data to deliver customer experience excellence for leading brands. By blending people and technology Startek is creating the contact center of
DENVER, Oct. 10, 2023 /PRNewswire/ -- Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced that it has entered into a definitive agreement to be acquired by funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million. Under the terms of the agreement, CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash. The purchase price represents a premium of approximately 32% to Startek's closing share price of $3.26 on October 9, 2023, the last trading d
DENVER, Sept. 27, 2023 /PRNewswire/ -- Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, is honored to announce its recognition among India's Best Workplaces™ for Women 2023 (Large): Top 10 by Great Place To Work®, a global authority on workplace culture. This marks the second consecutive year that Startek India has achieved this prestigious accolade, following its initial recognition in 2021. This accomplishment underscores the Startek commitment to fostering an inclusive and empowering work environment for women. In addition to this commendation, Sta
Awards of Happiness®, RRHH Digital and ALCEB Commend the company's Inclusivity Efforts and Inspirational Leadership Startek® (NYSE:SRT), a global customer experience (CX) solutions provider, is thrilled to announce prestigious accolades from the Awards of Happiness®, RRHH Digital and Association of Culture and Employer Branding Leaders (ALCEB), underscoring the company's steadfast commitment to fostering excellence, diversity and inclusion at work. Startek is the first CX solution provider in Honduras to achieve a Diversity and Inclusion certification. Startek Honduras was honored with the Diversity and Inclusion Certification, highlighting the organization's dedication to cultivating a
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StarTek, Inc. (NYSE:SRT) shares are trading higher Tuesday after the company announced an agreement to be acquired by funds managed by CSP Management Limited for $4.30 per share in cash. What To Know: CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash. The all-cash transaction has a total enterprise value of approximately $217 million and total equity value of approximately $174 million. Trading of the stock was halted and then resumed early in Tuesday's session. Also, according to data from Benzinga Pro, the stock experienced above-average trading volume of 877,491 shares compared to its average volume of 31,152. Barrington Research a
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 175 points on Tuesday. The Dow traded up 0.53% to 33,781.59 while the NASDAQ rose 0.72% to 13,581.64. The S&P 500 also rose, gaining, 0.68% to 4,364.93. Check This Out: Walgreens Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts Leading and Lagging Sectors Materials shares surged by 1.5% on Tuesday. In trading on Tuesday, information technology shares rose by just 0.1%. Top Headline Neogen Corporation (NASDAQ:NEOG) reported weaker-than-expected results for its first quarter on Tuesday. The company posted quarterly sales of $2
Gainers SuperCom Ltd. (NASDAQ:SPCB) shares jumped 89% to $0.6805, after falling 13% on Monday. SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares climbed 87.1% to $3.18 after the company announced it secured a majority stake in True Gold Consortium. PowerFleet, Inc. (NASDAQ:PWFL) gained 42% to $2.80. Powerfleet and MiX Telematics entered into a definitive agreement to form one of the largest mobile asset Internet of Things Software-as-a-Service providers in the world. SaverOne 2014 Ltd (NASDAQ:SVRE) rose 31.1% to $0.7010. Intrusion Inc. (NASDAQ:INTZ) gained 30.4% to $0.4565. Intrusion has been awarded a $5 million agreement with a large telecommunications provider to pro
U.S. stocks traded higher midway through trading, with the Dow Jones gaining over 250 points on Tuesday. The Dow traded up 0.81% to 33,876.62 while the NASDAQ rose 1.23% to 13,650.54. The S&P 500 also rose, gaining, 1.10% to 4,383.17. Check This Out: Walgreens Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts Leading and Lagging Sectors Consumer discretionary shares rose by 1.4% on Tuesday. In trading on Tuesday, energy shares fell by around 0.1%. Top Headline U.S. wholesale inventories fell 0.1% month-over-month in August. Equities Trading UP SMX (Security Matters) Public Limited Company (NASDAQ:SMX) s
Upgrades According to RBC Capital, the prior rating for Montrose Environmental Group Inc (NYSE:MEG) was changed from Sector Perform to Outperform. In the second quarter, Montrose Environmental Gr showed an EPS of $0.13, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.00 and a 52-week-low of $26.64. Montrose Environmental Gr closed at $27.76 at the end of the last trading period. For Ameris Bancorp (NASDAQ:ABCB), DA Davidson upgraded the previous rating of Neutral to Buy. For the second quarter, Ameris had an EPS of $0.91, compared to year-ago quarter EPS of $1.18. The stock has a 52-week-high of $54.17 and a 52-week-low of $28.33. At the end
Barrington Research analyst Christopher Howe downgrades StarTek (NYSE:SRT) from Outperform to Market Perform.