In-flight entertainment stocks diverge after years of turbulence [Business News Network (BNN) Energy & Resources (Canada)]
Gogo Inc. (GOGO)
Last gogo inc. earnings: 3/13 07:00 am
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Source: Business News Network
In-flight entertainment stocks diverge after years of turbulence In-flight media provider Gogo Inc. has seen little recovery since its May 8 plunge of 36 per cent. Meanwhile, one of its fiercest competitors -- Global Eagle Entertainment Inc. -- surged 35 per cent Monday. Shares of both companies have fallen at least 70 per cent over the past five years, but Northland Securities analyst Paul Penney now sees the two moving in opposite directions. While Gogo is grappling with “deep-rooted” problems, Global Eagle is “in the early innings of a financial and operational comeback,” Penney said in a phone interview. Global Eagle secured US$150 million in funding from Searchlight Capital in March and has signed several new business deals, including a new undisclosed customer in Europe. “The Searchlight investment gives investors comfort that there’s adequate runway to run the business,” Penney said. “They now have a balance sheet that will enable them to regain their footing in the marketplace
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GOGO
News
- Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Gogo Inc. (NASDAQ: GOGO) had its price target lowered by analysts at Morgan Stanley from $15.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- Gogo Secures FCC Regulatory Approval for Gogo Galileo TerminalsPR Newswire
- GOGO to Transform In-Flight Connectivity for Business Aviation [Yahoo! Finance]Yahoo! Finance
- Gogo Galileo Global Broadband Coming to European OperatorsPR Newswire
GOGO
Earnings
- 2/28/24 - In-Line
GOGO
Sec Filings
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GOGO's page on the SEC website