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GOGO

Gogo

$4.70

-0.14 (-2.89%)

10:02
07/13/18
07/13
10:02
07/13/18
10:02

Gogo falls over 5% after announcing strategic review

Shares of wireless broadband provider for aviation firm Gogo are lower after the company announced a strategic review after the close of trading last night. In early trading on Friday, Gogo is falling 5.6% or 27c to $4.55 per share.

  • 13

    Jul

GOGO Gogo
$4.70

-0.14 (-2.89%)

05/30/18
MSCO
05/30/18
NO CHANGE
Target $3
MSCO
Underweight
Gogo price target lowered to $3 from $7 at Morgan Stanley
Morgan Stanley analyst Simon Flannery said Gogo's recent weak results raise questions about its underlying business, financial model and ability to generate positive free cash flow. Given his expectations for significantly lower commercial aviation North America revenue and profitability, Flannery cut his 2018 adjusted EBITDA estimate for Gogo by about 55% and his 2019/2020 estimates by about 15%. He lowered his price target on Gogo shares to $3 from $7 and maintains an Underweight rating on the stock.
05/21/18
UBSW
05/21/18
DOWNGRADE
Target $7
UBSW
Neutral
Gogo downgraded to Neutral from Buy at UBS
UBS downgraded Gogo to Neutral from Buy and lowered its price target to $7 from $14.
05/18/18
NORL
05/18/18
NO CHANGE
Target $1.5
NORL
Underperform
Gogo price target lowered to $1.50 from $3.50 at Northland
Norhtland analyst Paul Penney believes Gogo's issues remain "far reaching and deep," and as a result, cut estimates to take in account lower business and profitability levels. Penney said Gogo's excessive capex spending levels are not sustainable and expects continued equity erosion, leading the analyst to cut his price target to $1.50 from $3.50 and reiterate an Underperform rating.
04/11/18
WBLR
04/11/18
NO CHANGE
WBLR
Google interest ups chances of in-flight Wi-Fi acquisition, says William Blair
"We have seen this movie before" is what William Blair analyst Louie DiPalma says after Bloomberg reported yesterday that Google (GOOG, GOOGL) is in advanced talks to acquire Nokia's in-flight connectivity hardware business. Google joins a long list of technology, telecom, and media providers that have exhibited a strategic interest in in-flight Wi-Fi, "although all have thus far stayed on the perimeter," DiPalma tells investors in a research note. The analyst notes that incumbents Gogo (GOGO), Panasonic (PCRFY), ViaSat (VSAT), Global Eagle Entertainment (ENT), and Inmarsat (IMASY) have invested billions toward satellite capacity and infrastructure. The industry is all about scale and potential new entrants would not have any, DiPalma contends. He believes it would take any new entrant many years to build a network from scratch, obtain regulatory approvals, and procure line-fit partnerships. The analyst thinks Google's interest in in-flight connectivity increases the probability that a tech or telecom company would buy an incumbent in the space. DiPalma has Outperform ratings on ViaSat and Gogo and a Market Perform rating on Global Eagle.

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$NSD

NASDAQ Market Internals

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DIS

Disney

$115.93

-1.16 (-0.99%)

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Disney plans to build nature-inspired mixed-use resort on Bay Lake »

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VLKAY

Volkswagen

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Porsche

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Porsche exec expects to repeat record car sales in 2018, Reuters says »

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Volkswagen

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Porsche

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BT

BT Group

$15.91

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, WP

Worldpay

$94.21

-2.455 (-2.54%)

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Periodicals
BT offers CEO position to Worldpay's Jansen, Bloomberg says »

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BT Group

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WP

Worldpay

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SNAP

Snap

$6.76

-0.3 (-4.25%)

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Options
Time spreads in Snap as shares see further weakness »

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AXP

American Express

$102.51

-1.88 (-1.80%)

, PYPL

PayPal

$77.80

-2.31 (-2.88%)

14:02
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14:02
Hot Stocks
American Express, PayPal announce expanded strategic partnership »

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AXP

American Express

$102.51

-1.88 (-1.80%)

PYPL

PayPal

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-2.31 (-2.88%)

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GSVC

GSV Capital

$6.75

0.13 (1.96%)

14:00
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Options
Far downside put buyers in GSV Capital Corporation »

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SCHW

Charles Schwab

$46.56

-1.49 (-3.10%)

13:55
10/18/18
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13:55
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13:55
Options
Charles Schwab put volume heavy and directionally bearish »

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    Oct

FSNUY

Fresenius SE

$0.00

(0.00%)

, AKRX

Akorn

$6.94

-0.18 (-2.53%)

13:51
10/18/18
10/18
13:51
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13:51
Hot Stocks
Akorn appeals ruling in Fresenius buyout case to Delaware Supreme Court »

Akorn (AKRX) announced…

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Fresenius SE

$0.00

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AKRX

Akorn

$6.94

-0.18 (-2.53%)

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GT

Goodyear Tire

$20.47

-0.98 (-4.57%)

, CTB

Cooper Tire

$24.67

-0.97 (-3.78%)

13:50
10/18/18
10/18
13:50
10/18/18
13:50
OnTheFly
Goodyear, Cooper Tire slide after Michelin cuts full year market forecasts »

Shares of Goodyear Tire…

GT

Goodyear Tire

$20.47

-0.98 (-4.57%)

CTB

Cooper Tire

$24.67

-0.97 (-3.78%)

MGDDY

Michelin

$0.00

(0.00%)

CTTAY

Continental AG

$0.00

(0.00%)

CNHI

CNH Industrial

$10.61

-0.44 (-3.98%)

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ZION

Zions Bancorp

$47.57

-0.86 (-1.78%)

13:45
10/18/18
10/18
13:45
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13:45
Options
Zions Bancorp call volume above normal and directionally bullish »

Bullish option flow…

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  • 22

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ARQL

ArQule

$4.52

-0.03 (-0.66%)

13:43
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ArQule rises 9% in afternoon trading amid conference appearance »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$275.70

-4.71 (-1.68%)

13:41
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Technical Analysis
Technical Take: SPDR S&P 500 ETF falls, bearish pattern »

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S&P 500

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SPY

SPDR S&P 500 ETF Trust

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GS

Goldman Sachs

$225.18

-3.03 (-1.33%)

13:35
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Periodicals
Goldman looks to 'weed out' women in class-action lawsuit, NY Post says »

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  • 26

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TTWO

Take-Two

$125.92

-6.08 (-4.61%)

13:35
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13:35
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Options
TakeTwo Interactive Software put volume heavy and directionally bearish »

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  • 18

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Breaking Hot Stocks news story  »

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PPG

PPG

$98.22

0.07 (0.07%)

13:28
10/18/18
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13:28
Periodicals
PPG sees currency lowering Q4 sales by $50M-$60M vs. last year, Bloomberg says »

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  • 18

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Breaking Hot Stocks news story  »

Bio Rad Laboratories…

URI

United Rentals

$123.97

-15.07 (-10.84%)

13:26
10/18/18
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13:26
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13:26
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United Rentals analyst commentary  »

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  • 18

    Oct

13:25
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General news
Treasury Option Update: put spread positioning »

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ETE

Energy Transfer Equity

$17.05

(0.00%)

, ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

13:23
10/18/18
10/18
13:23
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13:23
Hot Stocks
Energy Transfer Equity investors approve merger with Energy Transfer Partners »

Energy Transfer Equity,…

ETE

Energy Transfer Equity

$17.05

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ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

ET

Energy Transfer LP

$0.00

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  • 18

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13:23
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Breaking Hot Stocks news story  »

Bio Rad Laboratories…

NVS

Novartis

$85.96

0.62 (0.73%)

13:22
10/18/18
10/18
13:22
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13:22
Periodicals
FDA rejects Novartis's effort to repurpose inflammation drug, Reuters reports »

The FDA has snubbed…

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  • 07

    Nov

KEY

KeyCorp

$18.31

-0.44 (-2.35%)

13:20
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13:20
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Options
Heavy call activity in KeyCorp as shares fall on earnings »

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