Over a week ago
Earnings
Backs FY23 adjusted…
Backs FY23 adjusted EBITDA in the range of $60M-$62M, representing a margin of approximately 20%.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 03/28/23 Northland Kore Group price target lowered to $12 from $14 at Northland 03/28/23 Morgan Stanley Kore Group price target lowered to $2 from $2.50 at Morgan Stanley 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/09/23 Kore Group reports Q1 EPS (24c), consensus (8c) 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c)
Earnings
Reports Q1 revenue $66M,…
Reports Q1 revenue $66M, consensus $64.8M.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 03/28/23 Northland Kore Group price target lowered to $12 from $14 at Northland 03/28/23 Morgan Stanley Kore Group price target lowered to $2 from $2.50 at Morgan Stanley 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M
Over a month ago
Conference/Events
Virtual Meeting to be…
Virtual Meeting to be held on April 24 hosted by Seaport Global.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 03/28/23 Northland Kore Group price target lowered to $12 from $14 at Northland 03/28/23 Morgan Stanley Kore Group price target lowered to $2 from $2.50 at Morgan Stanley 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M
Conference/Events
Virtual Meeting to be…
Virtual Meeting to be held on April 24 hosted by Seaport Global.
Show Hide Related Items >> <<
03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 03/28/23 Northland Kore Group price target lowered to $12 from $14 at Northland 03/28/23 Morgan Stanley Kore Group price target lowered to $2 from $2.50 at Morgan Stanley 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M
Recommendations
Northland analyst Michael…
Northland analyst Michael Latimore lowered the firm's price target on Kore Group (KORE) to $12 from $14 and keeps an Outperform rating on the shares. Q4 results were largely inline and the company guided FY23 revenue "well above consensus," and EBITDA below consensus based on the Twilio IoT acquisition. The acquisition of Twilio's (TWLO) IoT business further reflects Kore's goal to simplify IoT development and use, said the analyst, who calls the acquisition "savvy."
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03/09/23 Qualtrics, Twilio team to create 'richer customer profiles' and actionable ideas 02/27/23 Twilio CEO buys $10.0M in common stock 02/16/23 Twilio rises 18.3% 03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 03/28/23 Morgan Stanley Kore Group price target lowered to $2 from $2.50 at Morgan Stanley 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 03/12/23 Barclays Barclays reveals software names that could be impacted by SVB 02/24/23 Jefferies Twilio price target raised to $60 from $50 at Jefferies 02/21/23 Mizuho Twilio price target raised to $90 from $75 at Mizuho 02/16/23 Piper Sandler Twilio price target raised to $83 from $69 at Piper Sandler 02/15/23 Twilio sees Q1 adjusted EPS 18c-22c, consensus 1c 02/15/23 Twilio reports Q4 adjusted EPS 22c, consensus (9c) 02/15/23 Notable companies reporting after market close 11/03/22 Twilio sees Q4 EPS (11c)-(6c), consensus (12c) 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 02/01/23 GoodRx to pay $1.5M fine over sharing health data, Bloomberg Law reports 02/16/23 What You Missed On Wall Street On Thursday 02/16/23 What You Missed On Wall Street This Morning 02/16/23 Fly Intel: Pre-market Movers 02/15/23 Fly Intel: After-Hours Movers 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers 02/28/23 Unusually active option classes on open February 28th 02/15/23 Twilio options imply 13.1% move in share price post-earnings 12/27/22 Twilio put volume heavy and directionally bearish 11/03/22 Twilio options imply 11.7% move in share price post-earnings
Recommendations
Morgan Stanley analyst…
Morgan Stanley analyst Meta Marshall lowered the firm's price target on Kore Group to $2 from $2.50 and keeps an Equal Weight rating on the shares. The company's Q4 was largely as expected and Kore "needs a cleaner roadmap to predictable earnings to become more investible," the analyst tells investors.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 04/12/22 Morgan Stanley Kore Group price target lowered to $6.50 from $7.50 at Morgan Stanley 03/27/23 Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers
Earnings
Sees FY23 adjusted EBITDA…
Sees FY23 adjusted EBITDA $60M-$62M, representing an adjusted EBITDA margin of approximately 20%. CEO Bahl concluded, "We are excited to enter 2023 with a positive outlook, now that the 2G and 3G sunsets in North America, which have masked our true growth in connected devices, are behind us and ARPU has stabilized. Further, our industry-leading innovative products, such as Kore OmniSIM, are gaining traction in the market. Kore enjoys the benefit of more than 80% recurring revenue, which alongside a robust pipeline of growth opportunities, gives us confidence in our ability to deliver sustainable growth in 2023 and through the coming Decade of IoT."
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 04/12/22 Morgan Stanley Kore Group price target lowered to $6.50 from $7.50 at Morgan Stanley 03/27/23 Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c) 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 11/14/22 Kore Group reports Q3 EPS (17c), consensus (13c) 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers
Earnings
Reports preliminary FY22…
Reports preliminary FY22 revenue $268.4M, consensus $266.83M.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 04/12/22 Morgan Stanley Kore Group price target lowered to $6.50 from $7.50 at Morgan Stanley 03/27/23 Kore Group reports preliminary Q4 EPS (90c), consensus (11c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 11/14/22 Kore Group reports Q3 EPS (17c), consensus (13c) 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers
Earnings
Reports preliminary Q4…
Reports preliminary Q4 revenue $62.4M, consensus $60.94M.
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03/27/23 Kore Group to acquire Twilio's IoT business unit 12/05/22 Kore Group forms go to market alliance with Google Cloud 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 04/12/22 Morgan Stanley Kore Group price target lowered to $6.50 from $7.50 at Morgan Stanley 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 11/14/22 Kore Group reports Q3 EPS (17c), consensus (13c) 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers
Hot Stocks
Kore Group (KORE)…
Kore Group (KORE) announced the signing of a definitive agreement to acquire Twilio's (TWLO) IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world's leading pure-play IoT provider. As consideration for the acquisition, Twilio will receive 10M shares of Kore common stock, which will represent approximately 11.5% of Kore's issued and outstanding shares. Completion of the acquisition transaction is subject to customary closing conditions, including, among other things, the negotiation and execution of certain ancillary agreements.
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03/09/23 Qualtrics, Twilio team to create 'richer customer profiles' and actionable ideas 02/27/23 Twilio CEO buys $10.0M in common stock 02/16/23 Twilio rises 18.3% 02/16/23 Twilio rises 15.9% 12/05/22 Kore Group forms go to market alliance with Google Cloud 11/15/22 Deutsche Bank Kore Group price target lowered to $4 from $5 at Deutsche Bank 08/12/22 TD Cowen Kore Group price target lowered to $9 from $12.50 at Cowen 05/17/22 Deutsche Bank Kore Group price target lowered to $6 from $7.50 at Deutsche Bank 04/12/22 Morgan Stanley Kore Group price target lowered to $6.50 from $7.50 at Morgan Stanley 03/12/23 Barclays Barclays reveals software names that could be impacted by SVB 02/24/23 Jefferies Twilio price target raised to $60 from $50 at Jefferies 02/21/23 Mizuho Twilio price target raised to $90 from $75 at Mizuho 02/16/23 Piper Sandler Twilio price target raised to $83 from $69 at Piper Sandler 02/15/23 Twilio sees Q1 adjusted EPS 18c-22c, consensus 1c 02/15/23 Twilio reports Q4 adjusted EPS 22c, consensus (9c) 02/15/23 Notable companies reporting after market close 11/03/22 Twilio sees Q4 EPS (11c)-(6c), consensus (12c) 11/14/22 Kore Group sees FY22 revenue $265M-$267M, consensus $265.74M 11/14/22 Kore Group reports Q3 EPS (17c), consensus (13c) 02/01/23 GoodRx to pay $1.5M fine over sharing health data, Bloomberg Law reports 02/16/23 What You Missed On Wall Street On Thursday 02/16/23 What You Missed On Wall Street This Morning 02/16/23 Fly Intel: Pre-market Movers 02/15/23 Fly Intel: After-Hours Movers 10/05/22 Fly Intel: Pre-market Movers 10/04/22 Fly Intel: After-Hours Movers 02/28/23 Unusually active option classes on open February 28th 02/15/23 Twilio options imply 13.1% move in share price post-earnings 12/27/22 Twilio put volume heavy and directionally bearish 11/03/22 Twilio options imply 11.7% move in share price post-earnings
