Gogo Inc Cmn Stk (NASDAQ:GOGO):
Cathay Pacific Group Selects Gogo for Inflight Connectivity.
The company is now up since yesterday’s close of 9.74.
Gogo Inc., launched on December 14, 2009, is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). As of December 31, 2016, the Company provided its services on 2,943 commercial aircraft. Its BA segment offers a suite of in-flight Internet connectivity and other voice and data communications products and services to the business aviation market. It offers global network solutions, which include global satellite solutions for CA, global satellite solutions for BA and North American solutions for CA-NA and BA, and airborne equipment..
Gogo Inc Cmn Stk currently has a P/E ratio of N/A and the market value is 888.55M. In the latest earnings report the EPS was $-1.99 with 86.77M shares presently outstanding.
Investors are a little more bearish on shares of Gogo Inc Cmn Stk of late considering the uptick in short interest. The stock recorded a rise in short interest of 5.83% between September 29, 2017 and October 13, 2017. Short shares increased from 25,295,811 to 26,770,774 over that timeframe. With short interest at 26,770,774 and short average daily volume at 1,097,269, the short-interest ratio is 24.0 and the percentage of shorted shares was 0.31% on October 13.
Ratings firms have issued ratings on the company of late. On October 9 Guggenheim held the stock rating at “Buy” with a current price target of $16.00. On September 19, 2017 Northland Securities updated its forecast on GOGO giving it an initial rating of “Under Perform”.