Streetbeat News

KORE

KORE Group Holdings, Inc.

https://www.korewireless.com

Industry

Telecommunications Services

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2002 and is headquartered in Alpharetta, Georgia.

Open

2.56

Mkt cap

41M

Volume

12K

High

2.56

P/E Ratio

-0.30

52-wk high

5.45

Low

2.40

Div yield

N/A

52-wk low

1.10

Cerberus Telecom Acquisition (KORE) is highlighted as a fast-paced momentum stock trading at a reasonable price, making it a potential investment opportunity.

Portfolio Pulse from

December 30, 2024 | 3:00 pm

KORE Group Holdings, Inc. has received approval from the NYSE for its plan to regain compliance with listing standards, granting an 18-month period to meet market capitalization and stockholders' equity requirements.

Portfolio Pulse from

December 23, 2024 | 10:15 pm

Cerberus Telecom Acquisition (KORE) has formed a hammer chart pattern, suggesting potential support and a possible trend reversal. This is supported by upward revisions in earnings estimates.

Portfolio Pulse from

December 20, 2024 | 4:15 pm

KORE Group Holdings, Inc. (KORE) reported a Q3 loss of $1 per share, which was better than the Zacks Consensus Estimate of a $1.13 loss. This is an improvement from the $1.95 loss per share reported a year ago.

Portfolio Pulse from

November 20, 2024 | 12:30 am

KORE Group Holdings, Inc. held its Q3 2024 earnings call, discussing financial performance and company updates. Key participants included the CEO, CFO, and Director of Investor Relations.

Portfolio Pulse from

November 19, 2024 | 11:45 pm

KORE Group Holdings, Inc. is rescheduling its Q3 2024 financial results release and webcast due to a restatement of its Q2 2024 financial statements. The restatement is not expected to impact revenues, cash flows, or adjusted EBITDA.

Portfolio Pulse from

November 12, 2024 | 11:00 pm

KORE Group has received a non-compliance notice from the NYSE for not meeting the $50 million average global market capitalization and stockholders' equity threshold over 30 consecutive trading days.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:54 pm

TD Cowen has downgraded Kore Group Holdings from Buy to Hold, setting a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:27 pm

KORE Group shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates. Additionally, the company appointed a new CEO and announced plans to reduce its workforce by 19%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:30 pm

Kore Group Holdings (NYSE:KORE) reported Q2 2024 adjusted EPS of $(0.99), significantly missing the analyst estimate of $(0.27). Sales were $67.868M, also missing the $75.934M estimate and showing a 2.40% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:41 am

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