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

1.96

Mkt cap

33M

Volume

26K

High

1.97

P/E Ratio

-0.15

52-wk high

6.45

Low

1.80

Div yield

N/A

52-wk low

1.30

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Portfolio Pulse from Avi Kapoor

July 24, 2024 | 5:26 pm

KORE Group has appointed Bruce Gordon as the new Executive Vice President and Chief Operating Officer, effective July 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 12:13 pm

KORE Group Holdings Inc (NASDAQ:KORE) shares are down 16.8% to $0.49 after announcing a 1-for-5 reverse stock split to meet NYSE's minimum listing requirements. The split, effective July 1, aims to increase the stock's per share price. KORE shares have decreased by 64.28% in the past year and have a 52-week high of $1.59 and a low of $0.32.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:49 pm

KORE Group Holdings shares are trading lower following the announcement of a 1-for-5 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:32 pm

KORE Group Holdings, Inc. (NYSE:KORE) announced a 1-for-5 reverse stock split to meet NYSE listing requirements. The split will be effective on July 1, 2024, and aims to increase the per share market price. The stock will trade on a split-adjusted basis under the symbol 'KORE'.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:26 am

Kore Group Holdings (NYSE:KORE) reported Q1 2024 GAAP EPS of $(0.19), missing the $(0.15) estimate, but sales of $75.975M beat the $73.920M estimate. EPS improved from $(0.24) last year, and sales increased by 15.16% from $65.975M.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:14 pm

Trading of KORE Group shares has resumed after a temporary halt. This development is crucial for investors monitoring the stock's performance and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:18 pm

KORE Group Holdings, Inc. (NYSE:KORE) announced a leadership transition with Romil Bahl stepping down as President and CEO, and Ronald Totton taking over as Interim President and CEO, effective May 3, 2024. Bahl, who led KORE since 2017, has been instrumental in the company's growth and its listing on the NYSE. Totton, with extensive experience in the telecom sector, joins KORE as an executive advisor before assuming his new role. The change is part of a planned transition and not due to any financial issues.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:01 pm

Trading of KORE Group Holdings shares has been temporarily halted, with an announcement indicating that news is pending.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:01 pm

Roth MKM analyst Scott Searle maintains a Buy rating on Kore Group Holdings (KORE) with a $3.5 price target.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:26 pm

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