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PARETEUM CORPORATION

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Note (Dated 03/18/2019)

Symbol: TEUM
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $10.00
Time Horizon: 12 Months
Rating Established: May 25, 2018
Price When Established: $2.36
Most Recent Report: March 18, 2019
Price When Issued: $5.21


What's New

Pareteum and Citrix Agreement

On March 20, 2019, Pareteum Corporation (NASDAQ: TEUM) announced a new sales transaction with Citrix Systems, Inc. (NASDAQ: CTXS). The agreement will see Citrix migrate employees to a cloud-based deployment of Pareteum's iPass SmartConnectTM solution, which has been fully integrated with Citrix's existing single sign-on solution to provide users with an enhanced security experience. A phased rollout is currently underway.

Using the Pareteum solution on corporate-issued and BYOD devices, Citrix's mobile employees will be able to seamlessly and securely connect to millions of Wi-Fi hotspots globally, automatically transitioning back to cellular when Wi-Fi is not available. By integrating the Pareteum offering with its existing single sign-on solution (Okta), Citrix will be able to manage access controls such that employees will only need to securely sign in once to get connected to Wi-Fi across the globe.

Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. Citrix solutions are in use by more than 400,000 organizations including 99 percent of the Fortune 100 and 98 percent of the Fortune 500.


Company Description

Pareteum Corporation, headquartered in New York, NY, is a cloud communications platform company. Cloud communications involves the integration of multiple communication methods and services that can be accessed over the Internet and are handled and hosted by a third-party (such as Pareteum) through the cloud.


Company Reports

Updated Research Note (Dated March 18, 2019)
Updated Research Note (Dated February 20, 2019)
Updated Research Report (Dated November 19, 2018)
Updated Research Report (Dated August 24, 2018)
Initial Research Report (Dated May 25, 2018)

Disclaimer

Please view our current disclosure and disclaimer on our most recent research report.