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PARETEUM CORPORATION

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 08/24/2018)

Symbol: TEUM
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $4.00
Time Horizon: 12 Months
Rating Established: May 25, 2018
Price When Established: $2.36
Most Recent Report: August 24, 2018
Price When Issued: $2.52


What's New

Pareteum Announces Shareholders Vote in Favor of Artilium Acquisition

On September 13, 2018, Pareteum Corporation (NYSE American: TEUM) announced shareholders voted 98% in favor of issuing shares to acquire Artilium. The transaction is expected to close by October 1, 2018.

The combined companies, on a pro forma basis, post-closing (assuming the businesses had been fully combined for the whole financial year ending 31 December 2018), is expected to generate revenue of approximately $49 million with approximately 4.2 million connections, and adjusted EBITDA of approximately $11.9 million.


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 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.