FY2019 EPS Estimates for Pareteum Corp (TEUM) Boosted by Oppenheimer

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Pareteum Corp (NYSEAMERICAN:TEUM) – Research analysts at Oppenheimer boosted their FY2019 earnings per share estimates for shares of Pareteum in a research note issued on Friday, May 17th. Oppenheimer analyst T. Horan now forecasts that the technology company will post earnings of $0.07 per share for the year, up from their previous estimate of $0.06. Oppenheimer has a “Outperform” rating and a $7.00 price target on the stock.

Pareteum (NYSEAMERICAN:TEUM) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The company had revenue of $23.04 million for the quarter, compared to analysts’ expectations of $20.90 million.

Several other equities research analysts have also issued reports on TEUM. Craig Hallum initiated coverage on shares of Pareteum in a research note on Monday, January 28th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Pareteum from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Northland Securities reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Pareteum in a report on Friday, March 1st. Maxim Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Pareteum in a report on Monday, March 4th. Finally, CIBC initiated coverage on shares of Pareteum in a report on Friday, April 26th. They issued an “outperform” rating and a $7.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $6.33.

Shares of TEUM stock opened at $4.68 on Monday. Pareteum has a 12-month low of $1.45 and a 12-month high of $5.93.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEUM. Herald Investment Management Ltd bought a new position in Pareteum in the 4th quarter valued at $3,460,000. Marshall Wace North America L.P. bought a new position in Pareteum in the 1st quarter valued at $5,849,000. The Manufacturers Life Insurance Company bought a new position in Pareteum in the 1st quarter valued at $5,765,000. Vanguard Group Inc boosted its holdings in Pareteum by 80.6% in the 3rd quarter. Vanguard Group Inc now owns 2,232,888 shares of the technology company’s stock valued at $6,698,000 after purchasing an additional 996,618 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Pareteum by 80.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,232,888 shares of the technology company’s stock valued at $6,698,000 after purchasing an additional 996,618 shares during the period.

About Pareteum

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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Earnings History and Estimates for Pareteum (NYSEAMERICAN:TEUM)

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