Pareteum (TEUM) Releases Earnings Results, Beats Expectations By $0.03 EPS

Pareteum (NYSEAMERICAN:TEUM) posted its earnings results on Tuesday. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Morningstar.com reports. The company had revenue of $14.31 million during the quarter, compared to analyst estimates of $13.40 million. Pareteum updated its FY 2019 guidance to EPS.

NYSEAMERICAN:TEUM opened at $4.79 on Thursday. Pareteum has a 52 week low of $1.45 and a 52 week high of $5.15.

TEUM has been the subject of a number of recent analyst reports. Northland Securities initiated coverage on Pareteum in a research note on Thursday, December 20th. They set an “outperform” rating for the company. TheStreet lowered Pareteum from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. Maxim Group initiated coverage on Pareteum in a research note on Friday, January 11th. They set a “buy” rating and a $7.00 price objective for the company. Zacks Investment Research lowered Pareteum from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Finally, Craig Hallum initiated coverage on Pareteum in a research note on Monday, January 28th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Pareteum has a consensus rating of “Buy” and a consensus target price of $5.75.

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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 for Pareteum (NYSEAMERICAN:TEUM)

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