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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Cerberus Telecom Acquisition (KORE)
ZACKS· 2024-12-30 14:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
KORE Announces NYSE Acceptance of Plan to Regain Listing Compliance
Prnewswire· 2024-12-23 22:00
ATLANTA, Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802. ...
Cerberus Telecom Acquisition (KORE) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2024-12-20 15:56
Shares of KORE Group Holdings, Inc. (KORE) have been struggling lately and have lost 14.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts abo ...
KORE Group Holdings, Inc. (KORE) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-20 00:20
KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $1 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.50%. A quarter ago, it was expected that this company would post a loss of $0.68 per share when it actually produced a loss of $0.99, delivering a surprise of -45.59%.Over the last four quarters, the company has ...
KORE(KORE) - 2024 Q3 - Earnings Call Transcript
2024-11-19 23:27
KORE Group Holdings, Inc. (NYSE:KORE) Q3 2024 Earnings Conference Call November 19, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director of Investor Relations Ron Totton - President and Chief Executive Officer Paul Holtz - Chief Financial Officer Conference Call Participants Lance Vitanza - TD Cowen Mary Lenox - Morgan Stanley Operator Greetings and welcome to the KORE Group Holdings, Inc. Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in listen-only ...
KORE(KORE) - 2024 Q3 - Earnings Call Presentation
2024-11-19 22:16
KORE 1 T h i r d Q u a r t e r 2 0 2 4 E a r n i n g s P r e s e n t a t i o n November 19, 2024 KORE Di scl aime rs Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. KORE's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looki ...
KORE(KORE) - 2024 Q3 - Quarterly Report
2024-11-19 22:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40856 _____________________________ KORE Group Holdings, Inc. (Exact name of registrant as specifi ...
KORE(KORE) - 2024 Q3 - Quarterly Results
2024-11-19 21:16
EXHIBIT 99.1 KORE Reports Third Quarter 2024 Results and Completion of Restructuring Plan • Restructuring plan completed • Growth in Connectivity and Connections • On track to meet 2024 guidance ATLANTA – November 19, 2024 – KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 20 ...
KORE Reports Third Quarter 2024 Results and Completion of Restructuring Plan
Prnewswire· 2024-11-19 21:05
Restructuring plan completed Growth in Connectivity and Connections On track to meet 2024 guidanceATLANTA, Nov. 19, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 2024.Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $ ...
KORE Reschedules Third Quarter 2024 Financial Results and Live Webcast
Prnewswire· 2024-11-12 22:43
Company to restate Second Quarter 2024 Financial StatementsNo impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affectedATLANTA, Nov. 12, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's ...