ORBCOMM Company Profile (NASDAQ:ORBC)

ORBCOMM trades on the NASDAQ under the ticker symbol "ORBC."

ORBCOMM Inc (NASDAQ:ORBC) issued its earnings results on Thursday, May, 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The business earned $51.90 million during the quarter, compared to analysts' expectations of $48.59 million. ORBCOMM had a negative return on equity of 2.86% and a negative net margin of 10.86%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. View ORBCOMM's Earnings History.

5 equities research analysts have issued 12 month price objectives for ORBCOMM's shares. Their predictions range from $11.50 to $14.00. On average, they expect ORBCOMM's share price to reach $12.83 in the next year. View Analyst Ratings for ORBCOMM.

Here are some recent quotes from research analysts about ORBCOMM stock:

• 1. According to Zacks Investment Research, "ORBCOMM INC., is a leading global satellite data communications company, focused on Machine-to-Machine communications. Its customers include General Electric, Caterpillar Inc., Volvo Group and Komatsu Ltd. among other industry leaders. By means of a global network of twenty nine low-earth orbit satellites and accompanying ground infrastructure, ORBCOMM's low-cost and reliable two-way data communications products and services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. The company's products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has a Network Control Center in Dulles, Virginia. " (5/10/2017)
• 2. Chardan Capital analysts commented, "We reiterate our Buy recommendation and $11.50 price target for ORBCOMM based on the company's strong backlog, and robust pipeline. For the year we are looking for revenue of $208 million, $124 million from service revenue and $84 million from hardware. Our service revenue is above the high end of the company's guidance of $118 million to $122 million and our hardware revenue is at the low end of the company's $80 million to $110 million guidance." (3/2/2017)
• 3. Canaccord Genuity analysts commented, "We recently hosted a day of investor meetings in New York with CEO Marc Eisenberg, and ORBCOMM remains a top pick in our IoT coverage universe with strong long-term recurring revenue growth potential. While hardware revenue will likely remain lumpy quarter to quarter, we believe the company’s pipeline remains strong and our long-term thesis remains intact. We identify five catalysts positioning ORBCOMM for strong revenue and adjusted EBITDA growth in 2017 and beyond. First, we believe ORBCOMM should ramp its solutions based on a strong customer pipeline including 4 larger opportunities that should more than replace the larger Hub Group and Wal-Mart hardware deals that ramped in 2015/2016. Second, we believe the new OG2 satellite network should drive higher network services revenue as ORBCOMM drives both new customers and renewals from existing customers. Third, we believe the growing R&D team creating new hardware and end-to-end solutions should drive new growth opportunities. Fourth, we believe AIS sales should steadily improve and drive strong incremental EBITDA growth. Finally, we believe ORBCOMM’s partnerships with CIMC (China International Marine Company) and Carrier, the leading refrigerated trucking OEM, should result in strong long-term growth opportunities as these leading OEMs enable ORBCOMM to reach a broader customer base with their end- to-end solutions." (12/2/2016)

ORBCOMM saw a decrease in short interest in March. As of March 31st, there was short interest totalling 4,826,676 shares, a decrease of 9.1% from the March 15th total of 5,307,511 shares. Based on an average trading volume of 406,314 shares, the short-interest ratio is currently 11.9 days.

Some companies that are related to ORBCOMM include GTT Communications (GTT), 8x8 (EGHT), Gogo (GOGO), Iridium Communications (IRDM), Boingo Wireless (WIFI), Premiere Global Services (PGI), Lumos Networks Corp (LMOS), Intelsat SA (I), Hawaiian Telcom HoldCo (HCOM), Ooma (OOMA), Inseego Corp (INSG), Towerstream (TWER), Oi SA (OIBR) and Xura (MESG).

ORBCOMM's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.16%), Dimensional Fund Advisors LP (5.51%), Ariel Investments LLC (4.99%), Levy Harkins & Co. Inc. (3.94%), Wellington Management Group LLP (3.09%) and Granite Investment Partners LLC (2.41%). Company insiders that own ORBCOMM stock include Constantine Milcos, Jerome B Eisenberg, Marc Eisenberg and Timothy Kelleher. View Institutional Ownership Trends for ORBCOMM.

ORBCOMM's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Loomis Sayles & Co. L P, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., Credit Suisse AG, Ariel Investments LLC, Morgan Stanley and William Blair Investment Management LLC. Company insiders that have sold ORBCOMM stock in the last year include Constantine Milcos, Jerome B Eisenberg and Marc Eisenberg. View Insider Buying and Selling for ORBCOMM.

ORBCOMM's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FMR LLC, Granite Investment Partners LLC, Renaissance Technologies LLC, Pier Capital LLC, RK Capital Management LLC, Weiss Multi Strategy Advisers LLC and Millrace Asset Group Inc.. View Insider Buying and Selling for ORBCOMM.

Shares of ORBCOMM can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ORBCOMM stock can currently be purchased for approximately $9.64.