ORBCOMM Company Profile (NASDAQ:ORBC)

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

ORBCOMM Inc. (NASDAQ:ORBC) posted its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.05. The firm earned $56.96 million during the quarter, compared to analyst estimates of $52.93 million. ORBCOMM had a negative net margin of 15.52% and a negative return on equity of 6.16%. ORBCOMM's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. View ORBCOMM's Earnings History.

ORBCOMM is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for ORBCOMM.

5 brokers have issued 1 year target prices for ORBCOMM's shares. Their forecasts range from $11.50 to $14.00. On average, they expect ORBCOMM's share price to reach $12.88 in the next twelve months. 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. " (8/9/2017)
• 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)

Some companies that are related to ORBCOMM include Gogo (GOGO), Cellcom Israel (CEL), CalAmp Corp. (CAMP), Intelsat S.A. (I), pdvWireless (PDVW), Filtronic Plc (FTC), Superconductor Technologies (SCON), BlackBerry Ltd (RIMM), Meru Networks (MERU), RR Media Ltd (RRM) and Ruckus Wireless (RKUS).

ORBCOMM's management team includes the folowing people:

• Marc J. Eisenberg, President, Chief Executive Officer, Director
• Robert G. Costantini, Chief Financial Officer, Executive Vice President
• Christian G. Le Brun, Executive Vice President, General Counsel
• Craig E. Malone, Executive Vice President — Product Development
• John J. Stolte Jr., Executive Vice President - Technology and Operations
• Jerome B. Eisenberg, Non-Executive Chairman of the Board
• Marco R. Fuchs, Director
• Didier J. Delepine, Independent Director
• Timothy Kelleher, Independent Director
• John E. Major, Independent Director

ORBCOMM's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.05%), Franklin Resources Inc. (7.01%), Dimensional Fund Advisors LP (5.60%), Levy Harkins & Co. Inc. (3.82%), Granite Investment Partners LLC (2.45%) and State Street Corp (1.70%). Company insiders that own ORBCOMM stock include Brun Christian Le, Constantine Milcos, Jerome B Eisenberg, John J Stolte, Jr, Marc Eisenberg and Robert G Costantini. View Institutional Ownership Trends for ORBCOMM.

ORBCOMM's stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, New York State Common Retirement Fund, Royce & Associates LP, Levy Harkins & Co. Inc., Vanguard Group Inc., RK Capital Management LLC, Friedberg Investment Management and Prudential Financial Inc.. Company insiders that have sold ORBCOMM stock in the last year include Brun Christian Le, Constantine Milcos, Jerome B Eisenberg, John J Stolte, Jr, Marc Eisenberg and Robert G Costantini. View Insider Buying and Selling for ORBCOMM.

ORBCOMM's stock was acquired by a variety of institutional investors in the last quarter, including Hood River Capital Management LLC, Westfield Capital Management Co. LP, Pax World Management LLC, Eagle Asset Management Inc., Nicholas Investment Partners LP, Goldman Sachs Group Inc., Marathon Capital Management and William Blair Investment Management LLC. 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 $11.08.