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NASDAQ:ORBCORBCOMM Stock Price, Forecast & News

$2.74
-0.43 (-13.56 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$2.67
Now: $2.74
$3.17
50-Day Range
$2.30
MA: $2.66
$3.28
52-Week Range
$1.24
Now: $2.74
$8.44
Volume1.92 million shs
Average Volume819,284 shs
Market Capitalization$215.42 million
P/E RatioN/A
Dividend YieldN/A
Beta1.11
ORBCOMM Inc. provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers network connectivity, devices, device management, and Web reporting applications that are designed to track, monitor, control, and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in transportation and supply chain, heavy equipment, fixed asset monitoring, and maritime industries, as well as for governments. It also provides satellite automatic identification service data services for vessel navigation and to enhance maritime safety for government and commercial customers; and vehicle fleet management, as well as in-cab and fleet vehicle solutions using various network platforms, including its own constellation of low-Earth orbit satellites and accompanying ground infrastructure, as well as terrestrial-based cellular communication services through reseller agreements with various cellular wireless providers. In addition, the company offers customer solutions utilizing additional satellite network service options through service agreements with third party mobile satellite providers; and resells service using the two-way Inmarsat satellite network to provide higher bandwidth. It markets and sells its products and services directly to original equipment manufacturers, government customers, and end-users, as well as indirectly through market channel partners and affiliates. The company has a strategic alliance with Inmarsat plc. ORBCOMM Inc. was founded in 2001 and is headquartered in Rochelle Park, New Jersey.
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ORBCOMM logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.29 out of 5 stars


Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:ORBC
CUSIP68555P10
Phone703-433-6300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$272.01 million
Cash Flow$0.42 per share
Book Value$3.03 per share

Profitability

Net Income$-18,420,000.00

Miscellaneous

Employees785
Market Cap$215.42 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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ORBCOMM (NASDAQ:ORBC) Frequently Asked Questions

How has ORBCOMM's stock been impacted by COVID-19 (Coronavirus)?

ORBCOMM's stock was trading at $2.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ORBC shares have increased by 26.3% and is now trading at $2.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ORBCOMM?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ORBCOMM in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ORBCOMM.

When is ORBCOMM's next earnings date?

ORBCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for ORBCOMM.

How were ORBCOMM's earnings last quarter?

ORBCOMM Inc (NASDAQ:ORBC) issued its quarterly earnings results on Thursday, April, 30th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.01. The technology company earned $66.18 million during the quarter, compared to the consensus estimate of $66.03 million. ORBCOMM had a negative net margin of 7.32% and a negative return on equity of 8.32%. View ORBCOMM's earnings history.

What guidance has ORBCOMM issued on next quarter's earnings?

ORBCOMM updated its second quarter 2020 Pre-Market earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $55-60 million, compared to the consensus revenue estimate of $70.26 million.

What price target have analysts set for ORBC?

2 analysts have issued 12-month price targets for ORBCOMM's shares. Their forecasts range from $7.50 to $9.00. On average, they expect ORBCOMM's share price to reach $8.25 in the next year. This suggests a possible upside of 201.1% from the stock's current price. View analysts' price targets for ORBCOMM.

Has ORBCOMM been receiving favorable news coverage?

News headlines about ORBC stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ORBCOMM earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutORBCOMM.

Are investors shorting ORBCOMM?

ORBCOMM saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,830,000 shares, a decline of 6.2% from the April 30th total of 1,950,000 shares. Based on an average trading volume of 921,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.5% of the company's shares are short sold. View ORBCOMM's Current Options Chain.

Who are some of ORBCOMM's key competitors?

What other stocks do shareholders of ORBCOMM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ORBCOMM investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), Canopy Growth (CGC), QUALCOMM (QCOM), Boeing (BA), Energy Transfer LP Unit (ET), Freeport-McMoRan (FCX), InVitae (NVTA) and Phillips 66 (PSX).

Who are ORBCOMM's key executives?

ORBCOMM's management team includes the following people:
  • Mr. Marc J. Eisenberg, CEO, Pres & Director (Age 53)
  • Mr. John J. Stolte Jr., Exec. VP of Technology & Operations (Age 59)
  • Mr. Christian G. Le Brun, Exec. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Craig E. Malone, Exec. VP of Product Devel. (Age 56)
  • Mr. Constantine Milcos, Sr. VP. Chief Accounting Officer & Interim CFO (Age 54)

What is ORBCOMM's stock symbol?

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

Who are ORBCOMM's major shareholders?

ORBCOMM's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.13%), Rockefeller Capital Management L.P. (3.67%), State Street Corp (2.51%), Geode Capital Management LLC (1.44%), Deutsche Bank AG (1.29%) and Two Sigma Investments LP (1.12%). Company insiders that own ORBCOMM stock include Adage Capital Partners Gp, LL, Brun Christian Le, Constantine Milcos, Jerome B Eisenberg, John E Major, John J Stolte Jr, Marc Eisenberg and Michael W Ford. View institutional ownership trends for ORBCOMM.

Which major investors are selling ORBCOMM stock?

ORBC stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Federated Hermes Inc., Engineers Gate Manager LP, Ingalls & Snyder LLC, Deutsche Bank AG, Squarepoint Ops LLC, Russell Investments Group Ltd., and Bogle Investment Management L P DE. Company insiders that have sold ORBCOMM company stock in the last year include Adage Capital Partners Gp, LL, and Brun Christian Le. View insider buying and selling activity for ORBCOMM.

Which major investors are buying ORBCOMM stock?

ORBC stock was acquired by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Invesco Ltd., State Street Corp, Raymond James & Associates, GSA Capital Partners LLP, Geode Capital Management LLC, Rockefeller Capital Management L.P., and IndexIQ Advisors LLC. Company insiders that have bought ORBCOMM stock in the last two years include Constantine Milcos, Jerome B Eisenberg, John E Major, and Marc Eisenberg. View insider buying and selling activity for ORBCOMM.

How do I buy shares of ORBCOMM?

Shares of ORBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ORBCOMM's stock price today?

One share of ORBC stock can currently be purchased for approximately $2.74.

How big of a company is ORBCOMM?

ORBCOMM has a market capitalization of $215.42 million and generates $272.01 million in revenue each year. The technology company earns $-18,420,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis. ORBCOMM employs 785 workers across the globe.

What is ORBCOMM's official website?

The official website for ORBCOMM is www.orbcomm.com.

How can I contact ORBCOMM?

ORBCOMM's mailing address is 395 W PASSAIC STREET, ROCHELLE PARK NJ, 07662. The technology company can be reached via phone at 703-433-6300 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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