- "We like Tangoe’s dominant share of a large market, barriers to entry, blue-chip clients, new products, potential for further client penetration, 10-15% growth with improving profitability," writes Barrington Research's Jeff Houston, launching coverage on Tangoe (OTC:TNGO) with an Outperform rating and $18 target.
- Houston forecasts 2015 revenue of $239M (+13%) and 2016 revenue of $266M (+11%), slightly below consensus estimates of $239.7M and $268.4M. At the same time, he notes management "aims to reach $1 billion of [annual] revenue over time with 100-200 basis points of annual margin improvement."
- The cloud telecom management software vendor is near its highest levels since last November.