Yesterday, 10:52 AM
- Facing faster rollouts from competitors including ViaSat (VSAT +0.4%), Panasonic (OTCPK:PCRFY -0.9%) and Global Eagle (ENT +0.1%), airborne Internet firm Gogo (GOGO +2.4%) is working on overhauling its burdened network, but it will take a couple of years.
- An upgrade to its ground-based systems will call for new equipment all around, and therefore won't be ready until 2018. Newer competitors are stealing a bit of Gogo's thunder by launching faster (and cheaper) than what's available on Gogo's pioneering platform, which began building out even before the introduction of the iPhone.
- An upgrade based on LTE wireless technology should deliver 100 Mbps to each plane, vs. Gogo's current ground-heavy system that delivers about 10 Mbps to the plane (shared among all passengers).
- Meanwhile, Gogo must work to hold customers as satellite solutions (including its own) take hold. Shares have fallen 29.4% YTD.
- It's been one of the most shorted stocks in the Russell 3000.
- Release: Gogo announces its next-generation ground network
Tue, Sep. 20, 4:46 PM
- via Bespoke - see table
- Five of the stocks have > 50% of their shares sold short.
- SHLD leads the pack.
Wed, Aug. 31, 3:18 PM
- Gogo (NASDAQ:GOGO) is on the move with sudden action this afternoon, up 2.2%, following an upgrade and an SEC filing showing a director buying in with more than $600,000.
- Over the past two days, according to the Form 4, Charles Townsend acquired a total of 52,867 shares for about an aggregate $625,950.
- Townsend's beneficial ownership is at 354,267 shares after the moves.
- Meanwhile, Standpoint Research upgraded the stock to Buy from its previous Hold rating.
- Gogo shares are down 30% YTD, but have risen 48% over the past month.
Tue, Aug. 30, 10:38 AM
- Gogo (GOGO +0.3%) has promoted John Wade to the role of executive VP and chief operating officer.
- He's been serving as the general manager of the company's business aviation division, a unit that saw revenue growth of more than 36% last quarter.
- Previously, he worked as CTO at OnAir as well as holding positions at Tenzing and GEC Marconi as part of a 30-year-plus career in aviation.
- He'll continue to have oversight over business aviation as well as responsibility for operations, quality control, commercial airline account management and commercial sales.
Mon, Aug. 15, 7:28 PM
- Gogo (NASDAQ:GOGO) gained 4.6% after it announced approval from Chinese regulators to work with its local partner, China Telecom Satellite, to offer in-flight connectivity on flights in and out of China beginning in October.
- The move means "seamless service" for Gogo-equipped flights heading into China, CEO Michael Small says, and he expects the partners will extend cooperation to Chinese airlines in the future.
- One international Gogo partner runs service to China currently, and the company says it has a term sheet with Shareco Technologies to install 2Ku service on 50 aircraft for Shareco partners, including Hainan Airlines and Beijing Capital Airlines.
Thu, Aug. 11, 7:15 PM
- Gogo (GOGO +0.8%) has added legal and airline experience to its board with two new additions.
- The company appointed Michele Coleman Mayes and Hugh Jones to board seats. Mayes is VP, general counsel and secretary for the New York Public Library, and spent five year before joining that organization as general counsel for Allstate. She also spent years in the U.S. Dept. of Justice before joining the corporate sector in 1982.
- Jones is president of Sabre Airline Solutions and had previously served as CEO and president of Travelocity. He began a travel industry career with American Airlines in 1988.
Thu, Aug. 4, 3:02 PM
Thu, Aug. 4, 10:45 AM
- Gogo (NASDAQ:GOGO) is flying this morning, up 7.4% to its highest point in two months after it beat expectations with a Q2 report boosted by more than 20% gains in revenue, and raised guidance.
- Net loss widened on a GAAP basis to $40.2M based on a $15.4M charge for extinguishment of debt; it was flat from the previous year outside of that.
- Service revenue rose 26% to $127.6M. Service revenue by segment: Commercial Aviation-North America, $89.8M (up 19.2%); Commercial Aviation-Rest of World, $5.38M (up 133%); Business Aviation, $32.4M (up 36.4%).
- It's forecasting full-year revenue of $575M-$595M (vs. $591M consensus) and EBITDA of $55M-$65M (vs. $59.7M expected). Gogo expects net new installations in CA-NA of about 300 craft; of about 75 aircraft in CA-ROW, and 2ku installations of 75-100 aircraft.
- Press Release
Thu, Aug. 4, 9:16 AM
- Gainers: CBMX +31%. OCUL +27%. ALIM +18%. GV +18%. SQ +17%. DRAM +16%. XPO +14%. PCRX +12%. FHCO +11%. EPE +10%. EXEL +8%. APHB +7%. SSYS +7%. GOGO +6%. EVOK +5%. TSEM +5%.
- Losers: SGMO -25%. TDOC -21%. INOV -17%. KOOL -13%. SEAS -10%. QUIK -9%. IMGN -9%. CF -8%. AMRN -8%. TRIP -8%. CRC -6%. USCR -6%.
Thu, Aug. 4, 7:08 AM
Wed, Aug. 3, 5:30 PM
- AAC, AAON, ACRE, ACTA, AGCO, AGIO, AKRX, ALSK, AMCX, AME, AMRN, ANIP, ANSS, APA, APLP, ARRY, AYR, BBW, BCE, BCRX, BDX, BLL, CBB, CCOI, CHD, CHK, CNNX, CNSL, COT, CPK, CRIS, CRZO, CTB, DNR, DUK, DW, ELOS, EPAM, ESNT, EVA, FMSA, GLDD, GLOG, GOGO, GTN, HAR, HGG, HII, HL, HMHC, HRC, HSC, HSIC, HSNI, ICPT, IMGN, IOC, IPCC, IRM, IT, ITCI, ITT, K, KOP, LBY, LFUS, LGND, LIOX, LPX, LQDT, LXRX, MFC, MGM, MGP, MITL, MMS, MNTA, MPEL, MPG, MPW, NAO, NERV, NGS, NOK, NSAM, NXTM, OGE, OMAM, OMF, ORBC, PBH, PCRX, PGNX, PGTI, PH, PLUG, PPP, PRFT, PRIM, PRTY, PWR, QSR, RDUS, REGN, RFP, RGEN, RLGY, ROLL, RVLT, RWLK, SBH, SEAS, SFM, SGM, SHLX, SNR, SPAR, SPH, SRE, SSTK, SSYS, STFC, STOR, STWD, TDY, TEVA, THS, TICC, TIME, TK, TNK, TOO, TSEM, TVPT, TWI, UAM, UNT, USAC, USCR, VIAB, VLP, VWR, WIN, WPC, WRK, XLRN
Thu, Jun. 9, 12:16 PM
- Gogo (GOGO -4.3%) announced offering of $500M senior secured notes due 2022, to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC and its indirect wholly owned subsidiary, Gogo Finance Co.
- Net proceeds from the sale of the Notes will be used for repaying term loans, working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of Gogo's next-generation technology solutions.
- Press release
Fri, Jun. 3, 3:00 PM
Fri, Jun. 3, 12:47 PM
Fri, Jun. 3, 11:27 AM
- ViaSat (NASDAQ:VSAT) is up 3.4% -- and rival in-flight Wi-Fi provider Gogo (NASDAQ:GOGO) down 14.2% -- after a report that ViaSat has won a contract from American Airlines to deploy on a new Boeing 737 MAX fleet.
- The planes will use ViaSat's Ka-band satellite technology. That means leveraging the company's first two generations of satellites (ViaSat-1 and ViaSat-2) along with 2019 launches of its ViaSat-3 platform.
- "Our satellite bandwidth enables an 'at home' Internet experience that can serve everyone on the plane – and empowers innovative business models for airlines and their passengers," said ViaSat chief Mark Dankberg.
Fri, Jun. 3, 9:16 AM| Fri, Jun. 3, 9:16 AM | 26 Comments