ROCHELLE PARK, N.J., May 12, 2020 -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its.

ROCHELLE PARK, N.J., April 20, 2020 -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that.

Shares of ORBCOMM (NASDAQ:ORBC) fell 1% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 28.57% year over year to ($0.09), which missed the estimate of ($0.08).Revenue of $66,179,000 rose by 0.22% year over year, which beat the estimate of $66,020,000.How To Listen To The Conference Call Date: Apr 30, 2020Time: 12:04 PM ETView more earnings on ORBCWebcast URL: https://78449.choruscall.com/dataconf/productusers/orbc/mediaframe/37528/indexr.htmlRecent Stock Performance 52-week high: $8.44Company's 52-week low was at $1.24Price action over last quarter: down 15.70%Company Profile ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.See more from Benzinga * Dana: Q1 Earnings Insights * Recap: Meritor Q2 Earnings * Recap: Imax Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

ROCHELLE PARK, N.J., May 19, 2020 -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that its.

Orbcomm (ORBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Orbcomm (ORBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Orbcomm (ORBC) delivered earnings and revenue surprises of 40.00% and -0.26%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Additionally, ORBCOMM will have a webcast available in the Investors section of its website at www.orbcomm.com. Today, I'm joined by Marc Eisenberg, ORBCOMM's chief executive officer; and Dean Milcos, ORBCOMM's chief financial officer.

Q4 2019 ORBCOMM Inc Earnings Call

ORBCOMM Inc. (ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced a venue change of its 2020 Annual Meeting of Shareholders. Due to the emerging public health impact of the coronavirus outbreak (COVID-19), and to support the health and well-being of the Company’s shareholders, employees, directors and our community, the Company has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual only meeting. The 2020 Annual Meeting of Shareholders will be still be held at 8:00 a.m. Eastern Time on Wednesday, April 22, 2020, but in virtual meeting format only, via a live audio webcast.

Are you ready to find some deals in the stock markets? The S&P 500 skyrocketed 7% yesterday, marking a strong trading session in what appears to be a true rally. Judging by the market charts, it looks like stocks bottomed out on March 23.Bob Doll, chief equity strategist at Nuveen, noted, "The stock market will bottom before the economy does, The stock market may have bottomed at 2,192 on the S&P."It’s a situation that gives investors an incentive to buy. We’re not in a true bull market – not by a long shot – but the recent bear has pushed prices down and the current rally is opening up the prospects of gains. All that remains is finding the right stocks to buy.And this brings us to penny stocks. After seeing heavy losses in March, investors are short of cash. Penny stocks are the natural fit; priced below $5, they offer an easy point of entry.Sure, there could be a very good reason these tickers are so affordable, but should there be even minor share price appreciation, massive percentage gains could materialize, along with hefty profits for investors.We’ve dipped into the TipRanks database, and found three penny stocks with Strong Buy consensus ratings and better than 50% upside potential over the next 12 months. Let's take a closer look.Zix Corporation (ZIXI)We start in the tech sector, where Zix, a small-cap cybersecurity company specializes in providing safety for emails. Zix’s products allow data encryption and loss prevention for mobile applications. The company boasts over 20,000 customers, and a cloud app that is used by 30% of US banks.ZIXI shares ended 2019 on a mixed note, but a solid product and strong yoy growth were the main story. Company earnings and revenue both missed the forecasts, although did better year-over-year. EPS, at 9 cents, matched the year-ago quarter, while the top line revenue of $50.4 million was significantly higher than 4Q18’s $18.5 million.Zix’s product is popular, and that underlies the review by Northland Securities analyst Nehal Chokshi. He writes, “ZIXI already has ~22% market share. We view this as an ideal market share as it demonstrates the company has an established selling motion, but has significant opportunity to drive share gains within what should be a fast-growing market…”Chokshi reiterates his Buy rating on the stock, and his $8 price target implies an impressive 100% upside potential. (To watch Chokshi’s track record, click here)Craig-Hallum’s Chad Bennett agrees that Zix is a buying proposition. He specifically points out the company’s ability to withstand the current recessionary forces unleashed by the COVID-19 pandemic. Bennett says of the stock, “Ultimately, we believe the company can be resilient in a recessionary environment. Email and security are mission-critical to a business’s operations… ZIXI’s contracts are on one- to three-year terms, so assuming a two-year average contract length, only 1/8 of ZIXI’s customers are up for renewal each quarter. We believe that the ZIXI-side of the business will be resilient in the current environment…”Bennett gives ZIXI shares a $9 price target, indicating a 125% upside, fully supporting his Buy rating. (To watch Bennett’s track record, click here)All in all, Zix supports its Strong Buy analyst consensus rating with a unanimous 4 Buy reviews. Shares are priced low, at just $4.01, and the $10.25 average price target suggests room for a hefty 155% upside potential in the coming 12 months. (See Zix stock analysis on TipRanks)Plug Power, Inc. (PLUG)With our next stock, we move into the arena of reusable energy. Plug Power is a designer and manufacturer of hydrogen fuel cells, a technology with the potential to replace conventional batteries – giving it a certain allure in the alt-fuel automotive sector. The biggest advantage of hydrogen fuel cells over batteries is the ability to run at a constant power output, avoiding the power drop that batteries experience when their charge runs low.Plug Power boasts an agreement with the USPS, and provides power cells for a fleet of electric mail delivery vehicles in Maryland. Earlier this year, Plug introduced a 125-kilowatt engine for trucks and off-road heavy-duty equipment.Plug Power is on track to achieve its goal of $1 billion in revenue by 2024, and has provided guidance toward $300 million in billings for the current year. Plug boasts a heavy order load, and needs to meet a 90% order backlog, based on new orders from established customers.In line with the company’s busy year ahead, H.C. Wainwright, analyst Amit Dayal put a Buy rating on the stock and raised his price target to $6.00 (from $4.00). His new target implies an upside of 63%. (To watch Dayal’s track record, click here)Dayal commented: “We are updating our outlook for the company and have revised our estimates upwards. With respect to 2024 outlook, we remain relatively conservative in projecting net revenues of $759.0M vs. management’s goal of $1.0B in gross billings. In line with this, we have revised our operating expense estimates for 2020 to $84.2M, compared to $76.7M previously. With this level of topline execution, and higher insourcing of MEAs contributing to margin improvements, we believe the company should start demonstrating consistent EBITDA improvements over the next few years."Also bullish is 5-star Oppenheimer analyst Colin Rusch. Rusch sees Plug as an advancing technology, with a handle on the technical issues it needs to resolve, and says of the company, “We believe PLUG continues to progress on its technology roadmap, which targets 25% cost reduction, 50% increase in MEA durability, and 25% improved power density by 2023/2024. We believe these efforts will help expand its addressable market opportunity…” Rusch’s Buy rating, like Dayal’s, is backed by a $6 price target. (To watch Rusch’s track record, click here)Overall, the hydrogen fuel-cell maker is without question a Wall Street favorite, considering TipRanks analytics indicate Plug Power as a Strong Buy. Out of 7 analysts tracked in the last 3 months, 6 are bullish on Plug stock while only 1 remains sidelined. With a return potential of 51%, the stock's consensus target price stands at $5.57 (See Plug Power stock analysis on TipRanks)Orbcomm, Inc. (ORBC)Our final stock today, Orbcomm, is a wireless messaging company with a network of 31 satellites along with ground-based infrastructure. Customers can communicate, control, monitor, and track linked fixed and mobile assets worldwide. The company’s network is deeply connected to the Internet of Things and machine-to-machine niches, and Orbcomm boasts over 2 million billable subscribers. The service is available in 130 countries.ORBC reported a loss of 3 cents per share in Q4, which actually beat the estimated 5-cent loss by 40%. Revenues, at $69.7 million, came in just under the forecast, but grew 5% year-over-year. Orbcomm had the bad timing to release this quarterly report just a week after the bottom fell out of the market in February; the stock has lost 50% so far this year, badly underperforming the overall markets.That said, Orbcomm still presents investors with growing revenues – and now, a very low point of entry to the stock. In addition, many of ORBC’s customers are in the grocery sector, where accurate tracking of delivery vehicles is essential, giving the company a valuable niche in an essential sector – a clear advantage when much of the economy is shut down in an attempt to mitigate the spread of the coronavirus epidemic.Michael Latimore, 4-star analyst with Northland Securities, notes another important factor in Orbcomm’s position -- the company’s solid foundation of parts and supplies. Latimore writes, “ORBC has enough inventory to last four months. Most of its manufacturing is done in Mexico and Germany. These plants could shut down for 1-3 months, but so far so good. China seems to be getting back to work, which helps with standard components like wired cables.”Latimore sets a $6 price target on this stock, implying a fantastic upside of 185%, and gives ORBC a Buy rating. (To watch Latimore’s track record, click here)Overall, a unanimous 3 Buy ratings give Orbcomm a Strong Buy from the analyst consensus. The stock has an average price target of $7.17, which suggests a massive 241% potential upside from the current share price of just $2.10. (See Orbcomm stock analysis on TipRanks)

– Q4 2019 Total Revenues of $69.7 Million, Up 5% Over Prior Year – – Q4 2019 Recurring Service Revenues of $40.1 Million, Up 7.3% Versus Last Year – –  2019.

- Total Revenues of $66.2 Million, In Line with Guidance -- Service and Product Gross Margins Increase Over Last Year -- Cash Flow from Operations of $8.2 Million - ROCHELLE.

Orbcomm (ORBC) delivered earnings and revenue surprises of -12.50% and 0.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Over the last month the ORBCOMM Inc. (NASDAQ:ORBC) has been much stronger than before, rebounding by 77%. But that is...

Q1 2020 ORBCOMM Inc Earnings Call

Frontier (FTR) is presently focusing on various cost-control initiatives by introducing productivity and customer-oriented enhancements, thus improving efficiency in its daily operations.

ROCHELLE PARK, N.J., Feb. 18, 2020 -- ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that.

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

Orbcomm Inc. (NASDAQ: ORBC) reported a net loss of $7 million in its first quarter, which company officials attributed to "a difficult environment."On a per-share basis, the telematics and asset monitoring/tracking provider reported a first quarter 2020 net loss of $0.09 per share, compared to a $0.07 net loss per share a year ago."Looking across our entire base of customers, they fall into two camps. Those who are extremely busy and those who have increased downtime," said Marc Eisenberg, president and chief executive officer of Orbcomm, during the company's earnings call on Thursday. "Many of our customers have increasing demand for their services, such as our refrigerated transportation customers, who are shipping food, pharmaceuticals and medical supplies to ensure supermarkets, drugstores and hospitals are stocked."Eisenberg said on the other end of the spectrum are businesses in the oil and gas industry, which "is an extremely tough environment and about 3% of our business."Rochelle Park, New Jersey-based Orbcomm posted total revenue of $66.2 million during the first quarter of 2020, compared to $66 million during the same period a year ago, topping several Wall Street estimates.Service revenues were $40.5 million in the first quarter, up $1.5 million or 3.9%, compared to the same period last year. Product sales decreased 4.8% year-over-year, from $27 million in the first quarter in 2019, to $25.7 million in the first quarter of 2020.Earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter of 2020 was $11.8 million compared to $12.7 million in the prior year period, a decrease of 7%.View more earnings on ORBCOrbcomm's key performance indicators.Orbcomm operates in transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. Orbcomm also owns telecommunications infrastructure, including low-Earth orbit satellites and accompanying ground infrastructure.Orbcomm employs around 800 people around the world.Eisenberg said Orbcomm has not "reduced our U.S. employee count" due to the coronavirus pandemic. Orbcomm is considered an essential business by the U.S. government, and has not had to shut down any of its facilities during the stay-at-home work order. Orbcomm is also considered an essential business in Mexico, where most of its products are produced. "We are open in Mexico, continuing to produce goods," Eisenberg said. 2020 GuidanceDue to the uncertainty surrounding the level of business disruption across the multiple markets Orbcomm serves as a result of the spread of COVID-19, company officials said they are withdrawing their previously announced full-year 2020 outlook.  "We do have some visibility into the second quarter based on orders received and those currently being worked on," said Dean Milcos, Orbcomm's chief financial officer. "There's uncertainty surrounding product sales in the second quarter, as some original equipment manufacturers have temporarily suspended production lines. And due to reduced onsite support, some fleets have delayed deployments."For the second quarter of 2020, Orbcomm officials anticipate recurring service revenue to be down as much as 3% over the prior year period as a result of the completion of an AT&T contract, as well as anticipating a small impact from fluctuations in foreign exchange rates.  "We believe total revenues in the second quarter to be $55 million on the low end and $60 million on the high end, depending on how market conditions evolve. We anticipate adjusted EBITDA margin in the second quarter to be approximately 19%," Milcos said.See more from Benzinga * U.S. Xpress' Mix Means Steady Freight Volumes, Even As It Posts A Loss * Picking The Markets With Tightening Capacity – FreightWaves NOW * Schneider Bests Analyst Forecasts, Current Volumes Move Lower(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.