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Stock Market & Financial Investment News

News Breaks
August 21, 2014
14:11 EDTGOGO, VZGogo advances after blog discusses takeover speculation
Shares of Gogo (GOGO), which provides in-flight connectivity solutions, are climbing after a blog reported that there have been rumors that Verizon (VZ) could be interested in buying the company. WHAT'S NEW: Wall Street is "buzzing" with speculation that Verizon could be interested in acquiring, partnering with, or launching a joint venture with Gogo, a blog on Runway Girl Network stated earlier today. Verizon once provided telephones on domestic flights and has always been interested in the space, the blog added. Runway Girl Network, in addition to highlighting the achievements of women in aviation, says it combines "talented aviation journalists" and "first-hand knowledge of the passenger experience" to report news. ANALYST REACTION: In a note to investors today, Wells Fargo analyst Andrew Spinola wrote that Verizon, in addition to potentially being attracted to Gogo's aviation broadband, could be interested in the company's 4 MHz of 800MHZ spectrum. 800MHz spectrum is one of the most valuable spectrum bands, according to the analyst, who said that Gogo may now be trading at a level that is about equal to the value of its underlying spectrum. But there are a number of reasons why Verizon may not buy Gogo, Spinola believes. Among these are the fact that Verizon has said that it's not interested in providing aviation wifi services. Further, with Gogo transitioning to satellite, its spectrum should eventually become available for sale, reducing the need to acquire the entire company, the analyst explained. He kept a Market Perform rating on Gogo. PRICE ACTION: In mid-afternoon trading, Gogo climbed 91c, or 5.5%, to $18.
News For GOGO;VZ From The Last 14 Days
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September 29, 2014
07:25 EDTVZOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 24, 2014
08:03 EDTVZMicronet Enertec artners with Verizon for mobile data terminal distribution
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September 23, 2014
18:03 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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17:53 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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12:04 EDTGOGOGogo calls active
Gogo October 19 and 20 calls are active on 1100 contracts (40 puts) on takeover speculation. October call option implied volatility is at 53, November is at 63 February is at 55; compared to its 26-week average of 63 according to Track Data. Active call volume suggests traders taking positions for large price movement.
11:19 EDTGOGORumor: Gogo strength attributed to takeover speculation
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September 22, 2014
07:14 EDTVZGSM Association to hold a conference
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September 18, 2014
07:46 EDTGOGOGogo international business gaining momentum, says UBS
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September 17, 2014
11:42 EDTVZVerizon says company-wide growth at moment is 'fine'
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11:39 EDTVZVerizon says tower sales options more favorable in current market
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08:32 EDTGOGOGogo partners with Virgin Atlantic for in-flight connectivity services
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September 16, 2014
08:33 EDTGOGOGogo receives bid award letter from Vietnam Airlines
Gogo announced that it has received a bid award letter from Vietnam Airlines to provide in-flight connectivity services on Vietnam Airlines' fleet of Boeing 787 aircraft and a majority of Vietnam's Airbus A350 aircraft. The aircraft will be outfitted with a mix of Inmarsat's new GX Aviation Ka-band service and their proven SwiftBroadband connectivity. The parties are currently negotiating a definitive agreement, with the GX service currently expected to launch in the second half of 2015.
08:18 EDTVZFCC to hold a roundtable
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