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ORBCOMM, Inc. (ORBC)

Sep 1, 2021 - ORBC was delisted (reason: acquired by GI Partners)
11.49 0.01 (0.09%)
Aug 31, 2021 4:00 PM EDT - Market closed
Market Cap915.25M
Revenue (ttm)255.18M
Net Income (ttm)-38.53M
Shares Out79.55M
EPS (ttm)-0.49
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume-
Open-
Previous Close11.48
Day's Range11.48 - 11.53
52-Week Range3.32 - 11.55
Beta1.57
AnalystsStrong Buy
Price Target11.50 (+0.1%)
Est. Earnings DateOct 27, 2021

About ORBC

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 ...

IndustryDiversified Telecommunication Services
IPO DateNov 3, 2006
CEOMarc Eisenberg
Employees739
Stock ExchangeNASDAQ
Ticker SymbolORBC
Full Company Profile

Financial Performance

In 2020, ORBCOMM, Inc.'s revenue was $248.47 million, a decrease of -8.66% compared to the previous year's $272.01 million. Losses were -$33.94 million, 84.2% more than in 2019.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for ORBCOMM, Inc. stock is "Strong Buy." The 12-month stock price forecast is 11.50, which is an increase of 0.09% from the latest price.

Price Target
$11.50
(0.09% upside)
Analyst Consensus: Strong Buy

News

ORBCOMM Announces Completion of Acquisition by GI Partners

Transaction well-positions Company to continue driving innovation and long-term strategic growth in the industrial IoT Transaction well-positions Company to continue driving innovation and long-term str...

3 weeks ago - GlobeNewsWire

ORBCOMM Achieves Cradlepoint 5G For Enterprise Branch Specialization

ORBCOMM to support Cradlepoint as a leading partner in bringing powerful 5G technology to global customers in the industrial IoT industry ORBCOMM to support Cradlepoint as a leading partner in bringing ...

1 month ago - GlobeNewsWire

WEL Centralizes Multi-Asset Fleet Management by Utilizing ORBCOMM's All-in-One IoT Platform

Gains visibility and control of dry and refrigerated trailers through a single view of all assets and a single sign-on to streamline supply chain operations Gains visibility and control of dry and refri...

1 month ago - GlobeNewsWire

ORBCOMM Announces FCC Approval of Acquisition by GI Partners

Transaction On Track to Close in early September 2021 Transaction On Track to Close in early September 2021

1 month ago - GlobeNewsWire

Farmbot Selects ORBCOMM's Satellite IoT Technology to Enable Smart Agriculture Solutions

Enhances visibility and management of water resources and helps farmers improve efficiency, productivity and sustainability across their operations Enhances visibility and management of water resources ...

1 month ago - GlobeNewsWire

Orbcomm (ORBC) Reports Q2 Loss, Tops Revenue Estimates

Orbcomm (ORBC) delivered earnings and revenue surprises of -20.00% and 0.17%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Orbcomm (ORBC) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

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.

2 months ago - Zacks Investment Research

Prime Upgrades Fleet With ORBCOMM's Next Generation Refrigerated Monitoring Solution

Ensures the reliability and efficiency of their communications along the cold chain and protection from network obsolescence Ensures the reliability and efficiency of their communications along the cold...

2 months ago - GlobeNewsWire

3 Satellite Stocks That are Braving Industry Challenges

3 Satellite Stocks That are Braving Industry Challenges

Other symbols:GSATIRDM
2 months ago - Zacks Investment Research

ORBCOMM Partners With Calian to Develop Earth Station Equipment for Next-Gen OGx Service

Achieves milestone supporting the delivery of ORBCOMM's higher data rate and power-efficient OGx offerings to the global IoT industry Achieves milestone supporting the delivery of ORBCOMM's higher data ...

2 months ago - GlobeNewsWire

ORBCOMM Announces Expiration of Hart-Scott-Rodino Waiting Period

Acquisition by GI Partners On Track to Close in the Second Half of 2021 Acquisition by GI Partners On Track to Close in the Second Half of 2021

3 months ago - GlobeNewsWire

INVESTIGATION ALERT: Halper Sadeh LLP Investigates JCS, MDCA, SNX, ORBC, CADE; Shareholders are Encouraged to Contact...

NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Communications Systems, Inc. (NASDAQ: JCS)  concerning...

Other symbols:CADEJCSSNX
3 months ago - PRNewsWire

Unseenlabs Partners With ORBCOMM to Provide Maritime Surveillance Service for Government and Commercial AIS Customers

Enhances ORBCOMM's AIS service with value-added RF data on “dark” vessels at sea to improve maritime safety and security worldwide Enhances ORBCOMM's AIS service with value-added RF data on “dark” vesse...

4 months ago - GlobeNewsWire

Light Speed Logistics Upgrades Mixed Fleet With ORBCOMM's Next-Gen Asset Management Solutions

Extends successful, long-term relationship with ORBCOMM for real-time connectivity, visibility and traceability of reefers and dry vans and protection from network obsolescence Extends successful, long-...

4 months ago - GlobeNewsWire

Marten upgrades to ORBCOMM's dual-mode tracking service

ORBCOMM, a provider of electronic logging devices and IoT technologies, announced Tuesday it has inked a deal with refrigerated truckload carrier Marten Transport (NASDAQ: MRTN). The Rochelle Park, New ...

Other symbols:MRTN
4 months ago - FreightWaves

Marten Transport Upgrades Fleet With ORBCOMM's Next Generation, Dual-Mode Asset Tracking Solutions

Leverages ORBCOMM's unique, dual-mode technology to ensure the reliability and efficiency of their communications and protection from network obsolescence Leverages ORBCOMM's unique, dual-mode technolog...

4 months ago - GlobeNewsWire

Grassmid Transport Selects ORBCOMM's Integrated In-Cab and Asset Tracking Solutions for Its Multi-Asset Fleet

ORBCOMM's telematics triple play transforms business operations to deliver fleet-wide improvements in safety, efficiency and compliance ORBCOMM's telematics triple play transforms business operations to...

4 months ago - GlobeNewsWire

Orbcomm (ORBC) Reports Q1 Loss, Tops Revenue Estimates

Orbcomm (ORBC) delivered earnings and revenue surprises of 33.33% and 2.50%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

ORBCOMM Wins 2021 Ragan Communications Employee Engagement Award

Recognizes new employee intranet site with Honorable Mention for creating exceptional internal communications initiatives that keep employees engaged and informed Recognizes new employee intranet site w...

4 months ago - GlobeNewsWire

ORBCOMM Announces First Quarter 2021 Results

– Total Revenues of $63.7 Million, In Line with Guidance ––  87,000 Devices Shipped Drives Product Sales Growth ––  Company Adds 50,000 Net Subscribers in Q1 Bringing Total Subscribers to 2.28 Million –

4 months ago - GlobeNewsWire

Orbcomm (ORBC) May Report Negative Earnings: Know the Trend Ahead of Q1 Release

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.

5 months ago - Zacks Investment Research

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ORBCOMM, Inc. - ORBC

NEW YORK, April 17, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class A...

5 months ago - PRNewsWire

ORBCOMM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of P...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ORBCOMM Inc. (Nasd...

5 months ago - Business Wire

Ron Finemore Transport Realizes Measurable Savings and Improvements With ORBCOMM's Integrated Asset Management Solutions

Improves driver safety, vehicle utilization and maintenance planning across fleet of prime movers and trailers transporting goods across the east coast of Australia Improves driver safety, vehicle utili...

5 months ago - GlobeNewsWire

SHAREHOLDER ALERT: WeissLaw LLP Investigates ORBCOMM Inc.

NEW YORK, April 9, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ORBCOMM Inc. ("ORBCOMM") (NASDAQ: ORBC)...

5 months ago - PRNewsWire