Pareteum (NYSEAMERICAN:TEUM) announced its quarterly earnings results on Wednesday. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05), Morningstar.com reports. The firm had revenue of $8.01 million for the quarter, compared to analysts’ expectations of $8.00 million.

Shares of NYSEAMERICAN:TEUM traded up $0.03 during trading on Thursday, hitting $2.32. The company’s stock had a trading volume of 24,258 shares, compared to its average volume of 2,080,391. Pareteum has a 12 month low of $0.54 and a 12 month high of $3.59.

Separately, Lake Street Capital assumed coverage on shares of Pareteum in a research note on Monday, September 24th. They issued a “buy” rating and a $5.00 price objective on the stock.

Large investors have recently modified their holdings of the company. Bard Associates Inc. lifted its stake in shares of Pareteum by 39.3% in the 2nd quarter. Bard Associates Inc. now owns 1,245,038 shares of the technology company’s stock worth $3,113,000 after purchasing an additional 351,325 shares during the period. Perkins Capital Management Inc. lifted its stake in shares of Pareteum by 42.8% in the 2nd quarter. Perkins Capital Management Inc. now owns 818,729 shares of the technology company’s stock worth $2,047,000 after purchasing an additional 245,500 shares during the period. Northern Trust Corp lifted its stake in shares of Pareteum by 399.7% in the 1st quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock worth $180,000 after purchasing an additional 59,146 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Pareteum by 157.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,090 shares of the technology company’s stock worth $123,000 after purchasing an additional 30,000 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Pareteum by 50,516.7% in the 2nd quarter. BlackRock Inc. now owns 791,139 shares of the technology company’s stock worth $1,978,000 after purchasing an additional 789,576 shares during the period.

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Pareteum Company Profile

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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Earnings History for Pareteum (NYSEAMERICAN:TEUM)

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