Dawson James Comments on Pareteum Corp’s Q4 2018 Earnings (TEUM)

Pareteum Corp (NYSEAMERICAN:TEUM) – Analysts at Dawson James issued their Q4 2018 earnings per share estimates for shares of Pareteum in a note issued to investors on Tuesday, June 12th. Dawson James analyst R. Wasserman forecasts that the technology company will post earnings of $0.02 per share for the quarter.

Pareteum (NYSEAMERICAN:TEUM) last posted its quarterly earnings results on Monday, May 7th. The technology company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $4.11 million for the quarter.

Separately, Taglich Brothers started coverage on Pareteum in a report on Tuesday, May 29th. They issued a “buy” rating and a $3.50 price objective for the company.

Pareteum opened at $2.54 on Thursday, Marketbeat Ratings reports. Pareteum has a fifty-two week low of $0.50 and a fifty-two week high of $3.59.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEUM. Geode Capital Management LLC raised its holdings in shares of Pareteum by 250.7% during the fourth quarter. Geode Capital Management LLC now owns 120,821 shares of the technology company’s stock valued at $250,000 after acquiring an additional 86,374 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Pareteum by 399.7% during the first quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock valued at $180,000 after acquiring an additional 59,146 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Pareteum during the first quarter valued at approximately $123,000. Finally, Barclays PLC raised its holdings in shares of Pareteum by 15,397.0% during the first quarter. Barclays PLC now owns 170,002 shares of the technology company’s stock valued at $415,000 after acquiring an additional 168,905 shares during the last quarter.

About Pareteum

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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