Northland Securities Remains a Buy on Kaleyra (KLR)

By Carrie Williams

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Kaleyra (KLRResearch Report), with a price target of $17.00. The company’s shares closed last Tuesday at $9.24.

According to TipRanks.com, Latimore is a top 100 analyst with an average return of 28.3% and a 64.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.

Kaleyra has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.

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Based on Kaleyra’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $38.27 million and GAAP net loss of $5.33 million. In comparison, last year the company had a GAAP net loss of $560.7K.

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GigCapital, Inc. is an emerging growth company. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. The company was founded by Avishay S. Katz on October 9, 2017 and is headquartered in Palo Alto, CA.