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Gogo Inc. (GOGO)

Gogo Inc. (GOGO). By: Bhuvanesh Murali, Avi Singh, and Karthik Maiya. Company Profile. Gogo Inc. provides in-flight broadband internet service for both commercial and business aircraft. Biggest provider of in-flight internet service Headquarters: Itasca, Illinois Founded in 1991 by Jimmy Ray

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Gogo Inc. (GOGO)

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  1. Gogo Inc. (GOGO) By: Bhuvanesh Murali, Avi Singh, and Karthik Maiya

  2. Company Profile • Gogo Inc. provides in-flight broadband internet service for both commercial and business aircraft. • Biggest provider of in-flight internet service • Headquarters: Itasca, Illinois • Founded in 1991 by Jimmy Ray • 561 Employees • IPO: 6/21/2013

  3. Recent News • Gogo upgrades WiFi technology to unlock speeds of up to 60 Mbps in 2014 • Average Internet connection speed in the US: 8.6Mbps • Gogo launches in-flight internet for international flights • Gogo receives contracts from Delta Air Lines, US Airways, Virgin America and United Airlines. • Gogo launches in-flight text and call program. • FCC is willing to propose in-flight use of cellphones.

  4. Numbers • 52 Week Range: 9.71 - 35.77 • Beta: - • EPS: -7.27 • P/E: - • Market Cap: 2.51 B

  5. Earnings Report * All numbers above are in the millions Website: http://www.fool.com/quote/NASDAQ/gogo-inc/GOGO/financial-statements?source=itxwebtxt0000013

  6. Graph (3 Month)

  7. Graph (1 Year)

  8. Competition • Competitor Industry: Telecommunications Equipment • On Air • Panasonic Avionics Corporation • Thales Aerospace • These are not direct competitors, as Gogo is one of the only companies to offer in-flight internet • These are all privately owned companies that have some in-flight internet technology

  9. Summary of Reason to Buy • GOGO has a lot of room to grow • Speeding up connectivity speeds • Going international • More and more airlines are creating contracts with GOGO as their service provider • FCC is thinking about in-flight use of cellphones.

  10. Buying/Selling Stock • Buy: • When: Late January/Early February • 3 - 5 Shares • Sell: • When: Late April/Early May • Price: $32.00

  11. References • https://www.google.com/finance?q=gogo&ei=-0iqUpDZJq210AHqcQ • http://www.slashgear.com/gogo-inflight-wifi-upgrades-will-bring-potential-speeds-of-60mbps-11297512/ • http://investorplace.com/ipo-playbook/gogo-inflight-internet-gogo-stock-soars/#.UqopY5FcK2k • http://au.ibtimes.com/articles/521750/20131113/gogo-text-talk-app-flight-internet-s.htm#.UqI2Z2RDvt4 • http://www.fool.com/quote/NASDAQ/gogo-inc/GOGO/financial-statements?source=itxwebtxt0000013 • http://www.nasdaq.com/symbol/gogo/competitors • http://finance.yahoo.com/q/co?s=GOGO+Competitors • http://online.wsj.com/news/articles/SB10001424052702303653004579212210178774516?KEYWORDS=gogo • http://abcnews.go.com/Technology/flight-wi-fi-finally-faster-gogo-announces-system/story?id=20225166

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