This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gogo In-Flight Internet Soars on Earnings Beat: StockTwits

Stocks in this article: GOGO AAL DAL JBLU LUV RJET UAL

NEW YORK (TheStreet) -- In-flight Internet provider Gogo (GOGO) soared Monday morning on the wings of a Wall Street beat. And StockTwits' investors believe shares will continue to fly as the company tops competitors.

$GOGO great qtr and a great cc. Run shorty run ? traderelite (@traderelite) May. 12 at 09:08 AM

Sentiment on the Gogo is 85% bullish, according to StockTwits analytics. The stock climbed 8% Monday before the open, during the company's first quarter earnings conference call. It was the top trending ticker on At 11:30 a.m., the stock was at $12.98, up 8.8% for the day.

$GOGO Time to buy more this is next Netflix in few years. ? Satya (@Samlal) May. 12 at 08:52 AM

Gogo reported a smaller-than-expected earnings-per-share loss of 20 cents before the bell Monday on $95.7 million in revenue. The results surpassed analyst consensus estimates for an EPS loss of 25 cents on $94.58 million in sales. The company maintained guidance of between $400 million and $422 million in total revenue for the year. It expects adjusted EBITDA of between $8 million and $18 million.

But some investors were disappointed that Gogo didn't announce a new airline deal during the conference call.

$GOGO Results r mildly better than estimates - guidance leaves me wanting more - was hoping for announcement of new partnership ? Omar (@TheStacks) May. 12 at 08:59 AM

Gogo management is working fast to ink deals with new airlines and increase its Internet speed and coverage before competitors do. Recently, Gogo inked a deal with Air Canada to supply Internet for its North American fleet. Gogo will also test its new 2Ku band satellite technology on Air Canada flights, which promises to deliver up to 100 megabits per second (mpbs for short). Gogo management says that speed will top everyone else in the industry.

"We expect to see significant capacity increases with the introduction of our GTO and 2Ku airborne antennas, both of which are capable of delivering industry leading speeds of 70mpbs to the aircraft initially, and up to 100 mbps when spot beam Ku satellites are launched," said Gogo CEO Michael Small in a press release.

About 38% of domestic U.S. flights offer in-flight Wi-Fi, according to a July report by RouteHappy, a flight ratings and analytics site. Delta (DAL), Southwest (LUV) and U.S. Airways (AAL) offer Wi-Fi on the most flights -- though Virgin America and AirTran have their entire fleets outfitted for Wi-Fi.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs