Macquarie Says Gogo (GOGO), Global Eagle (ENT) Reaction on Verizon (VZ) News Overdone

Go back to Macquarie Says Gogo (GOGO), Global Eagle (ENT) Reaction on Verizon (VZ) News Overdone

SunTrust's Peck Looks at 'Who's Left' to Bid for Twitter (TWTR)

October 6, 2016 12:14 PM EDT

Shares of Twitter (NYSE: TWTR) are getting slammed Thursday (-19.3%) amid reports overnight from Re/Code that the market's ideal suitor, Google (NASDAQ:... More

UPDATE: Gogo (GOGO) Falls After Verizon (VZ) Sets Path Forward for Airborne LTE Operations

October 6, 2016 10:04 AM EDT

(Updated - October 6, 2016 10:06 AM EDT)

Weakness in Gogo (NASDAQ: GOGO) Thursday morning was tied to a press release from Verizon Communications (NYSE: VZ).

Press release:

The internet of things (IoT) is taking flight at Verizon. The company today announced its strategy to drive innovation and wide-spread adoption for in-flight wireless connectivity through its Airborne LTE Operations (ALO) initiative. Two years in the making, Verizon's plan... More