ORBCOMM Announces Launch of Public Offering of Common Stock

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Roth Capital Reiterates Buy on ORBCOMM (ORBC) Following Equity Offering

April 9, 2018 8:34 AM EDT

Roth Capital reiterated a Buy rating and $14.00 price target on ORBCOMM (NASDAQ: ORBC) following the company's equity offering. The offering will add approximately $28M (after fees) to the balance sheet. Analyst Scott Searle expects this will likely be earmarked for future M&A as... More