Stock Market News

Gogo Soars on Inclusion in S&P SmallCap 600 Index

2022.04.06 20:21

Gogo Soars on Inclusion in S&P SmallCap 600 Index

By Dhirendra Tripathi

Investing.com – Gogo stock (NASDAQ:GOGO) surged 14% Wednesday, a day after the company was added to the S&P SmallCap 600 Index.

The stock has risen as high as $22.27 so far Wednesday. It’s up 88% in the last year.

Gogo, the world’s largest provider of broadband connectivity services for the business aviation market, replaced SPX FLOW in the index.

Being part of the S&P SmallCap 600 Index means passive investors who manage trillions of dollars will have to include it in their portfolios, as it will now be part of more funds and derivatives benchmarked against the index.

According to the annual guidance given by the company last month, total 2022 revenue is seen between $380 million and $395 million, compared to about $336 million for the year ended Dec. 31.

Adjusted earnings before taxes, interest, depreciation and amortization is seen at $155 million at midpoint of the guidance range, reflecting a planned increase in 5G investments.

The company is also looking to grow its annual revenue at a compound annual rate of about 15% from 2021 through 2026.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,784.45 0.96%
ethereum
Ethereum (ETH) $ 1,925.32 1.39%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.33 0.22%
bnb
BNB (BNB) $ 635.98 4.52%
solana
Solana (SOL) $ 127.16 0.10%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.714581 0.31%
dogecoin
Dogecoin (DOGE) $ 0.172222 1.25%
tron
TRON (TRX) $ 0.220782 3.44%
staked-ether
Lido Staked Ether (STETH) $ 1,924.79 1.48%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,640.41 0.69%
pi-network
Pi Network (PI) $ 1.32 7.92%
leo-token
LEO Token (LEO) $ 9.78 0.29%
chainlink
Chainlink (LINK) $ 14.00 3.39%
the-open-network
Toncoin (TON) $ 3.47 0.65%
usds
USDS (USDS) $ 1.00 0.01%
stellar
Stellar (XLM) $ 0.270852 2.12%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,305.22 1.66%
hedera-hashgraph
Hedera (HBAR) $ 0.18998 1.05%
avalanche-2
Avalanche (AVAX) $ 18.82 1.72%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.03%
sui
Sui (SUI) $ 2.37 4.54%
litecoin
Litecoin (LTC) $ 91.58 0.10%
mantra-dao
MANTRA (OM) $ 7.03 3.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 335.23 0.55%
polkadot
Polkadot (DOT) $ 4.35 0.61%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
weth
WETH (WETH) $ 1,926.64 1.43%
bitget-token
Bitget Token (BGB) $ 4.44 0.98%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.04%
hyperliquid
Hyperliquid (HYPE) $ 13.15 0.04%
whitebit
WhiteBIT Coin (WBT) $ 28.43 0.07%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,046.25 1.57%
monero
Monero (XMR) $ 211.40 0.59%
uniswap
Uniswap (UNI) $ 6.26 0.98%
susds
sUSDS (SUSDS) $ 1.04 0.07%
aptos
Aptos (APT) $ 5.31 2.29%
dai
Dai (DAI) $ 1.00 0.03%
near
NEAR Protocol (NEAR) $ 2.63 3.01%
pepe
Pepe (PEPE) $ 0.000007 10.62%
okb
OKB (OKB) $ 52.65 9.35%
internet-computer
Internet Computer (ICP) $ 5.87 4.34%
mantle
Mantle (MNT) $ 0.810717 1.22%
gatechain-token
Gate (GT) $ 22.09 3.47%
ondo-finance
Ondo (ONDO) $ 0.853347 3.55%
ethereum-classic
Ethereum Classic (ETC) $ 17.74 0.42%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.59 12.02%
aave
Aave (AAVE) $ 174.39 4.42%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,794.45 1.02%