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Gogo Inc. (GOGO) provides in-flight Internet connectivity and wireless in-cabin digital entertainment solutions in the United States and internationally.
The company, through its proprietary air-to-ground (ATG) network and satellite-based technologies, offers a suite of connectivity solutions and other services, including passenger connectivity, passenger entertainment, and operations-oriented communications services, as well as advertising, e-commerce, content, and other offerings, such as destination-based event ticketing, flight tracker, and weather and travel sites. The company operates in three segments: Commercial Aviation North America; Commercial Aviation Rest of World; and Business Aviation. The Commercial Aviation North America segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The Commercial Aviation Rest of World segment intends to provide in-flight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and international flights of North American based commercial airlines. The Business Aviation segment provides equipment for in-flight connectivity along with voice and data services to the business aviation market. This segments services include Gogo Biz, an in-flight broadband service that utilizes both its ATG network and its ATG spectrum, and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves original equipment manufacturers of business aircraft; aftermarket dealers; and fractional jet operators, as well as government and military entities through a distribution network of independent certified dealers.
Shares have formed a long term "head and shoulder" while in the near term they have formed a bearish "flag." If the head and shoulder is to complete the formation, its neck line target will be below the $10 level. Now why shares are weak? AT&T has announced that it will enter this market. Rumor has it that a major player in the avionic industry will soon announce a new product that will render need for Gogo's business as non-existance. The new avionic product will incorporate its own wifi system as part of the airplane's communication system.
52-Week Trading Range: $1.42 - $35.77
Last Trade: $12.76
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