Tangoe (TNGO) provides communications lifecycle management software and services primarily to commercial enterprises and governmental agencies.
The company offers an on-demand Communications Management Platform (CMP), a suite of software designed to manage and optimize the complex processes and expenses associated with the lifecycle of an enterprises fixed and mobile communications assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management, telecommunications expense management, invoice processing, expense allocation and accounting, and asset decommissioning and disposal. It also provides help desk, asset procurement and provisioning, and carrier dispute resolution services to manage customers communications assets and services.
In addition, the company offers strategic consulting and other services, including sourcing, strategic advise, bill auditing, inventory optimization, mobile optimization, policy administration, and mobile lifecycle; and implementation services comprising data conversion, system configuration, process review, and corporate system integration services that assist customers in the setup and deployment of CMP. Tangoe, Inc. markets and sells its solution directly and through indirect distribution channel partners worldwide.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $11.53 - $26.05
Entry Point: $24.00
Stop Loss: $22.80
Target Price: $26.40
TNGO fell below our stop loss.