Gogo stock hits 52-week high at $13.61

Gogo Inc (NASDAQ:GOGO)’s stock has reached a new 52-week high, peaking at $13.61. The milestone caps an impressive run for the in-flight internet service provider, with the stock surging 58.21% over the past six months and 32.17% over the past year. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory, though analysts maintain positive revenue growth expectations. The rise in stock price underscores investor confidence in Gogo’s business model and market position, particularly in the face of evolving demands for connectivity solutions in the aviation industry. With a market capitalization of $1.66 billion and impressive revenue growth of 41.51%, the company’s momentum appears strong. As Gogo continues to expand its offerings and strengthen its market presence, InvestingPro data reveals 10+ additional exclusive insights about the company’s financial health and growth prospects, available in the comprehensive Pro Research Report.

In other recent news, Gogo Inc. reported strong financial results for the first quarter of 2025, exceeding analyst expectations with an earnings per share of $0.09, compared to the forecasted $0.03. The company’s revenue also surpassed predictions, reaching $230.5 million, which is a 21% increase year-over-year. This performance highlights Gogo’s strategic initiatives, including its successful merger with Satcom Direct, which contributed to the robust financial results. Additionally, Gogo announced a significant milestone in its 5G network development, achieving the first successful end-to-end call using its next-generation technology, a critical step in delivering 5G connectivity to North American business aviation operators by the end of the year.

The company has also received Federal Aviation Administration approval to produce its AVANCE LX5 Line Replaceable Unit and invested in a network of 170 5G towers across the U.S. and parts of Canada. Furthermore, Gogo’s stockholders recently approved key proposals at the 2025 Annual Meeting, including the election of Class III directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm. Analyst Louie DiPalma from William Blair maintains an Outperform rating on Gogo, suggesting positive investor sentiment following these developments. These recent achievements and strategic moves are expected to guide Gogo’s governance and financial management in the coming year.

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