Todd Maiden
Wednesday, February 26, 2020
Transportation markets, coronavirus present headwinds to ORBCOMM’s 2020 outlook
ORBCOMM lowers full-year 2020 guidance given recent coronavirus developments.
ORBCOMM lowers full-year 2020 guidance given recent coronavirus developments.
Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company’s transition to subscription service, and the accompanying delay in revenue, appears to be weighing on investor sentiment.