Tangoe is a play on mobile for the enterprise. Tangoe provides a solution for companies to manage the usage, devices and carrier relationships for their organization. Gartner and other industry analyst firms recognize Tangoe as a leader in this niche market. The company should do about $90m in revenue in 2011 and generate $11m in EBITDA and a few million in operating income. Our Intrinsic Valuation analysis suggests a share price of $11 to $14 which compares to the current price range of $9 to $11.
Positives, Neutrals and Negatives