Gogo Business Aviation GoGo Co., Ltd. GOGO recently announced a formal partnership with Skyservice Business Aviation to obtain a Supplemental Type Certificate (STC) from the Transport Canada Civil Aviation Authority (TCCA) and the Federal Aviation Administration (FAA) to deploy cutting-edge Gogo 5G technology on six aircraft models.
The joint effort is aimed at enhancing air-to-ground (ATG) in-flight entertainment and connectivity (IFEC) services across North America, thereby demonstrating both companies’ commitment to technological advancements.
GOGO-Skyservice Collaboration Payout
The STC will enable operators to equip their aircraft with the AVANCE L5 system and two MB13 phased array antennas and will also facilitate an upgrade to the AVANCE LX5, scheduled for Q2 2025. Under the terms of the partnership, North American business aviation company Skyservice has received TCCA STCs for its Gulfstream G280 and Embraer Legacy 450/500 aircraft, with FAA certification pending. STCs for additional aircraft models, including the Cessna Citation CJ3/3+, Bombardier Challenger 300/350, Bombardier Challenger 604/605 and Cessna Citation X, are in various stages of development.
In today’s digital age, the demand for in-flight connectivity is growing rapidly as passengers expect reliable connections for activities like streaming and web browsing. Supported in over 159 locations, including nine in Canada, Gogo’s advanced 5G network promises to deliver superior IFEC services. The company is currently accepting orders for 5G upgrades and is offering significant incentives to operators looking to upgrade to the AVANCE system.
Will GOGO stock benefit from the collaboration?
Gogo’s partnership with Skyservice marks a major leap in in-flight connectivity. By securing Gogo 5G STCs across a range of aircraft models, the partnership will provide North American operators with cutting-edge, high-speed connectivity. Additionally, Gogo’s 5G network expansion and upcoming transition to LTE technology also highlights the company’s commitment to providing cutting-edge communications solutions, which is likely to increase the company’s revenue and strengthen its market position in the region.
GOGO stock price trend
GoGo’s shares have fallen 29.1% over the past year compared to the industry’s growth of 35.1%. GoGo’s earnings estimates have fallen in the past 60 days from 39 cents per share to 33 cents per share in 2024 and from 62 cents per share to 51 cents per share in 2025.
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GOGO’s Zacks Rank and Top Stocks
Gogo currently carries a Zacks Rank #3 (Hold).
Some of the top-ranked stocks across industries are discussed below.
Arista Networks, Inc. ANET currently carries a Zacks Rank #2 (Buy) and serves top-tier clients, including Fortune 500 global companies in the cloud giants, enterprise, financial and specialty cloud service provider markets. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past four quarters, the average earnings surprise has been 15.02%. In the most recent quarter, Arista delivered an earnings surprise of 8.25%.
Harmonic Corporation HLIT enables media companies and service providers to deliver ultra-high quality broadcast and OTT video services to consumers around the world. It has delivered an average earnings surprise of 32.5% over the past four quarters and currently has a Zacks Rank of #1.
CommScope Holdings Inc. COMM is a leading provider of infrastructure solutions, including wireless and fiber optic solutions for the core, access and edge layers of communications networks. The company’s long-term growth rate is expected to be 24.93%.
CommScope currently holds a Zacks Rank #2.
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Harmonic Inc. (HLIT): Free Stock Analysis Report
Gogo Inc. (GOGO) : Free Stock Analysis Report
CommScope Holding Company, Inc. (COMM) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
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