Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Global Eagle Entertainment Inc. Shares Soared Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Global Eagle Entertainment (NASDAQ: ENT  )  jumped 10% Tuesday after the in-flight connectivity specialist announced a new technical services agreement with Boeing (NYSE: BA  ) .

So what: Specifically, Boeing has agreed to evaluate Global Eagle Entertainment's satellite-based connectivity solution for potential line-fit installation in new-delivery Boeing 737 and 787 aircraft. Note: This doesn't mean Boeing has officially approved a wide-scale partnership just yet. Rather, Global Eagle investors should view it as a solid first step toward that goal. For perspective, Boeing's evaluation of Global Eagle's offering is expected to be complete sometime in 2015.

Now what: Global Eagle Entertainment shares have traded relatively flat since early last month, when the stock popped following its solid first-quarter results. That included revenue growth of 55% year-over-year to $86 million, which translated to a slightly narrower net loss of $26.3 million.

In the end, Global Eagle does have a healthy balance sheet to weather its current losses as it strives toward sustained profitability, but it also has plenty of work to do in order to prove worthy of my investing dollars over the long-term. For now, I'm perfectly happy keeping Global Eagle Entertainment on my watch list.

Top dividend stocks for the next decade
In the meantime, the smartest investors know that dividend stocks simply crush their non-dividend paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2997997, ~/Articles/ArticleHandler.aspx, 9/1/2015 8:34:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Steve Symington

Technology and consumer goods specialist for the Fool. Steve looks for responsible businesses which positively shape our lives. Then, he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.

Today's Market

updated Moments ago Sponsored by:
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASD 4,636.11 -140.40 -2.94%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/1/2015 3:59 PM
ENT $10.94 Down -0.83 -7.05%
Global Eagle Enter… CAPS Rating: No stars
BA $127.44 Down -3.24 -2.48%
The Boeing Company CAPS Rating: ****