We have been writing rave articles about the prospect of Pareteum (TEUM), a company which offers several CPaaS (communication as a service) platforms, and the shares have been going gangbusters.
There were (and still are) plenty of reasons to be optimistic:
- The whole sector is experiencing hyper growth and is still in the early innings.
- Pareteum itself has turned around successfully under new management and is experiencing hyper growth itself with 2018 organic revenue growth at 101%.
- It is gaining amazing new customer traction with 3-year backlog exploding from $147M at the end