iPass Inc. (NASDAQ: IPAS), a supplier of mobile services like virtual private networking to enterprise customers, is seeing its stock jump following a note from dealReporter that the company “could be up for sale.” iPass had a market cap of about $160 million, $25 million in cash, and no debt at the end of December.
Secure mobile network access should continue to be in demand at large enterprises as more smartphones and tablets are incorporated into a business’s network. That’s good for companies like iPass, which would benefit from being part of a mobile carrier or enterprise software company looking to offer more a more complete package for corporate customers..
Shares of iPass are up nearly 6% at $2.65 after posting a new 52-week high of $2.69 earlier. The stock’s 52-week low is $1.11.
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.