The IBD SmartSelect Composite Rating for Gogo rose from 94 to 96 Tuesday.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Gogo is currently extended beyond a proper buy zone after clearing the 11.17 entry in a consolidation.
One weak spot is the company's 33 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 13% rise in earnings for Q1. Revenue growth increased 121%, up from 41% in the prior quarter. The company has now posted increasing growth in each of the last three reports. The company's next quarterly report is expected on or around Aug. 7.
Gogo holds the No. 2 rank among its peers in the Telecom-Infrastructure industry group. Dycom Industries is the No. 1-ranked stock within the group.
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