KORE Group Appoints New CFO Anthony Bellomo

KORE Group Holdings ( (KORE) ) just unveiled an update.

On June 2, 2025, KORE Group Holdings announced the appointment of Anthony Bellomo as Executive Vice President, Chief Financial Officer, and Treasurer, succeeding Paul Holtz, who departed from the role on May 30, 2025. Bellomo, who brings extensive financial leadership experience from Mitel Networks Corporation, will help KORE focus on profitable growth. Holtz will remain as a non-executive advisor until June 30, 2025, to ensure a smooth transition.

The most recent analyst rating on (KORE) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.

Spark’s Take on KORE Stock

According to Spark, TipRanks’ AI Analyst, KORE is a Neutral.

KORE Group Holdings’ overall stock score is driven by significant financial weaknesses, including negative profit margins and declining revenues. Although technical and corporate actions show some positive trends, valuation challenges and mixed earnings results limit the overall score. Strategic initiatives and operational improvements provide some optimism but are overshadowed by persistent financial concerns.

To see Spark’s full report on KORE stock, click here.

More about KORE Group Holdings

KORE Group Holdings, Inc. is a global leader in Internet of Things (IoT) solutions and IoT connectivity. The company provides mission-critical IoT solutions and services, helping organizations of all sizes improve operational and business results by simplifying the complexity of IoT. KORE’s expertise, global reach, and purpose-built solutions aim to accelerate and materially impact customers’ business outcomes.

Average Trading Volume: 12,008

Technical Sentiment Signal: Sell

Current Market Cap: $42.9M

Learn more about KORE stock on TipRanks’ Stock Analysis page.