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Spok Holdings Inc(SPOK)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPOK
10/27/2026: SPOK (1-star) is a SELL. SELL for 3 days. Simulated Profits (-6.79%). Updated daily EoD!
Spok Holdings is a specialized healthcare communications company that operates a stable but slowly declining nationwide paging network alongside a modern clinical software portfolio. The firm’s main strength lies in its entrenched position within large hospital systems and its strong cash flow generation, which supports consistent dividend payouts. The primary investment story centers on the company's ability to migrate its legacy paging customers to integrated software solutions while managing operational costs. Key risks include intense competition from EHR providers, the secular decline of the paging industry, and potential execution hurdles in software adoption. It is best suited for income-focused investors who monitor paging churn and software bookings.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is currently focused on stabilization rather than high-growth scaling. |
| Momentum investor | Weak fit | The stock lacks the consistent price trends and volume momentum typically sought by this style. |
| Value investor | Mixed fit | The stock offers value characteristics through consistent cash flows but faces long-term secular headwinds. |
| Dividend investor | Strong fit | Spok is often attractive to income-focused investors due to its history of paying dividends from stable cash flows. |
| Low-risk investor | Mixed fit | While cash flow is stable, the long-term decline of the core paging business introduces significant business-model risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock can experience significant swings based on quarterly performance and dividends. |
| Valuation risk | Medium | The valuation is heavily tied to the sustainability of cash flows from a declining paging segment. |
| Competition risk (Software/Cloud) | High | Spok faces intense competition from sophisticated software providers in the clinical collaboration market. |
| Business quality | Medium | While the franchise is well-entrenched, its core asset is in a long-term structural decline. |
| Dividend income | Medium | Future dividends are dependent on the company's ability to maintain paging margins. |
| Execution risk | Medium / high | The company must successfully navigate the transition of its customer base to software solutions. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -32.08% | Avg. Invested days 35 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/27/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 213.57M USD | Price to earnings Ratio 17.91 | 1Y Target Price 14 |
Price to earnings Ratio 17.91 | 1Y Target Price 14 | ||
Volume (30-day avg) 137.2K shares | Beta 0.45 | 52 Weeks Range 9.38 - 14.65 | Updated Date 10/27/2026 |
52 Weeks Range 9.38 - 14.65 | Updated Date 10/27/2026 | ||
Dividends yield (FY) 12.14% | Basic EPS (TTM) 0.57 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Paging Services | Monthly recurring fees for nationwide paging services and hardware leasing. | This is the company's primary cash engine, though it is a slowly shrinking business. |
| Software Solutions | Licensing, implementation, and maintenance of clinical communication software. | This is the primary growth area where the company competes with modern software platforms. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-28 | When After Market | Estimate 0.16 | Actual - |
Profitability
Profit Margin 9% | Operating Margin (TTM) 19.91% |
Management Effectiveness
Return on Assets (TTM) 5.69% | Return on Equity (TTM) 8.42% |
Valuation
Trailing PE 17.91 | Forward PE 10.15 | Enterprise Value 202.94M | Price to Sales(TTM) 1.57 |
Enterprise Value 202.94M | Price to Sales(TTM) 1.57 | ||
Enterprise Value to Revenue 1.5 | Enterprise Value to EBITDA 9.32 | Shares Outstanding 20.92M | Shares Floating 18.20M |
Shares Outstanding 20.92M | Shares Floating 18.20M | ||
Percent Insiders 2.32 | Percent Institutions 58.06 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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