NEW YORK, November 1, 2016 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on four Diversified Communication Services equities, namely: BlackBerry Ltd (NASDAQ: BBRY), Vonage Holdings Corp. (NYSE: VG), Iridium Communications Inc. (NASDAQ: IRDM), and Towerstream Corp. (NASDAQ: TWER). These companies belong to the Technology sector, which was higher on Monday, October 31, 2016, with shares of tech companies in the S&P 500 advancing around 0.1%. Register now and get full and free access to our downloadable research reports on these stocks at:
Canada headquartered BlackBerry Ltd's stock finished Monday's session 0.56% lower at $7.05, with a total trading volume of 2.34 million shares. Shares of the Company, which designs, manufactures, and markets wireless solutions for the mobile communications market worldwide, are trading 3.70% below their 200-day moving average. The stock has a Relative Strength Index (RSI) of 31.19.
On October 31st, 2016, BlackBerry announced that an agreement has been signed with Ford Motor Company for the expanded use of BlackBerry's QNX and security software. The deal signifies acceleration in BlackBerry's pivot from hardware to software in support of the automaker's goal of providing connected vehicles and mobility to its customers. As part of this agreement, BlackBerry will dedicate a team to work with Ford on expanding the use of BlackBerry's QNX Neutrino Operating System, Certicom security technology, QNX hypervisor and QNX audio processing software. The terms of the deal were not disclosed. Access our complete research report on BBRY for free at:
On Monday, shares in Holmdel, New Jersey headquartered Vonage Holdings Corp. recorded a trading volume of 3.35 million shares, which was above their three months average volume of 3.21 million shares. The stock ended the session 1.44% lower at $6.86. The Company's shares have advanced 3.78% in the last one month, 9.58% in the previous three months, and 19.51% on an YTD basis. The stock is trading 8.94% above its 50-day moving average and 28.18% above its 200-day moving average. Moreover, shares of Vonage, which provides communications services connecting people through cloud-connected devices worldwide, have an RSI of 62.88.
On October 26th, 2016, Vonage reported revenues of $248 million for Q3 2016, up from $223 million in Q3 2015. GAAP income from operations was $15 million in the reported quarter, up from $9 million in the prior year. Adjusted Operating Income Before Depreciation and Amortization ("Adjusted OIBDA") for Q3 2016 was $41 million, up from $34 in Q3 2015. GAAP net income was $9 million, or $0.04 per share, up from $3 million, or $0.02 per share, in Q3 2015. Vonage Business revenue, which includes $24 million of Nexmo's revenue, was $106 million in Q3 2016, an 86% y-o-y increase on a GAAP basis. Ending seats at Vonage Business were 616,000, up from 514,000 seats in Q3 2015, a 20% increase. The complimentary research report on VG can be downloaded at:
Shares in McLean, Virginia headquartered Iridium Communications Inc. closed the day 0.62% higher at $8.15. The stock recorded a trading volume of 639,789 shares. The Company's shares have gained 0.49% in the last month. The stock is trading 1.54% above its 50-day moving average and 1.95% above its 200-day moving average. Additionally, shares of Iridium Communications, which provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide, have an RSI of 48.85.
On October 27th, 2016, Iridium Communications announced an agreement with Komatsu Ltd of Japan, the world's second-largest manufacturer of heavy equipment for the construction and mining industries, to provide global asset tracking and monitoring for its KOMTRAX system, a system with over 400,000 KOMTRAX-equipped vehicles in the field today. This deal extends Iridium's leadership position in providing global satellite machine-to-machine (M2M) communications within the heavy equipment industry. Register for free on Stock-Callers.com and get access to the latest PDF format report on IRDM at:
At the close, shares in Middletown, Rhode Island headquartered Towerstream Corp. ended the day at $1.15, which was a decline of 4.96%. The stock recorded a trading volume of 600,806 shares, which was above its three months average volume of 567,090 shares. The Company's shares are trading below their 50-day moving average by 29.40%. Furthermore, shares of Towerstream, which together with its subsidiaries, provides fixed wireless broadband services and delivers access over a wireless network transmitting over regulated and unregulated radio spectrum to commercial customers in the US, have an RSI of 36.86.
On October 25th, 2016, Towerstream announced that it expects to add 100 new buildings to its On-Net footprint in Q4 to 437 total buildings. This is more than double the 265 that were in the On-Net footprint at the end of H1. In addition to this expansion, management is considering select M&A transactions that would complement its organic growth. Download your free research report on TWER at:
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