New Jersey headquartered ORBCOMM Inc.'s stock finished Monday's session 1.61% lower at $7.94 with a total trading volume of 365,582 shares. The Company's shares have advanced 6.72% in the previous three months. The stock is trading 6.10% below its 50-day moving average. Additionally, shares of ORBCOMM, which provides machine-to-machine and Internet of things solutions in the US, South America, Japan, Europe, and internationally, have a Relative Strength Index (RSI) of 39.45.
On January 23rd, 2017, ORBCOMM announced that it has been selected by B.A.H. Express, Inc. to provide an industry-leading asset tracking solution for its dry van trailer fleet. ORBCOMM will provide wireless connectivity through its proprietary hardware and a web-based reporting platform for optimal fleet management. A nationwide truckload carrier headquartered in Conley, GA, B.A.H. is using ORBCOMM's end-to-end telematics system, which is self-powered with solar recharging technology and does not require external power. Access our complete research report on ORBC for free at:
On Monday, shares in London, the UK headquartered BT Group PLC recorded a trading volume of 870,677 shares, which was above their three months average volume of 835,870 shares. The stock ended the session 0.26% lower at $19.31. The Company's shares are trading 13.96% below their 50-day moving average. Moreover, shares of BT Group, which provides communications services worldwide, have an RSI of 28.66.
On January 25th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On January 27th, 2017, BT Group reported revenue of £6.13 billion, up 32% on a y-o-y basis. The Company's reported earnings per share declined 59% to 3.8p for Q4 2016. BT Group reported adjusted EBITDA of £1,870 million up 18% on a y-o-y basis. For Q4 2016, the Company reported mobile pay monthly net additions of 276,000, and retail broadband net additions of 83,000, with retail fiber broadband net additions at 260,000. The complimentary research report on BT can be downloaded at:
Shares in San Jose, California headquartered 8x8 Inc. closed the day 2.52% lower at $15.45. The stock recorded a trading volume of 533,485 shares. The Company's shares have gained 5.82% in the last month, 13.60% over the previous three months, and 8.04% on an YTD basis. The stock is trading 4.17% above its 50-day moving average and 9.82% above its 200-day moving average. Additionally, shares of 8x8, which provides cloud-based, enterprise-class software solutions for small and medium businesses, mid-market, and distributed enterprises worldwide, have an RSI of 50.85.
On January 25th, 2017, 8x8 reported that total revenue grew 20% on a y-o-y basis to $63.7 million in Q3 FY17. 8x8's GAAP gross margin was 77% in Q3 FY17 compared to 72% in Q3 FY16. The Company's GAAP net loss was ($1.3 million), or ($0.01) per diluted share, for Q3 FY17; and non-GAAP net income was $5.8 million, or $0.06 per diluted share, for Q3 FY17. 8x8's cash generated from operating activities was $8.8 million in Q3 FY17 compared to $8.3 million in Q3 FY16. Register for free on Stock-Callers.com and get access to the latest PDF format report on EGHT at:
At the close of trading on Monday, shares in Washington, the District of Columbia headquartered Cogent Communications Holdings Inc. finished 1.07% lower at $41.60. The stock recorded a trading volume of 174,390 shares. The Company's shares have advanced 13.91% in the previous three months and 0.60% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.18% and 7.95%, respectively. Furthermore, shares of Cogent Communications Holdings, which through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations, have an RSI of 55.00.
On January 13th, 2017, research firm Stifel initiated a 'Buy' rating on the Company's stock, with a target price of $48 per share.
On February 01st, 2017, Cogent Communications announced that it will host a conference call with its financial analysts at 8:30 a.m. ET on February 23rd, 2017, to discuss Cogent's operating results for Q4 2016 and full year 2016. The Company will issue a press release announcing the operating results at 7:00 a.m. ET on February 23rd, 2017. Download your free research report on CCOI at:
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