Technical Roundup on Communication Services Stocks -- BlackBerry, Vonage, Towerstream, and Iridium Communications

Aug 12, 2016, 09:43 ET from Chelmsford Park SA

NEW YORK, August 12, 2016 /PRNewswire/ --

The Diversified Communication Services space includes companies that provide multiple communication technologies to consumers and businesses. Stocks in this industry often pay below-average yields, but there remain a handful of high-dividend payers. Under evaluation on today are: BlackBerry Ltd (NASDAQ: BBRY), Vonage Holdings Corp. (NYSE: VG), Towerstream Corp. (NASDAQ: TWER), and Iridium Communications Inc. (NASDAQ: IRDM). Sign up today and download for free the research reports for the stocks covered today at:


Waterloo, Canada headquartered BlackBerry Ltd's shares rose 0.64%, finishing Thursday's session at $7.88. A total volume of 2.78 million shares was traded. Over the last month and the previous three months, the stock has advanced 17.79% and 19.21%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 11.50% and 6.71%, respectively. Additionally, shares of BlackBerry, which designs, manufactures, and markets wireless solutions for the mobile communications market worldwide, have a Relative Strength Index (RSI) of 69.81.

On August 10th, 2016, BlackBerry announced that its AtHoc software has received a Certificate of Networthiness and Authority to Operate with the US Army through April 2019. The fulfillment of these essential information assurance and security requirements means that the AtHoc networked crisis communication software will remain in uninterrupted use protecting nearly 600,000 US Army personnel at more than 65 Army facilities around the world. BBRY complete research report is just a click away at:

Vonage Holdings  

On Thursday, shares in Holmdel, New Jersey headquartered Vonage Holdings Corp. ended the session 1.75% lower at $5.63. The stock recorded a trading volume of 1.78 million shares. The Company's shares have gained 44.36% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.70% and 6.10%, respectively. Moreover, shares of Vonage Holdings, which provides communications services connecting people through cloud-connected devices worldwide, have an RSI of 45.89.

On August 2nd, 2016, Vonage Holdings reported revenues of $234 million for Q2 2016, up from $222 million in the year ago quarter. The company's GAAP net income was $1 million, or $0.00 per share, during the reported quarter, down from $8 million, or $0.04 per share, in the year ago quarter, due to acquisition related costs, while adjusted net income was $18 million, or $0.08 per share, up from $14 million, or $0.07 per share, in the year ago quarter.

On August 03rd, 2016, research firm Dougherty & Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $6 a share to $8 a share. The complimentary report on VG can be downloaded at:


Middletown, Rhode Island headquartered Towerstream Corp.'s stock fell 0.42%, to close the day at $2.39 with a total volume of 168,947 shares traded. Shares of the Company, 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, are trading 21.09% below their 50-day moving average. The stock has an RSI of 35.70.

On August 9th, 2016, Towerstream reported that Q2 2016 revenue increased 2% over Q1 2016 to $6.9 million, the Company's first q-o-q increase since Q4 2013. The company noted that OnNet customers increased by 48% in Q2 2016 as against Q1 2016. 71% of OnNet customers added in Q2 were secondary installs. Sign up for your complimentary report on TWER at:

Iridium Communications  

Shares in McLean, Virginia headquartered Iridium Communications Inc. recorded a trading volume of 477,679 shares. The stock ended the session at $8.67, slightly down 0.69%. The Company's shares have gained 5.09% in the previous three months and 3.09% on an YTD basis. The stock is trading above its 200-day moving average by 9.20%. Furthermore, 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 44.92.

On July 28th, 2016, Iridium Communications reported net income of $26.9 million, or $0.22 per diluted share, for Q2 2016 as compared to $26.0 million, or $0.21 per diluted share, for Q2 2015. The company reported Q2 2016 total revenue of $109.2 million, which consisted of $83.5 million of service revenue and $25.7 million of revenue related to equipment sales and engineering and support projects. Both total revenue and service revenue increased 7% versus the comparable period of 2015. Download the research report for free on IRDM at:


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