Technical Roundup on Wireless Communications Stocks -- Inteliquent, Telephone & Data Systems, Ubiquiti Networks, and CalAmp

Oct 05, 2016, 09:19 ET from Chelmsford Park SA

NEW YORK, October 5, 2016 /PRNewswire/ --

Today, redirects its attention to the Wireless Communications space which generally offers dividend yields that are slightly above average. Companies under review are: Inteliquent Inc. (NASDAQ: IQNT), Telephone & Data Systems Inc. (NYSE: TDS), Ubiquiti Networks Inc. (NASDAQ: UBNT), and CalAmp Corp. (NASDAQ: CAMP). These equities belong to the Technology sector which was mainly higher in early trading on Tuesday, October 04, 2016. Sign up today and download for free the research reports for the stocks covered today at:


On Tuesday, shares in Chicago, Illinois headquartered Inteliquent Inc. recorded a trading volume of 463,400 shares, which was above their three months average volume of 381,580 shares. The stock ended the session 2.62% higher at $16.45. The Company's shares have gained 1.04% in the last one month. The stock is trading 1.29% below its 50-day moving average. Moreover, shares of Inteliquent, which provides voice telecommunications services on a wholesale basis in the US and internationally, have a Relative Strength Index (RSI) of 52.46.

On September 21st, 2016, Inteliquent announced that its Board of Directors has appointed Eric Carlson as its interim Principal Financial Officer and interim Principal Accounting Officer effective on September 24th, 2016.  Inteliquent is currently identifying a candidate to serve as its Chief Financial Officer on a permanent basis. Mr. Carlson, 54, joined Inteliquent in May 2004 and has served as Controller since that time.  In addition, Mr. Carlson previously served as the company's interim Principal Financial Officer and interim Principal Accounting Officer from August 2013 to January 2014.

Yesterday, research firm Drexel Hamilton initiated a 'Buy' rating on the Company's stock. IQNT complete research report is just a click away at:

Telephone & Data Systems  

Chicago, Illinois headquartered Telephone & Data Systems Inc.'s stock closed the day 0.51% higher at $27.34. A total volume of 482,991 shares was traded, which was above their three months average volume of 463,500 shares. The Company's shares have advanced 7.33% on an YTD basis. The stock is trading 0.25% below its 200-day moving average. Additionally, shares of Telephone & Data Systems, which provides wireless, wireline, cable, and hosted and managed services in the US, have an RSI of 43.93.

On October 4th, 2016, OneNeck(R) IT Solutions, wholly owned subsidiary of Telephone and Data Systems, announced that Luck Stone Corp. contracted for conversion of their IT infrastructure. OneNeck is moving Luck Stone's Microsoft Dynamics AX environment from public cloud onto OneNeck's private hosted cloud known as ReliaCloud(R). OneNeck will continue providing Luck Stone with enterprise application, network, security and infrastructure management, along with database and operating system administration. The complimentary report on TDS can be downloaded at:

Ubiquiti Networks  

Shares in San Jose, California headquartered Ubiquiti Networks Inc. recorded a trading volume of 217,146 shares, and ended yesterday's trading session 0.41% lower at $53.57. The stock has advanced 0.75% in the past month, 42.10% in the previous three months, and 69.04% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.87% and 38.88%, respectively. Furthermore, shares of Ubiquiti Networks, which develops networking technology for service providers and enterprises worldwide, have an RSI of 56.67. Sign up for your complimentary report on UBNT at:


Irvine, California headquartered CalAmp Corp.'s stock finished Tuesday's session 0.07% lower at $13.53. A total volume of 721,574 shares was traded, which was above their three months average volume of 506,060 shares. The Company's shares are trading below their 50-day moving average by 10.41%. Additionally, shares of CalAmp, which provides wireless communications solutions for various applications worldwide, have an RSI of 28.31.

On September 29th, 2016, CalAmp reported that revenue for Q2 FY17 was $90.5 million, an increase of 30% from Q2 FY16. Revenue in Q2 FY17 included $31.9 million from LoJack products and services and $6.7 million from the Satellite segment. The company's gross margin was 42% in Q2 FY17, up from 36% in Q2 FY16. CalAmp's GAAP net income for Q2 FY17 was $0.5 million, or $0.01 per diluted share, compared to net income of $3.5 million, or $0.10 per diluted share, in Q2 FY16.  Non-GAAP adjusted basis net income for the reported quarter was $10.1 million, or $0.27 per diluted share, compared to non-GAAP adjusted net income of $9.8 million, or $0.27 per diluted share, for the comparable year ago period.  

On October 3rd, 2016, research firm Aegis Capital downgraded the Company's stock rating from 'Buy' to 'Hold'. Download the research report for free on CAMP at:


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