China Recycling Energy Corp. (NASDAQ:CREG)

Trump Effect for China Recycling Energy Corp. (NASDAQ:CREG)?

China Recycling Energy Corp. (NASDAQ:CREG)

Is there a “Trump” effect at play with China Recycling Energy Corp. (NASDAQ:CREG)? Over 23 million shares have traded on a stock that has a daily average of under 22,000! CREG stock began the day at $1.27, yesterday’s close, then a steady ascent began until a high of $6.74 was established. What accounts for the massive volume and price increase? There is no news publicly available that could account for a volume increase of 1,391% or a share price increase of 350% – except, possibly, that the President of the United States did something today that could increase revenues for the Chinese company?

Prior to today’s price action, China Recycling Energy Corp. (NASDAQ:CREG) had a market capitalization of just $11.2 million. The company is in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. It also provides waste gas-to-energy solutions comprising the waste gas power generation system that utilizes flammable waste.

CREG Stock Performance

CREG shares traded, adjusting for dilution, above $60 in early 2014. While the shares have had some large daily losses, today counts as the largest daily gain in years. Before today, CREG shares were down 15% year-to-date, and down 11% for the year. This month had offered a bit of a reprieve to the downtrend as CREG shares were up over 20% for that time.

EPS has been trending down for the past four years. In 2013, per share profits were $2.90, but by 2016 the company posted a per share profit of just $0.22. Of note is the listed cash position for the company – posted at $6.60 per share. Even considering today’s gains, the shares are still trading at a significant discount to the listed cash holdings.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CREG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Vuzix Corporation (NASDAQ:VUZI) Making Strong Rebound off Lows

Vuzix Corporation (NASDAQ:VUZI)

Shares of Vuzix Corporation (NASDAQ:VUZI) are higher for the third day in a row, four days before the Augmented Reality (AR) provider releases their Q3 financial earnings report. Volume is heavy – over three times the listed average. Today’s 6.5% move higher lends some relief to stock that has been sliding in value for over a year.

Vuzix Corporation (NASDAQ:VUZI)

Vuzix Corporation (NASDAQ:VUZI) supplies Smart-Glasses and Augmented Reality (AR) technologies for the consumer and enterprise markets. Vuzix’s products include personal display and wearable computing devices for virtual and augmented reality. Vuzix holds 59 patents and 42 additional patents pending and numerous IP licenses. The company has won Consumer Electronics Show awards for innovation for the years 2005 to 2017.

Intellectual Property

This week Vuzix Corporation (NASDAQ:VUZI) announced that their patent portfolio had increased 53% over the last year. The number of patents, and pending patents, has increased from 66 to 101 from 66. In the area of optics, head mounted displays, and smart glasses, the company now has 59 patents compared to 43 one year ago.

VUZI Stock Performance

Vuzix Corporation (NASDAQ:VUZI) is followed by two investment firm analysts and both give VUZI stock a “Strong Buy” rating. Their one-year, consensus target price is $10.50. This morning, VUZI stock opened at $4.65 which is only $0.15 higher that its 52-week low of $4.50. VUZI had a 52-week high of $8.70 – established almost exactly one year ago.

Over the past year VUZI shares have lost almost 20% of their value. Year-to-date, the shares are down an even larger 27%. But in the last week, the market appears to be viewing the stock with more favor and, as a result, VUZI shares are up almost 7% during that period.

Vuzix Corporation (NASDAQ:VUZI) has seen expanding EPS losses and weaker sale over the past three years. EPS in 2014 was a loss of (-$0.75). That per share loss expanded to (-$1.23) by 2016. Sales were $3 million in 2014, but dropped to $2.1 million by 2016.

In the meantime, the shares have been diluted every year. In 2012 there were 3.54 million shares outstanding. That number stood at 16.91 million by the end of 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CALL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

magicJack VocalTec Ltd (NASDAQ:CALL)

VOIP Pioneer magicJack VocalTec Ltd (NASDAQ:CALL) Acquired!

magicJack VocalTec Ltd (NASDAQ:CALL)

The pioneer of Voice over the Internet Protocol (VOIP) magicJack VocalTec Ltd (NASDAQ:CALL) is being acquired by B. Riley Financial, Inc., a diversified financial services company, for $8.71 per share.

magicJack VocalTec Ltd (NASDAQ:CALL)

The deal represents a 23% premium over CALL’s 90-day average price and is worth approximately $143 million. Observers believe that magicJack will be held by B. Riley’s subsidiary B. Riley Principal Investments, LLC – the entity that owns United Online, Inc., a complementary telecommunications company.

Bryant Riley, Chairman and CEO of B. Riley, said, “Investments such as this one are the key reason we formed our Principal Investments group. We believe that magicJack is representative of the type of proprietary investment with attractive return characteristics that are often overlooked by others, but where we are uniquely qualified to leverage our balance sheet and comprehensive platform in order to maximize the investment potential. Once fully integrated, we expect magicJack to generate a meaningful contribution to B. Riley’s cash flow and, consistent with our policy of returning capital to shareholders, lead to increased dividends for our shareholders in the future.”

MagicJack VocalTec Ltd (NASDAQ:CALL) has sold more than 11 million magicJack devices, now in their fifth generation, has millions of downloads of its calling apps, and holds more than 30 technology patents. magicJack VocalTec Ltd (NASDAQ:CALL) is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and number of states in which it is certified.

CALL Stock Performance

CALL shareholders can breathe a sigh of relief. Sales had been declining for years before this merger. In 2012, sales were at $158.4 million but steadily declined and in 2016 were posted at only $97.4 million. Despite a contraction in the number of outstanding shares, earnings suffered as well. In 2013 a shareholder’s EPS was $3.81. That number shrank year after year, and in 2016 was $$0.36.

Accordingly, CALL stock was trading at 52-week lows (just above $5.50) when the deal was announced. The deal’s price of $8.71 revisits prices last seen six months ago – before the shares began a steady slide.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CALL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

NASDAQ:MEET

After-Hours Market Sells off The Meet Group Inc (NASDAQ:MEET)

Meet Group Inc (NASDAQ:MEET)

Shares of The Meet Group Inc (NASDAQ:MEET) are down over 12% in the after-hours market after the company released Q3 financial results that missed Wall St. expectations. The consensus EPS forecast was for$0.06 EPS, but the company came in at half that, $0.03 on total revenues of $32.2 million. Adjusted EBITDA was $8.9 million, up 30% year over year, or a 28% margin. Non-GAAP net income of $8.1 million, or $0.11 per diluted share, compared to $6.2 million or $0.10 per diluted share in the prior year quarter. Cash and cash equivalents totaled $24.6 million.

The Meet Group Inc (NASDAQ:MEET)

David Clark, Chief Financial Officer, stated, “Our mobile revenue growth of 47% year over year reflects increases in our mobile impressions through the acquisitions of Skout and Tagged. Adjusted EBITDA increased 30% to $8.9 million for the quarter, representing a 28% adjusted EBITDA margin. We generated $6.0 million in cash from operations, ending the quarter with $24.6 million cash and cash equivalents.”

The Meet Group Inc (NASDAQ:MEET) owns a portfolio of mobile apps designed to meet today’s communication challenges. Their Apps include MeetMe®, LOVOO®, Skout®, Tagged®, and Hi5®. They have users in over 100 countries. The Meet Group has over 4.5 million mobile daily active users. The company offers advertisers the opportunity to reach customers on a global scale and has mobile monetization strategies that include advertising, in-app purchases, and subscription products.

MEET Q4 and Full-Year Outlook

The company expects Q4 revenue in the range of $36.5 million to $38 million, and adjusted EBITDA in the range of $7.5 million to $9.5 million. For the full year, 2017, the company believes revenue will be in the range of $120.1 million to $121.6 million, and adjusted EBITDA will be in the range of $28.6 million to $30.6 million.

MEET Stock Performance

Two investment firms follow The Meet Group Inc (NASDAQ:MEET) and both rate their shares as a “Strong Buy”, with a consensus, one-year price target of $7.81. That is above the company’s 52-week high of $6.45. In May, investors began abandoning the stock when fears arose that its growth rate, while impressive, was not sustainable. Since then, it recently hit its 52-week low of $3.29.

MEET stock is down over 30% for the year and year-to-date. The loss of value is surprising given that sales have increased each year since 2013 when the company reported a figure of $40.4 million. Last year the figure was a robust $76.1 million. Earnings have a similar upward trajectory. In 2013 the company reported an EPS loss of (-$0.29) but by 2016 that had become a per share profit of $0.89.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MEET and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) Stock Falls on Earnings Announcement

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) shares were down 11% after the wireless backhaul solution provider reported Q3 2017 net income of $3.5 million, or $0.04 cents per share. Revenue came in at $76 million. CRNT shares closed at $1.85 – just $0.26 above the stock’s published book value.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services globally. Ceragon’s offerings utilize microwave technology to transfer telecommunication traffic between base stations, and the core of the service provider’s network. Their clients include wireless service providers, public safety organizations, government agencies and utility companies.

Over two months ago, its FibeAir IP-20 Platform was selected by a Southeast Asia wireless service provider to expand and modernize its nationwide 450MHz low-band high coverage CDMA network to a 4G-LTE network. Even so, the market did not move the shares higher on the news. Instead, CDMA shares actually lost ground over the next three days.

CRNT Stock Performance

Earnings have been erratic for the telecommunications firm. In 2012 the company lost (-$0.64) per share and followed that loss in 2013 with a loss of (-$1.23), and a loss of (-$1.22) in 2014. For 2015, the company posted a per share profit of $0.01 and last year that figure improved to $0.15.

Interestingly, the positive earnings trend comes alongside a decline in reported sales. In 2014 the posted sales figure was $371.1 million, followed by $349.4 million in 2015, and $293.6 million in 2016.

Three investment firms follow Ceragon Networks Ltd (NASDAQ:CRNT). Two rate CRNT shares as a “Hold”, while one rates the shares a “Buy”. Their consensus one-year price target is $2.50.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!
About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

KEYW Holding Corp. (NASDAQ:KEYW)

KEYW Holding Corp. (NASDAQ:KEYW) Stock Craters!

KEYW Holding Corp. (NASDAQ:KEYW)

KEYW Holding Corp. (NASDAQ:KEYW) stock dropped over 33% on Friday after the company reported a Q3 loss of (-$4.2) million, or (-$0.08) per share, after reporting a profit for the same period a year earlier. Volume was over six times the listed daily average of 412,000. The earnings of the Hanover, Maryland-based company fell short of Wall Street expectations which had been for a $0.05 per share profit.

KEYW Holding Corp. (NASDAQ:KEYW)

KEYW Holding Corp. (NASDAQ:KEYW) is a national security solutions provider for the Intelligence, Cyber, and Counterterrorism agencies. KEYW supports the collection, processing, analysis and dissemination of information across the full spectrum of America’s national security missions. The company employs over 2,000 professionals in the industry who address such complex problems as preventing cyber threats, transforming data into intelligence, and combating global terrorism.

KEYW Stock Performance

KEYW shares had traded over $12 at the beginning of 2017 but experienced a consistent slide to the current $5 level. Year-to-date, KEYW Holding Corp. (NASDAQ:KEYW) stock has lost over 56% and lost over 30% in the last week alone. The latest downturn eradicated the old 52-week low of $6.18.

Some observers look at the performance of the stock and maintain a “wait and see” posture. However, analysts have been reiterating or upgrading their ratings on KEYW stock throughout the year. In 2017, RBC Capital Markets initiated coverage with an “Outperform” rating and a $12 price target. In May, Maxim Group upgraded their rating from a “Hold” to a “Buy” with a $13 price target. That was followed, in August, by Drexel Hamilton raising their “Hold” rating to a “Buy”, then on Friday Maxim reiterated their rating but lowered their price target to $10 from $13.

KEYW Holding Corp. (NASDAQ:KEYW) has reported steady sales near the $300 million mark for the past four years. While sales growth has been absent, a concern for steady earnings seem to be the area of larger concern for investors. In 2012, 2014, and 2016, the company reported per share profits of $0.04, $0.18, and $0.05. However, 2013 and 2015 produced per share losses of (-$0.31) and (-$0.77).

Interested investors should not the high short-sale position that the market has established in the company – over 20% of the stock’s float is held short.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $KEYW and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Microvision, Inc. (NASDAQ:MVIS)’s Wider Than Expected Q3 Net Loss Spooks Investors

Microvision, Inc. (NASDAQ:MVIS)

Microvision, Inc. (NASDAQ:MVIS) shares fell 24.9% after the leader in ultra-miniature displays reported third quarter financial results that fell short of Wall Street expectations. The net loss of (-$5.2) million or (-$0.07) a share compared to a net loss of (-$4.1) million reported last year, did not go well with investors.

Microvision, Inc. (NASDAQ:MVIS)

Q3 Financial Results Reaction

The disappointing financial results added fuel to a sell-off wave that has plagued the stock in recent trading sessions. Over the past two months, the stock has shed more than 40% of market value. However, it is still up for the year.

Revenue growth in the third quarter was a soft spot in the company’s financial report. The company posted revenues of $6.1 million compared to $4 million reported a year ago. However, revenue for the first nine months of the year took a hit, dropping to $8.3 million compared to $11.9 reported last year.

Microvision, Inc. (NASDAQ:MVIS) expects revenue to continue growing heading into the year-end. In March, the company received a $6.7 million order from China-based smartphone manufacturer Ragentek. The order is for the supply of PSE-0403 display engine, which the company plans to fulfill in the coming months.

PSE-0403 is Microvision, Inc. (NASDAQ:MVIS) lead product in the engine line business. The Company also has two other scanning engines – one for 3D LiDAR sensor and another for interactive display. In addition, the company is currently working on a major supply contract for a laser beam scanning system for a leading technology company.

Stock Offering

During the quarter, the company sold 1.5 million shares to a private investor at a price of $2.10 per share. Gross proceeds from the offering totaled $3.15 million. MicroVision plans to use proceeds from the offering for general corporate purposes. The company also issued 5.5 million shares in an underwritten public offering, generating gross proceeds of $11.5 million.

Board Appointment

Separately, Microvision, Inc. (NASDAQ:MVIS) has confirmed the appointment of Bernee D.L Strom to its board of directors. He joins the company with over 25 years’ experience of executive management, marked by roles on various boards.

“Bernee Strom is a tremendous addition to the MicroVision board of directors with her background as a founder, leader, and board member of many public and private high technology companies,” said Brian Turner, Chairman and Independent Director at MicroVision.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MVIS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

The9 Limited (ADR) (NASDAQ:NCTY) Volumes Explode

The9 Limited (ADR) (NASDAQ:NCTY)

The9 Limited (ADR) (NASDAQ:NCTY) shares have traded over 1.1 million times today and is down 2.8%. NCTY shares have a posted daily average volume of just 28,500. It has been a long, persistent fall for a company that was projected by analysts, in 2007, to reach $42 per share.

The9 Limited (ADR) (NASDAQ:NCTY)

The9 Limited (ADR) (NASDAQ:NCTY) is a Chinese online game developer and operator. The9 develops and/or operates, its proprietary mobile games and web games, including the CrossFire brand new shooting mobile game, Audition mobile, Knight Forever, Q Jiang San Guo and Wildlands God of War.

Deal Terms

Today the company announced that its subsidiary has signed an exclusive publishing agreement with Alibaba Games’ subsidiary. The agreement grants Alibaba Games’ subsidiary an exclusive right to publish its proprietary CrossFire brand new shooting mobile game in China. The9 Limited’s subsidiary developed the CrossFire brand new shooting mobile game using the CrossFire intellectual property licensed from Smilegate Entertainment, Inc.

The9 Limited’s also signed a settlement agreement with Smilegate Entertainment, Inc. to terminate the license of CrossFire 2. Under the settlement agreement, The9 Limited will receive cash refund of the previous upfront license fee payment from Smilegate Entertainment, Inc.

NCTY Stock Performance

By the end of 2009, NCTY stock was trading under $10. By 2016, the stock was having trouble staying above $2, and for all of 2017 the psychologically important $1 level has been a challenge.

Shares of The9 Limited (ADR) (NASDAQ:NCTY) are down 45% for the year and down 6% for the past month. Importantly, the latest financial reports put the games developer’s cash-per-share value at just $0.10.

In the gaming market, it is not unusual to burn through a large amount of cash at a fast rate. Talented developers are known to be very expensive and that does not include the expense of testing and debugging their work product.

In 2016, NCTY shareholders lost (-$4.27) per share on sales of $.8.5 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $NCTY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

CPS Technologies Corporation (NASDAQ:CPSH) Earnings Don’t Impress

CPS Technologies Corporation (NASDAQ:CPSH)

Yesterday, CPS Technologies Corporation (NASDAQ:CPSH) announced their Q3 2017 earnings results and today the market responded by sending CPSH shares higher by 2.7% in early trading. Over the past six months, shares of the advanced materials manufacturer have traded between $1.10 and $1.35. Today’s morning trading saw shares open $0.08 higher than yesterday’s close and run up to the inter-day high of $1.30 before sellers stepped in and sent the stock back down to $1.15. Volume has been heavy – over 20 times the posted daily average.

CPS Technologies Corporation (NASDAQ:CPSH)

CPS Technologies Business

Norton, MA-based CPS Technologies Corporation (NASDAQ:CPSH) develops and manufactures metal-matrix composite components used to improve the reliability and performance of certain electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines.  They are also used as heat-spreaders in internet switches, routers, and high-performance microprocessors.  CPS Technologies Corporation (NASDAQ:CPSH) also develops and produces metal-matrix composites for the defense, aerospace, and oil & gas sectors.

CPS Technologies Q3 Earnings

CPS Technologies Corporation (NASDAQ:CPSH) announced revenues of $4.2 million and net income of $13 thousand for Q3 2017. This compares with revenues of $3.3 million and a net loss of $139 thousand for the quarter ended October 1, 2016.

Revenues for the nine months ended September 30, 2017 were $10.8 million compared with revenues of $12.5 million for the corresponding period a year ago- a 14% drop. The net loss for the nine-month period in 2017 totaled $925,000 compared with a $200,000 net loss for the first nine months of 2016.

Grant Bennett, CEO, said, “A year ago we reported that we expected the weakness in demand would persist for a few more quarters.   This belief turned out to be accurate as it was not until the second quarter this year that we achieved a sequential increase in quarterly revenues.  The upward trend continued this quarter which is 48% higher than our low point of Q1, 2017.  As a result of the increase in revenues, we were able to generate above breakeven results for the first time in over a year.”

CPSH Stock Performance

Earnings have been decreasing each year since 2014 when the company posted a per share profit of $0.08. Last year, 2016, the company posted a per share loss of (-$0.03). That downtrend accompanied lower annual sales figures. Their best year was 2014 when they reported $23.1 million in sales. That number has declined each year since, and for 2016 sales were listed at $15.4 million.

CPSH shares are down almost 25% for the year and over 40% year-to-date. The current trading price is barely above the 52-week low of $1.02 and almost half the 52-week high of $2.20.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CPSH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

iPass Inc. (NASDAQ:IPAS)

iPass Inc. (NASDAQ:IPAS) Inks Deals

iPass Inc. (NASDAQ:IPAS) Inks Deals

iPass Inc. (NASDAQ:IPAS) shares gained 2.5% after the leading provider of global mobile connectivity announced a collaboration agreement with Tech Data Corp (NASDAQ:TECD). Pursuant to the agreement, Tech Data is to use iPass SmartConnect platform to distribute its intelligent connection management and Wi-Fi service offerings.

iPass Inc. (NASDAQ:IPAS) stock is currently trading in a downtrend after coming under immense selling pressure. The stock is down by more than 50% for the year as it languishes near all-time lows.

Tech Data SmartConnect Platform Integration

The iPass SmartConnect platform is designed to ensure secure connections while on Wi-Fi, thus ensuring privacy and security with full protection. It also guarantees improved productivity given that it keeps mobile employees always on, with unlimited access to Wi-Fi.

“We’re proud to provide our channel partners with comprehensive solutions to better serve their SMB customers. The iPass SmartConnect platform creates new revenue streams and enhances customer engagement,” said Linda Rendleman, vice president of Product Marketing.

The agreement presents iPass a unique opportunity to expand its reach across the U.S and Canada. Tech Data has already reiterated plans to leverage its strategic position to help reach more customers in the channel space. The firm is to offer SmartConnect platform as a stand-alone offering or bundled into a complete solution. The firm also plans to facilitate partnerships between iPass and original equipment manufacturers.

Ooredoo Collaboration

In addition to the Tech Data partnership, iPass Inc. (NASDAQ:IPAS) has inked a strategic partnership with Ooredoo Global Services. The wholesale arm of the world’s fastest growing telecommunication company Ooredoo is to use iPass SmartConnect SDK to provide global Wi-Fi Services to its customers in the Middle East, North Africa and South East Asia.

The integration will allow the service provider to provide customers with simple, yet secure and unlimited Wi-Fi access to millions of hotspots worldwide.

“The iPass SmartConnect SDK makes it incredibly easy for network operators to integrate global Wi-Fi into their existing services. With more customers using roaming services, global Wi-Fi connectivity can prove to be a key differentiator for mobile network operators,” said iPass Vice president Mato Petrusic

Separately, iPass Inc. (NASDAQ:IPAS) is to announce its financial results for the three months ended September 30, 2017, on November 1, 2017, following the close of regular market trading The Company will also host a live conference to discuss the financial results, business activities and outlook.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $IPAS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.