Communication Services Stocks on Investors' Radar -- BlackBerry, Vonage, SBA Communications, and Iridium Communications
NEW YORK, December 16, 2016 /PRNewswire/ --
Companies in the Diversified Communication Services space provide communication technologies that span beyond the walls of just telecom. These firms can focus on the consumer segment, the business segment, or both. The majority of the stocks in this category tend to pay below average yields. In today's pre-market research, Stock-Callers.com takes a look at the following equities: BlackBerry Ltd (NASDAQ: BBRY), Vonage Holdings Corp. (NYSE: VG), SBA Communications Corp. (NASDAQ: SBAC), and Iridium Communications Inc. (NASDAQ: IRDM). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
BlackBerry
At the close on Thursday, shares in Canada headquartered BlackBerry Ltd saw a slight decline of 0.91%, ending the day at $7.63. The stock recorded a trading volume of 6.05 million shares, which was above its three months average volume of 4.18 million shares. The Company's shares have advanced 1.46% in the last one month and 5.83% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.36% and 3.43%, respectively. Moreover, shares of BlackBerry, which designs, manufactures, and markets wireless solutions for the mobile communications market worldwide, have a Relative Strength Index (RSI) of 52.22.
On December 15th, 2016, BlackBerry and TCL Communication Technology Holdings Limited announced that they have entered into a long-term licensing agreement. Under the terms of the agreement, BlackBerry will license its security software and service suite, as well as related brand assets to TCL Communication who will design, manufacture, sell and provide customer support for BlackBerry-branded mobile devices. BBRY complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=BBRY
Vonage
Shares in New Jersey headquartered Vonage Holdings Corp. ended the day 0.75% lower at $6.66 with a total trading volume of 2.41 million shares. The stock has gained 1.22% in the past month, 4.88% in the previous three months, and 16.03% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.64% and 18.72%, respectively. Furthermore, shares of Vonage Holdings, which provides communications services connecting people through cloud-connected devices worldwide, have an RSI of 50.92.
On December 13th, 2016, Vonage announced that it was recently granted its first patent for Nexmo since acquiring the company in June 2016. The newly-issued patent (US Patent No. 9,485,169) covers Vonage's proprietary Adaptive Routing™ solution, providing users with improved deliverability, latency, and stability when using Nexmo contextual communications services to send and receive text messages. Vonage now owns 146 US patents, with nearly 200 U.S. patent applications pending. The complimentary report on VG can be downloaded at:
http://stock-callers.com/registration/?symbol=VG
SBA Communications
On Thursday, shares in Florida headquartered SBA Communications Corp. finished 0.59% higher at $101.96 with a total trading volume of 614,351 shares. The stock has advanced 5.05% in the last one month. The Company's shares are trading below their 50-day moving average by 3.21%. Additionally, shares of SBA Communications, which owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the US and its territories, South America, Central America, and Canada, have an RSI of 51.28.
On December 06th, 2016, research firm Macquarie initiated a 'Neutral' rating on the Company's stock.
On December 09th, 2016, SBA Communications announced that it has filed with the SEC a definitive proxy statement/prospectus for a special meeting of its shareholders for the purpose of its shareholders considering and voting on a proposal to approve the Agreement and Plan of Merger, dated November 10th, 2016, between SBA and its wholly owned subsidiary, SBA Communications REIT Corporation. The meeting will be held on January 12th, 2017 at 2:00 p.m., local time, at SBA's corporate office located at 8051 Congress Avenue, Boca Raton, Florida 33487. Sign up for your complimentary research report on SBAC at:
http://stock-callers.com/registration/?symbol=SBAC
Iridium Communications
Virginia headquartered Iridium Communications Inc.'s shares recorded a trading volume of 727,064 shares at the end of yesterday's session. The stock closed the day 3.09% higher at $10.00. The Company's shares have advanced 16.28% in the last one month, 34.23% over the previous three months, and 18.91% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 15.49% and 20.56%, respectively. Additionally, shares of Iridium Communications, which provides mobile voice and data communications services through satellite to businesses, the US and foreign governments, non-governmental organizations, and consumers worldwide, have an RSI of 70.82.
On November 30th, 2016, Iridium announced the restructuring of its longstanding operations and maintenance relationship with Boeing. Under the agreement, Iridium is expected to hire the majority of the Boeing team that currently supports Iridium by performing operations and maintenance on Iridium's satellites, beginning January 03rd, 2017. In addition, Iridium will enter into a separate development services contract with Boeing. Get free access to your research report on IRDM at:
http://stock-callers.com/registration/?symbol=IRDM
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