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No worries Buzz Trader. I'm going to keep mine to see what the Quarterly says in February. With the continued push towards profitability, I think we are moving in the right direction. A lot has happened during the restructuring, and FTE is positioned well to become a break out company, or to be bought out. Fiber within the larger cities is becoming more and more common as network and downloading speeds continue to get faster. I will definitely be holding what I have!
Good Luck!
Awesome day parrot head! Looks like it may start turning back around...everyone done selling for end of year losses. That coupled with the fact of major investment by some rather large hedge funds! I personally would love to see this back above $5.00 to end the year!
Best of luck!
Best of luck Quin! Maybe things will get turned around here eventually. I'm still keeping my fingers crossed and hoping for those contracts to show the positive momentum they have been promising!
Nokia Networks collaborates with leading universities in Europe, the USA and China to make 5G technologies as viable and future-proof as possible. It also runs several 5G-related industry projects in Europe, chairs the 5G-PPP association and is running 5G innovation projects with major operators including China Mobile, NTT DOCOMO, Korea Telecom, SK Telecom, Deutsche Telekom, Vodafone and Verizon Wireless.
At 5G World, Nokia demonstrated the first end-to-end 5G network running on commercial platforms, underlining its momentum in bringing 5G to commercial reality.
According to an IHS Global Service Provider Survey in August 2016, Nokia Is perceived as the top vendor in 5G research and development.
Buy? Don't Buy? Your decision! From my point of view, the company is headed in the right direction. From your point of view, it is circling the drain. Both opinions, and both are accepted here. Difference is I only reposted a published article...you posted CE...based on another stock? This board is for FTE. Appreciate your concern, and thanks for the warning. I will wait to see what next Quarterly posts before I buy any more, or before I sell. Good Luck Scott!
Price Target $1.50
NEW YORK, NY / November 28, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on FTE Networks, Inc. (OTCQX: FTNW).
The report is available here: FTNW November Update Note.
Based in Naples, FL, FTE Networks Inc. (OTCQX: FTNW, "FTE Networks") is a provider of network infrastructure services and solutions. The company has nearly a decade of experience providing end to end network infrastructure solutions for Tier 1 and Tier 2 communications service providers, government agencies, OEMs, and network infrastructure providers. FTE Networks is focused on helping customers build smarter networks, which are more capable of handling the increasing complexity and bandwidth needs of services provided over wireless and wired data networks. FTE is led by a seasoned leadership team with deep experience at industry technology leaders such as Zayo, Level3, and Qwest, among others.
Investment Highlights
On November 21, 2016, FTE Networks filed its 10-Q for 3Q16 results and provided an update with investors and stakeholders, with highlights as follows:
3Q16 consolidated revenues were $3.8mn, versus $4.0mn in 3Q15. Telecommunications revenue grew by 119% YoY as the company shifted away from legacy staffing revenues.
Core profit metrics improved as gross margins expanded to 37% versus 14% in 3Q16 and FTE generated positive operating margins.
FTE issued bullish guidance for 2017, forecasting revenues of $55mn, which would imply robust growth over our 2016 estimate of $16.4mn.
3Q16 results provide glimpse into improving profitability
The turnaround at FTE Networks has benefited from a transition to recurring high margin telecom infrastructure contracts while shedding low-margin staffing deals. With telecom revenues rising by 119% YoY and comprising all of the company's revenues in the quarter, 3Q16 provided some insight into the core profitability at FTE following the turnaround at the company. During the quarter, gross margins more than doubled YoY to reach 37% from 14% in 3Q15. FTE also generated positive operating profit of $0.03mn, or 0.7% of revenue - a figure we expect to grow with scale. Indeed, 3Q16 results give us confidence that FTE will be able to meet or perhaps exceed our estimates for 2017E, when FTE should benefit from operating leverage, more recurring telecom revenues and improved visibility from several large contracts.
Bullish guidance supported by large pipeline
FTE followed several large recent contract announcements by issuing bullish topline guidance for 2017. Management sees revenues coming in at $55mn, which would imply powerful annual growth versus our 2016 estimate of $16.4mn. Growth is anticipated to come from managed network infrastructure services, and is supported by a large pipeline. Indeed, FTE Networks last reported a three-year pipeline of $166mn, and is in the process of launching an innovative new Managed Network Services platform, which will carry more attractive contract terms marked by recurring revenues and high incremental margins.
Raising target to $1.50 on improving profitability
We are raising our price target to $1.50 at this time. 3Q16 results demonstrated that FTE can generate operating profit, and guidance issued by management was slightly above our estimates, leaving us optimistic heading into year end.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, and Wireless Integration, Network Engineering, Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. www.ftenet.com.
About SeeThruEquity
Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.
SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry's most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.
For more information visit www.seethruequity.com.
FTE Networks is getting started on its fiber and network-building mission targeting Fortune 500 companies.
By Laura Layden of the Naples Daily News
A North Naples company is part of a race to expand fiber around the country.
Called FTE Networks Inc., the company's three initials stand for "Fiber to Everywhere," but you'll only know that if you ask one of its executives. The meaning of FTE isn't shared on the company's website or in its logo.
"Do we put it anywhere? No it's kind of one of those secret club things. I don't have a tattoo yet, but we will see what happens," quipped Michael Palleschi, the company's CEO and chairman.
While FTE's executives have decades of experience in the telecommunications industry building data centers and expanding fiber and broadband Internet connections, the business itself is just getting started on its fiber and network-building mission.
In June 2013, Beacon Enterprises Solutions Group Inc., a shell company with no assets based in Louisville, Kentucky, completed a reverse merger with Focus Venture Partners Inc. in Naples and rebranded itself as FTE Networks. The company has since been recapitalized and repositioned as public again.
In December, FTE started trading on the pink sheets in the over-the-counter market, where penny stocks are listed.
The company, headquartered at the Fifth Third Center, off Vanderbilt Beach Road near U.S. 41 N., has offices around the country and in Dublin, Ireland. It has nearly 300 employees, about a third of whom are based here.
To make room for growth, FTE moved from a 3,000-square-foot office to a 13,000-square-foot one at the end of last year.
"We will probably hire another 40 to 50 employees here in Naples this year. That is our goal," Palleschi said.
FTE targets Fortune 500 companies operating in four industry segments: data center infrastructure, fiber optics, wireless integration, and surveillance and security. Its clients are kept confidential, but they're household names. Think AT&T and Verizon, which may or may not be FTE's customers, Palleschi said.
With the growing demand for mobile data, communications and entertainment, providers are struggling to deliver enough bandwidth and running out of cell tower and data center capacity.
With traditional companies and some new players investing billions in the fiber space, it creates a huge opportunity for FTE, which is already working on fiber to home deployments for multiple customers from coast to coast, Palleschi said.
Carriers are in a race to get their fiber to homes, or wherever it's going, first as they look to win market share. Google has even gotten into the super fast Internet access game with Google Fiber.
"It's really a land grab. Whoever gets there first is going to get the business," Palleschi said.
FTE recently landed two big contracts, setting it up for "hyper growth" in 2016 and 2017. Those deals are:
A multiyear contract with a leading telecommunications carrier valued at more than $45 million. FTE will expand the carrier's fiber to the home offering and will open new offices in Texas and Oklahoma and expand its offices in Kansas and Missouri to carry out the job.
A multimillion-dollar, multiyear strategic alliance with Plano, Texas-based Edge Communications. FTE will work on a multistate network expansion project valued at up to $100 million over the next three years, providing engineering, management and outside plant infrastructure services. Work began in February in four cities in Iowa, Missouri and Georgia.
Such an alliance with Edge is a significant development for FTE, said Carlie Ancor, the company's chief technology officer.
"Not only does it help us expand into four important markets, it solidifies our strategic growth plan. To be in alignment with a high-caliber company like Edge, it demonstrates our ability to cultivate strong relationships based on our quality of work, management and experience," he said.
Here are some staggering statistics FTE shared in its first letter to shareholders:
Spending on fiber deployments is expected to top $100 billion in the next five to seven years in the U.S.
Global data center traffic will nearly triple from 2015-18, with a combined annual growth rate of 23 percent.
LTE upgrades account for 37 percent of all service providers' capital expenditures in the U.S., with an estimated cost of $7 billion to $10 billion over the next three years to improve wireless broadband speeds.
FTE can help design, build, manage and maintain networks for its clients. "We like to do a lot of the work ourselves so we can control, set and manage expectations," Palleschi said.
One of the company's greatest strengths, he said, is the clients' ability to talk directly to FTE's top executives, something that larger competitors usually don't offer.
Industry veterans, Palleschi and Ancor met while working for Level 3 Communications, a global network company. They and others on their executive team got involved in the telecommunications industry following the forced breakup of AT&T in 1984, which resulted in a surge of competition.
"We definitely have a lot of experience in the industry as well as strong relationships with the heavy hitters," said Sarah Winner, FTE's vice president of marketing and communications.
The company, well beyond the startup phase, had $14.4 million in revenues last year. It's on track to become profitable in the second half of this year.
Becoming a public company was key in FTE's expansion strategy because it provided a quick way to get the money it needed to do big projects and it helps attract employees because they can share in the ownership. It also creates an exit strategy for investors.
"Let me be completely honest; it's about building a business that you would be proud of and you would have some type of equity in," Palleschi said.
On March 10 the company announced its board and a majority of its shareholders approved a reverse stock split and an increase in the count of authorized shares from 70 million to 200 million. With the split, every 20 shares of the company's issued and outstanding common stock will be automatically converted into one, with no change in the par value per share.
Over the past year, the company's stock price has ranged from less than a penny to 7 cents a share. "We expect to gain broader access to the institutional investment community as we continue to expand our business in a strategic and accretive fashion," Palleschi said. "Our new capital structure will provide the availability of common stock necessary for our future fundraising efforts, enabling us to become a more diversified network infrastructure services company."
FTE is working toward a listing on Nasdaq.
Not going to argue what Septembers Quarterly report had shown...
However, I think they are moving in the right direction...this article says major contract started in November, so I'll wait to see what next quarter report shows...maybe the profitability they have been talking about....CEO has been saying all along "Profittable in 2nd half of 2016...and here we are???
SeeThruEquity Issues Update on FTE Networks, Inc. (FTNW)
NEW YORK, NY / ACCESSWIRE / November 23, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on FTE Networks, Inc. (FTNW).
The report is available here: FTNW November Update Note.
Based in Naples, FL, FTE Networks, Inc. (OTCQX: FTNW, "FTE Networks") is a provider of network infrastructure services and solutions. The company has nearly a decade of experience providing end to end network infrastructure solutions for Tier 1 and Tier 2 communications service providers, government agencies, OEMs, and network infrastructure providers. FTE Networks is focused on helping customers build smarter networks, which are more capable of handling the increasing complexity and bandwidth needs of services provided over wireless and wired data networks. FTE is led by a seasoned leadership team with deep experience at industry technology leaders such as Zayo, Level3, and Qwest, among others.
Investment Highlights
On November 17, 2016, FTE Networks announced a significant new infrastructure deal in New York, with highlights as follows:
FTE Networks was awarded a $1.2mn contract with a leading broadband communications company for MDUs in NYC
The contract is the first project of what the company estimates to be a $10mn opportunity over the next 12 months
The opportunity is incremental to LTE's last publicly stated backlog of $55mn and a $166mn pipeline over the next three years.
New deal reflects continued sales execution
We were pleased to see FTE Networks announced a new award of a $1.2mn contract for a communications service provider in the competitive New York market. The deal is intended to be the first stage in a project intended to bring advanced network infrastructure services to multi-dwelling units (MDUs) in New York. Management has highlighted the sale of new network infrastructure services as a key strategic goal for the company, and therefore we view the announcement as supporting progress and execution in this area. Importantly, the initial $1.2mn contract is the first step in what management anticipates is a $10mn opportunity for FTE over the next 12 months.
Several catalysts on the horizon for FTE
We see several potential catalysts ahead for FTE Networks in coming months. The company's significant backlog of $55mn and $166mn three-year pipeline suggests robust growth over the next 1-3 years, versus to estimated revenues of $16.4mn in 2016E. Additionally, the company is in the midst of raising its position on the industry value chain with the introduction of innovative new Managed Network Services platform, which carry more attractive contract terms marked by recurring revenues and high incremental margins. On the corporate development front, management has stated that it is seeking to uplist shares to a national exchange, which, if successful, would elevate its prestige in the industry and potentially make accessible institutional investors who may be interested in the company but are restricted from investing in OTC markets.
Maintain $1.20 price target at this time
We are maintaining our price target of $1.20 at this time. We will review our estimates and forecast following the release of 3Q16 results and guidance
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, and Wireless Integration, Network Engineering, Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. www.ftenet.com.
About SeeThruEquity
Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.
SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry's most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.
For more information visit www.seethruequity.com.
Contact:
SeeThruEquity
info@seethruequity.com
SOURCE: SeeThruEquity
FTE Networks Achieves Operating Profitability, Increases Telecom Revenue by 119% for the Third Quarter 2016
Company Reiterates $55 Million Guidance for 2017
NAPLES, FL--(Marketwired - November 22, 2016) - FTE Networks, Inc. (FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider to the technology and communications service provider industries, provided a business update for the third quarter ending September 30, 2016.
Third Quarter 2016 Highlights:
Telecommunications revenue increased 119% to $3.8 million compared to the same period last year
Gross profit increased 159% to $1.4 million compared to the same period last year
Gross margin improved to 37% compared to 14% for the same period last year
Achieved positive income from operations for the third quarter of 2016
$55 Million revenue guidance for 2017
Awarded contract valued up to $12 million by a global telecommunications company over the next 12 months to support a fiber network
Signed a services agreement with a competitive local exchange carrier (CLEC) to expand fiber infrastructure services in the East and Midwest regions
Launched new network service platform powered by Compute-to-the-Edge
2016: A Successful Turnaround
"FTE has continued its upward trajectory by increasing telecom revenue by 119% to $3.8 million compared to the same period last year, and a total revenue increase of 17% quarter over quarter," stated Mr. Michael Palleschi, Chairman and Chief Executive Officer of FTE Networks. "Our growth was due to management's continued focus on expanding our high margin, recurring infrastructure services revenues reflecting the deliberate shift away from our legacy staffing business. We've improved gross margins quarter over quarter with a 23% increase during the same period last year. As a result, we have achieved positive income from operations, a major turning point for our company. We anticipate that we will finish the year strong and continue incremental growth quarter over quarter throughout 2017 and beyond. We also continue to add new contracts and expand into new markets, in order to support our revenue guidance of $55 million for 2017."
Mr. David Lethem, Chief Financial Officer of FTE Networks, added, "Our strategy to target high-margin, recurring lines of business combined with an aggressive cost-cutting campaign served as catalysts to achieving operating profitability. Going forward, we will continue to pursue accretive growth opportunities through mergers and acquisitions designed to solidify our position as a leader in the infrastructure solutions business segments, as well as accelerate the launch of our new Managed Services platform."
Looking Ahead to a New Phase of Growth: Meeting the New Data Curve
Mr. Palleschi, continued, "The past few years have been a time of dramatic technological change for our industry with the explosive growth of data usage powered by video and new technologies, such as augmented reality, that are causing significant strain on the capacity of today's networks. To drive the next generation of our business and capitalize on expertise of designing and building networks, in September we announced a first-in-kind managed network services platform powered by compute-to-the-edge. The new platform, designed to address constrained network capacity and high latency associated with current network infrastructure, provides customers with future modernization capabilities, multiple ways to create and monetize new services, and control of the network to directly influence customer satisfaction."
The first pillar of this new managed services platform will be tailored for the REIT and developer market, enabling a real-time connected experience for residents, employees and visitors. The platform is purpose-designed to provide a base infrastructure for "smart building" conversion, including the automation of building management systems, such as HVAC and utilities, while supporting new applications and IoT devices that require extremely low latency and reliable network availability. FTE plans to introduce a similar edge computing service for the commercial data market in 2017.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information, please visit: www.ftenet.com.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of FTE. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTE's current expectations and beliefs concerning future developments and their potential effects on FTE. There is no assurance that future developments affecting FTE will be those anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
This is way ove sold, and is a relatively low flat stock with a low share count. The CEO has been very adamant about wanting to uplift to a major Exchange, and I honestly think it will be possible once they close out a couple of these contracts and show the profitability. Only time will tell, but it has a better chance than most penny stocks! Thee should be more updates coming from the project started in November as well.
Good Luck Everyone!
FTE Networks is getting started on its fiber and network-building mission targeting Fortune 500 companies.
By Laura Layden of the Naples Daily News
A North Naples company is part of a race to expand fiber around the country.
Called FTE Networks Inc., the company's three initials stand for "Fiber to Everywhere," but you'll only know that if you ask one of its executives. The meaning of FTE isn't shared on the company's website or in its logo.
"Do we put it anywhere? No it's kind of one of those secret club things. I don't have a tattoo yet, but we will see what happens," quipped Michael Palleschi, the company's CEO and chairman.
While FTE's executives have decades of experience in the telecommunications industry building data centers and expanding fiber and broadband Internet connections, the business itself is just getting started on its fiber and network-building mission.
In June 2013, Beacon Enterprises Solutions Group Inc., a shell company with no assets based in Louisville, Kentucky, completed a reverse merger with Focus Venture Partners Inc. in Naples and rebranded itself as FTE Networks. The company has since been recapitalized and repositioned as public again.
In December, FTE started trading on the pink sheets in the over-the-counter market, where penny stocks are listed.
The company, headquartered at the Fifth Third Center, off Vanderbilt Beach Road near U.S. 41 N., has offices around the country and in Dublin, Ireland. It has nearly 300 employees, about a third of whom are based here.
To make room for growth, FTE moved from a 3,000-square-foot office to a 13,000-square-foot one at the end of last year.
"We will probably hire another 40 to 50 employees here in Naples this year. That is our goal," Palleschi said.
FTE targets Fortune 500 companies operating in four industry segments: data center infrastructure, fiber optics, wireless integration, and surveillance and security. Its clients are kept confidential, but they're household names. Think AT&T and Verizon, which may or may not be FTE's customers, Palleschi said.
With the growing demand for mobile data, communications and entertainment, providers are struggling to deliver enough bandwidth and running out of cell tower and data center capacity.
With traditional companies and some new players investing billions in the fiber space, it creates a huge opportunity for FTE, which is already working on fiber to home deployments for multiple customers from coast to coast, Palleschi said.
Carriers are in a race to get their fiber to homes, or wherever it's going, first as they look to win market share. Google has even gotten into the super fast Internet access game with Google Fiber.
"It's really a land grab. Whoever gets there first is going to get the business," Palleschi said.
FTE recently landed two big contracts, setting it up for "hyper growth" in 2016 and 2017. Those deals are:
A multiyear contract with a leading telecommunications carrier valued at more than $45 million. FTE will expand the carrier's fiber to the home offering and will open new offices in Texas and Oklahoma and expand its offices in Kansas and Missouri to carry out the job.
A multimillion-dollar, multiyear strategic alliance with Plano, Texas-based Edge Communications. FTE will work on a multistate network expansion project valued at up to $100 million over the next three years, providing engineering, management and outside plant infrastructure services. Work began in February in four cities in Iowa, Missouri and Georgia.
Such an alliance with Edge is a significant development for FTE, said Carlie Ancor, the company's chief technology officer.
"Not only does it help us expand into four important markets, it solidifies our strategic growth plan. To be in alignment with a high-caliber company like Edge, it demonstrates our ability to cultivate strong relationships based on our quality of work, management and experience," he said.
Here are some staggering statistics FTE shared in its first letter to shareholders:
Spending on fiber deployments is expected to top $100 billion in the next five to seven years in the U.S.
Global data center traffic will nearly triple from 2015-18, with a combined annual growth rate of 23 percent.
LTE upgrades account for 37 percent of all service providers' capital expenditures in the U.S., with an estimated cost of $7 billion to $10 billion over the next three years to improve wireless broadband speeds.
FTE can help design, build, manage and maintain networks for its clients. "We like to do a lot of the work ourselves so we can control, set and manage expectations," Palleschi said.
One of the company's greatest strengths, he said, is the clients' ability to talk directly to FTE's top executives, something that larger competitors usually don't offer.
Industry veterans, Palleschi and Ancor met while working for Level 3 Communications, a global network company. They and others on their executive team got involved in the telecommunications industry following the forced breakup of AT&T in 1984, which resulted in a surge of competition.
"We definitely have a lot of experience in the industry as well as strong relationships with the heavy hitters," said Sarah Winner, FTE's vice president of marketing and communications.
The company, well beyond the startup phase, had $14.4 million in revenues last year. It's on track to become profitable in the second half of this year.
Becoming a public company was key in FTE's expansion strategy because it provided a quick way to get the money it needed to do big projects and it helps attract employees because they can share in the ownership. It also creates an exit strategy for investors.
"Let me be completely honest; it's about building a business that you would be proud of and you would have some type of equity in," Palleschi said.
On March 10 the company announced its board and a majority of its shareholders approved a reverse stock split and an increase in the count of authorized shares from 70 million to 200 million. With the split, every 20 shares of the company's issued and outstanding common stock will be automatically converted into one, with no change in the par value per share.
Over the past year, the company's stock price has ranged from less than a penny to 7 cents a share. "We expect to gain broader access to the institutional investment community as we continue to expand our business in a strategic and accretive fashion," Palleschi said. "Our new capital structure will provide the availability of common stock necessary for our future fundraising efforts, enabling us to become a more diversified network infrastructure services company."
FTE is working toward a listing on Nasdaq.
And here I thought a T-Trade was when the market a maker equalized out all their buys or sells for the day and converted it into one final trade typically right after markets closed...guess that's what I get for doing my due diligence. Lol
Good Luck no matter how you trade!
Total manipulation on this stock...dumping at .30 when buys are steadily coming in over .40. MMS playing serious games here!
Not that many shares available for a huge dump. Many shares are owned by the company, and although they could use the cash I am sure...they just made a 3 million dollar offering, so they don't have a need to dilute right now. Probably just some retailer getting tired of holding. I'll continue to hold mine because I truly believe good things are just around the corner on this one. Good luck everyone!
The increase in volume here is going to garnish more attention. I would love to see this company get their stuff together and move up to one of the bigger exchanges where the real money would arrive. The pps right now looks too good to be true. I'll keep accumulating where I can and look for that $1.20 price target!
Really can't say? I had an order in to pick up another 5000 shares at .50, and it filled at .42? So it appears that the market makers are playing some games on this one. I am confident that the PPS will soon start rising. There are too many good things going on behind the scenes with this small company. I can't wait to see what is new in the Quarterly which should be out next week now.
Best of luck swampboots!
Quarterly being submitted late could be a good thing as well. Taking the extra time to ensure all the new contract information is being accurately reported! Should be released now on the 20th...I'm looking forward to good things!
Best of Luck Fats!
Nokia Corporation to repurchase own shares in line with its capital structure optimization program
Nokia Corporation
Stock Exchange Release
November 15, 2016 at 09:05 (CET +1)
Nokia Corporation to repurchase own shares in line with its capital structure optimization program
Espoo, Finland — In line with the EUR 7 billion capital structure optimization program announced earlier, the Nokia Board of Directors has resolved to commence a share repurchase program (the “Program”) under the authorization granted by the Nokia Annual General Meeting on June 16, 2016 (the “AGM”).
The Board has resolved to repurchase a maximum of 575 million Nokia shares up to an equivalent of EUR 1 billion.
The shares may be repurchased by way of a directed repurchase from sellers in marketplaces where the rules allow companies to trade with their own shares. The purchase price will be based on the current market price of Nokia shares in such marketplaces. The volumes to be repurchased may not exceed 25% of the daily average volume of the shares on the marketplace where the purchase is carried out. The daily average volume is based on the daily average volume traded during the month preceding the month of this disclosure.
Under the Program the shares may be repurchased for the purposes of either optimizing the capital structure of Nokia by way of reducing the number of the shares of the company or for the purposes of meeting obligations arising from share-based incentive plans for employees of Nokia or of its associated companies.
The repurchases will commence at the earliest after Nokia’s Capital Markets Day organized on November 15, 2016. The Program and the current authorization granted by the AGM are valid until December 16, 2017.
About Nokia
Nokia is a global leader in creating the technologies at the heart of our connected world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry’s most complete, end-to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. www.nokia.com
Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
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Nokia to provide Korea Rail Network Authority with world's first LTE-R network to support high-speed railway operations
GlobeNewswire•November 14, 2016
Espoo, Finland, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Press Release
Project part of modernization of line connecting Wonju and Gangneung in preparation for Korea hosting a major international sporting event in 2018
KRNA to deploy LTE-R technology for modernization of communications network supporting mission-critical services, such as signaling at speeds of up to 250 km/h
14 November, 2016
Espoo, Finland - Nokia has been selected by the Korea Rail Network Authority (KRNA) as a supplier for the world's first LTE-R mobile broadband network to support railway operations and employee services. The network will be deployed on a railway line between Wonju and Gangneung as part of preparations for the major international sporting event being hosted by the country in 2018. KRNA is responsible for the development and maintenance of railway infrastructure in South Korea as well as a number of other countries.
The communications network for KRNA will be based on LTE-R technology, a version of 4G LTE technology that is being developed to meet the mission-critical service requirements of railway operators. The network will support both operational and maintenance services on a high-speed commercial railway line operating at speeds of up to 250 km/h.
KRNA's LTE-R network will provide secure, reliable, high-speed connectivity between trains, stations and other railway facilities between Wonju and Gangneung. The network will also be designed to interoperate with other LTE networks supporting public safety and maritime operations as well as legacy VHS (very high frequency) and TRS (trunked radio system) radio networks. This project is intended to serve as a model for future LTE-R deployments, and help further define LTE-R standardization efforts.
For this project, Nokia will supply radio access network (RAN) base stations (eNodeBs) along with Nokia NetAct(TM), the first major virtualized network management software for mobile networks. NetAct delivers best-in-class applications for the railway operations and employee services management of KRNA. It also delivers advanced assurance capabilities as part of Nokia's comprehensive, multi-domain Service Assurance program, which provides closed-loop automation to drive greater network agility and optimization. Nokia systems integration and deployment services will help to establish the new LTE-R network.
Andrew Cope, head of Korea at Nokia, said: "South Korea has been a world leader in the use of mobile broadband technology to make public services of all kinds safer, more efficient and reliable. With a thirty-year history in the delivery of GSM-R mobile networking technology for railways, and as a pioneer in the development of LTE-R solutions, we are pleased to partner with KRNA to bring these cutting edge capabilities to the country as they prepare to host one of the world's premier sporting events."
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It certainly looks promising here with roughly 50M shares issued and about half those held by the company. This thing could get moving in a hurry once positive financials are released. I'm sitting on about 10K myself just to see what happens here. Maybe seethru equity knows something with their $1.20 predictions. Guess we will know in a few more days when financials are released! Hopefully some of those contracts have been fulfilled and the company shows some cash received! Contracts awarded for the next three years are going to be lucrative!
Good luck Buzz Trader!
dtac picks Nokia to revamp end-to-end transport and IP core network to prepare for Carrier SDN
Nokia (NYSE:NOK)
Today : Thursday 10 November 2016
dtac, part of the Telenor Group and the second largest mobile operator in Thailand, has selected the flagship products in Nokia's IP/Optical portfolio to bolster its backbone network, becoming the first mobile operator in Thailand to implement a software-defined network (SDN)-ready IP/Optical network. The network will eventually deliver ultra-broadband mobile access to more than 40 percent of Thailand's population.
The number of mobile subscribers in Thailand is increasing rapidly, stimulating greater demand for advanced networks to support surging data consumption. dtac needed a core network to handle the increased data demand, but also with the open interfaces and the programmability necessary to support a migration to SDN.
Nokia products, including the 7950 Extensible Routing System (XRS) and the 1830 Photonic Service Switch (PSS), will replace dtac's existing IP core routing and Dense Wave Division Multiplexing (DWDM) infrastructure to provide the capacity and capabilities required to efficiently address growth in demand, and lay the foundation for an SDN infrastructure. The deployment also includes Nokia's security gateway for dtac's LTE network. Combined, these platforms ensure that dtac is well positioned to meet customer bandwidth requirements into the future while improving network flexibility and reliability.
Prathet Tankuranun, Chief Technology Officer, Total Access Communication PLC (dtac), said: "Over the last two years we've seen demand for mobile broadband grow exponentially. As we prepare for future advanced technologies we've made a strategic choice for an SDN-ready IP/Optical network because it gives us the control and agility needed to run an efficient network that can rapidly adjust to evolving demand patterns. This deployment with Nokia is an important next step in our migration towards full SDN automation."
Sebastien Laurent, head of Nokia Thailand, said: "Deploying Nokia's end-to-end IP/DWDM Core solution provides the foundation for an SDN-centric network and will allow dtac to implement on-demand services while also easing operation and maintenance demands. Deploying this technology will make dtac the first carrier in Thailand positioned to implement carrier SDN in preparation for the cloud era."
Key Facts:
The Nokia 7950 XRS supports open interfaces that SDN WAN controllers can use to program the network through mechanisms such as OpenFlow, NETCONF/YANG, PCE-P or BGP/LS.
The Nokia 1830 PSS brings programmability to optical transport with the agility of touchless CDC-F wavelength routing and the world's first truly programmable coherent interface, the Photonic Service Engine 2 with Super Coherent technology.
dtac is also deploying Nokia's Wavelength Routing Engine GMPLS (Generalized Multiprotocol Label Switching) Control Plane at the optical layer to provide automated network operation with the highest level of service protection for maximum reliability.
Also included in the 1830 PSS is an integrated optical time-domain reflectometry (OTDR) card which provides enhanced troubleshooting capabilities.
Resources:
Video: Nokia PSE-2: The heart of the network for today and the future Video
Web page : 1830 Photonic Service Switch
Web page : Optical Networking
Web page: 7950 Extensible Routing System
Web page: IP Core Routing
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With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://nokia.com
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Tiny cube to replace mobile phone towers
Alcatel-Lucent's new lightRadio aims to replace bulky infrastructure with a handheld box. The company says the cube will use half of the energy of existing towers and base stations and will be "disruptive."
lightRadio cube
Alcatel-Lucent hopes that this lightRadio cube will replace mobile towers
If a French telecom company has its way, your mobile phone service might soon get a lot better.
At a company event on Monday, Alcatel-Lucent revealed a new device intended to replace all base stations and mobile phone towers. It's a handheld, energy-efficient device called the lightRadio.
"It's a disruptive new way of implementing mobile networks," said Haran Sold, Alcatel-Lucent's chief strategist, in an interview with Deutsche Welle.
"If you look at the coming five years, the demand for mobile data will grow 30-fold," he added. "We will not be able, as an industry, to supply the demand that people want to have. With this growth of data, a new approach is needed."
The new device is a six-centimeter cube, roughly the size of a Rubik's Cube, and supports all worldwide current bands and mobile standards, including GSM and CDMA. Sold added that five operators - including France Telecom's Orange, Verizon Wireless in the United States and China Mobile - would be among the first to test the lightRadio later this year.
The company claims that the lightRadio will reduce energy costs and the carbon footprint of mobile networks by over 50 percent.
"That's the equivalent of taking eight million cars off the road," Sold said.
A potential 'game changer'
lightRadio cube
Five mobile operators around the world will be testing the lightRadio cube in 2011
Given that the device was only just presented this week, few in the industry have been able to independently verify Alcatel's claims, but many are intrigued.
"If it actually can perform to the specifications given by the company, it would be a game changer for the wireless infrastructure industry," said Earl Lum, head of telecom gear industry research firm EJL Wireless, in an interview with Reuters.
Initially, the devices are meant to replace existing towers - Haran Sold, the Alcatel-Lucent executive, said that 12 to 18 cubes could be used to replace an average tower. They can also be used as a local repeater, or signal booster. That means individual consumers may eventually be able to install them in their homes or offices as a way to boost cell signal.
Sold declined to speculate on how much a single cube would cost mobile companies or general consumers.
However, he said that the lightRadio's small size would make it possible to use it in areas where there is poor service, or high demand, like an airport, train station, or convention center.
The device could potentially allow consumers to sell Internet capacity back to mobile providers. The lightRadio only requires an electricity outlet and a connection to the Internet.
"The mobile operators are looking for agility and elasticity," Sold said. "It can fundamentally change the basic dynamics of how this industry works."
Author: Cyrus Farivar (Reuters)
Editor: Saroja Coelho
Patten Energy Group Solutions, Inc.
Robert Rosinski, President /CEO
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email: rob@atl-pac.com
Fresh Nokia Corp (ADR) (NOK) D1C Android Smartphones Images Surface Online
Fresh Nokia D1C Android Smartphones Images Surface Online
Published By: Ken Bock on November 7, 2016 10:24 am EST
Nokia Corporation's (NYSE:NOK) comeback to the smartphone industry for the first time since the reversal of the amalgamation into Microsoft Corporation (NASDAQ:MSFT) as part of its deal has been tipped to be marked by the launch of Nokia D1C, more images of which have now leaked online. Rumors of an Android smartphone from Nokia have been circulating for some time now, with some specs or images surfacing every now and then to remind us all that Nokia is not yet down and out.
The same has happened again today with images surfacing on Chinese microblogging site Weibo, that were found first by AndroidPure, and which effectively confirmed that Nokia D1C is not a tablet computing device but a smartphone.
That smartphone has been spotted in three different colors namely White, Black, and Gold. A physical navigation button is visible at the front with volume buttons and SIM tray at the sides. Moreover, what seems like an exclusive feature in the Gold version, a fingerprint scanner at the back of the phone alongside the rear camera and LED flash could also be seen in the renders posted by AndroidPure.
As previously seen on GeekBench and AnTuTu, Nokia D1C is reported to sport a 5-inch FullHD display with 3GB RAM, Snapdragon 430, 13MP rear camera, and running the latest Android 7.0 Nougat OS out of the box. The rumored release period is mid-2017, or according to The Countr
Nokia’s comeback to the smartphone for the first time since the reversal of the amalgamation into Microsoft as part of their deal has been tipped to be marked by the launch of Nokia D1C, more images of which have now leaked online.
Rumors of an Android smartphone from Nokia have been circulating for some time now, with some specs or images surfacing every now and then to remind us all that Nokia is not yet down and out. The same has happened again today with images surfacing on Chines microblogging site Weibo, that were found first by AndroidPure, and which effectively confirmed that Nokia D1C is not a tablet computing device but a smartphone.
That smartphone has been spotted in three different colors namely White, Black, and Gold. A physical navigation button is visible at the front with volume buttons and SIM tray at the sides. Moreover, what seems like an exclusive feature in the Gold version, a fingerprint scanner at the back of the phone alongside the rear camera and LED flash could also be seen in the renders posted by AndroidPure.
Sounds like a plan! I look for a rise in PPS over the next month or two. I'm looking for about 8.35 to meet my goals of doubling up this year. With the current price, the PPS IS a gift to get a 20-30% rise in investment easy. Good Luck Ernie!
Although I agree that the price of this stock should start going up, I really don't see how the election will change that. Thempotential is here to move from the OTC and onward to the AMEX, or NASDAQ rather quickly if they play their cards right and stay away from dirty financing. Could start covering the markets quite well and take business away from the big boys too. But again, they have to play their cards right!
Hopefully good news in the next Quarterly, and a bright future ahead for this small company!
Good luck everyone!
Time to start that climb back to the $6.00 range.
"Daddy needs a new pair of shoes!"
Good Luck Ernie!
Nokia enhances mission-critical LTE public safety portfolio with launch of Nokia Group Communications
Date : 11/07/2016 @ 3:14AM
Source : GlobeNewswire Inc.
Nokia is expanding its range of LTE-based public safety solutions with the launch of the Nokia Group Communications portfolio, which will enable first responder teams to securely communicate through new applications such as instant video connectivity alongside traditional push-to-talk features on a single device, to enhance operations and safety.
Within the Nokia Group Communications portfolio, Nokia has pre-integrated applications onto a range of devices to meet the high-quality, high-security demands of public safety agencies around the globe. Fast call set-up times will allow groups of field workers and command controllers to share live video feeds with each other to enhance their knowledge and ability to react in any situation.
Compatibility with 3G and Wi-Fi® networks ensures high service availability even if there is no LTE network coverage. Nokia Group Communications can be used with the Nokia Compact Network, the rapidly deployable solution which allows first responders to quickly deploy a private network in emergency situations.
The Nokia Group Communications portfolio is fully aligned with 3GPP, ready for mission critical push-to-talk standards. This ensures compatibility with future standards releases as well any devices being made available on the market in the future, allowing public safety operators to protect their investment. It also ensures easy integration with any LTE network.
Nokia Group Communications features
High-capacity platform supports real-time push-to-video for 1,000 active users and 20,000 push-to-talk active users per single server with the ability to scale. Software license is offered on a pay-as-you-grow basis.
Dispatch consoles incorporate voice, video and mobile CCTV features.
Push-to-talk/push-to-video features are pre-integrated within a compelling range of secured and certified devices supporting a wide range of LTE frequencies.
Aligned with 3GPP standards, ready for mission critical push-to-talk and push-to-video standards.
Fast call set up with latency below 300 milliseconds
Secured communications with end-to-end encryption at the application layer.
Thomas Lynch, Director for Security and Critical Communications Research at I.H.S. Markit said: "LTE provides new opportunities for the public safety market and as more agencies leverage mobile network technologies Nokia, as a market leader in LTE, is in a strong position to take advantage thanks to its growing and extensive portfolio. With the company's latest addition - the Nokia Group Communications - it is moving this portfolio to another level, adding an end-to-end encryption layer to deliver the high-level security demanded by public safety markets around the world. And by being fully aligned with 3GPP standards the portfolio allows a smooth evolution to MC-PTT standards and can operate with any vendor's LTE network."
Henri Tallon, Head of Public Sector at Nokia, said: "Nokia Group Communications further bolsters our comprehensive public safety offer with capabilities that will help first responders react more effectively in a crisis. With new applications like push-to-video, fully standards-ready, we can ensure public safety teams are better informed of a situation and therefore enhance safety and security for all concerned."
Did you know
Earlier this year Nokia was identified as 'number one vendor of LTE public safety technology' in a global study of 100 operators by Current Analysis
Nokia is matching the high-availability, security and quality needs of public safety agencies with a comprehensive portfolio of technology solutions, applications and network management and services expertise
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Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://nokia.com
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Unfortunately it looks like they are causing a lot of stop losses to kick in as well. Too much selling down at these levels is hard to recover the $2.00 that we are down. I would really like to see the short squeeze take effect and get this RSI headed back in the right direction...Way oversold!
Quarterly should be out next Tuesday, the 15th.
SCAMarantus is finally going belly up?
Lost a lot on this one...
Hopefully GC feels true dishonor for running his father's dream 6 feet under! Great Job!
(FTNW) with a 12 month price target of $1.20.
Common stock; 200,000,000 shares authorized and 61,232,969 issued and outstanding at June 30, 2016!
According to most recent Quarterly!
FTNW Networks $3.00 Million Fundraising. David Lethem Filed Nov 3 Form D
Technology Fte Networks, Inc. - David Lethem
Fte Networks Financing
Fte Networks, Inc., Corporation just released form D for $3.00 million equity financing. The date of first sale was 2016-09-08. Fte Networks was able to fundraise $3.00 million. That is 100.00% of the financing round. The total financing amount was $3.00 million. The offering form was filed on 2016-11-03. The reason for the financing was: N/A. The fundraising still has about $1 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fte Networks is based in Florida. The company’s business is Other Technology. The D form was submitted by David Lethem Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 999 Vanderbilt Beach Road, Suite 601, Naples, Fl, Florida, 34108. Michael Palleschi is the related person in the form and it has address: 999 Vanderbilt Beach Road, Suite 601, Naples, Fl, Florida, 34108. Link to Fte Networks Filing: 000149315216014492.
Analysis of Fte Networks Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Fte Networks sold 100.00% of the offering. The financing is still open. Could this mean that the trust in Fte Networks is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $10000.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Fte Networks Also
The Form D signed by David Lethem might help Fte Networks, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
SeeThruEquity Initiates Coverage on FTE Networks, Inc. (OTCQX: FTNW) with a Price Target of $1.20
NEW YORK, NY / ACCESSWIRE / November 3, 2016 / SeeThruEquity, the leading independent equity research firm focused on smallcap and microcap public companies, today announced it has initiated coverage on FTE Networks, Inc. (FTNW) with a 12 month price target of $1.20.
The report is available here: FTNW Initiation Report.
We initiate coverage on FTE Networks Inc. (OTCQX: FTNW, "FTE Networks") with a price target of $1.20. FTE Networks is an established company in the communications industry, with nearly a decade of experience providing end-to-end network infrastructure solutions for Tier 1 and Tier 2 communications service providers, government agencies, OEMs, and network infrastructure providers. The company's solutions are focused on helping customers build smarter networks, which are more capable of handling the increasing complexity and bandwidth requirements of services provided via wireless and wired data. Based in Naples, FL, FTE is led by a seasoned leadership team with deep experience at telecom and technology leaders such as Zayo, Level3, Qwest and Nexius, among others. The company appears to be experiencing strong demand in its core fiber infrastructure business, and is also evolving up-market with an innovative platform of Managed Network Services, which are designed to take a data center computing methodology and push it to the network's edge.
In our view, FTE Networks represents an attractively valued small capitalization growth opportunity in technology sector. Indeed, shares trade at a steep discount to CommTech industry peers, despite improving visibility on revenues and EBITDA following several new large fiber infrastructure contract awards. At the recent closing price of $0.46, FTE Networks traded at an EV/ Revenue multiple of just 0.9x our 2017E estimates – and the company's enterprise value is just 29% of the value of its three-year contracted backlog. We see several catalysts ahead for FTE Networks, as revenues begin to ramp in 2H16E and 2017E from approximately $170mn in new contracts awards, positioning the company to benefit from operating leverage with guidance for positive EBITDA going forward. On the corporate development front, the company has stated its intention to uplist shares to a national exchange, likely the Nasdaq CM, which would serve to increase the company's prestige in the industry and likely grant access to institutional investors who are restricted from investing in OTCQX-listed shares.
Highlights from the report include:
Experienced player poised to benefit from industry technology shift
FTE Networks is an established fiber infrastructure solutions provider, having provided end-to-end solutions for numerous Tier-1 and Tier-2 customers in the communications service provider space, including more than 25,000 rack and stack integrations and the construction of more than 7,000 miles of fiber. The company is positioned to benefit from the robust growth in demand for internet bandwidth over wired and wireless connections, driven by the increasing proliferation of internet-enabled devices, growing penetration of cloud computing and virtualization, and rising popularity of bandwidth-hungry applications such as mobile video. Indeed, according to Cisco's Visual Networking Index for 2015 – 2020, global IP traffic will surpass the zettabyte level in 2016, and will increase by approximately 3x over the next five years, growing at a CAGR of 22% from 2015 to 2020E. This growth has strained networks in bandwidth and performance, creating an opportunity for FTE to benefit from what could be a multi-year upgrade cycle.
Recent news shows growth accelerating; positive EBITDA to follow
We have been impressed by the size and pace of the new contract announcements coming out of FTE in 2016. On October 28, 2016, while announcing a new win at a competitive local exchange carrier (CLEC), FTE management announced that the cumulative backlog for deals over the next three years had reached $170mn. The backlog level suggests a sharp jump in revenues beginning in 2017E, as management stated that the company should reach $55mn in annualized revenues by year-end – implying more than 200% growth over the company's 2016E outlook of $16-$18mn. Important, too, considering the company's relatively weak balance sheet, is management's outlook for EBITDA to turn positive in 2H16, and expand in 2017E as revenues grow, and gross profit dollars from new business flow through to EBITDA.
Initiate coverage with a price target of $1.20
We see FTE Networks as undervalued when considering its $170mn deal pipeline relative to its market capitalization of $37.3mn – particularly given management's guidance that the company would begin to generate EBITDA in 2H16E. Moreover, FTE Networks should have strong visibility in its core business, lowering risk, as these deals represent 3-year contracts. The target of $1.20 represents potential upside of 160.9% from the recent price of $0.46.
Please review important disclosures at www.seethruequity.com.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information, please visit: www.ftenet.com.
About SeeThruEquity
Maybe they could announce jumping on the marijuana bandwagon like everyone else?
Anything at this point!
Good Luck!
Looks like that lack of mid week news caused a little panic. As soon as something new is posted, they will come running back again.
I hear you fats, and here's to hoping the next Q has a little meat in it, and even meatier to follow. The reorganization was huge, and the company is moving in the right direction. As long as they get new contracts, and stay away from dirty financing, this could be back into dollars by springtime. Bring on the paid contracts!
Good Luck!
FTE Networks Unveils New Service Platform Powered by Compute to the Edge for REITs & DevelopersNew Platform Designed to Enable
Date : 11/02/2016 @ 9:00AM
FTE Networks Unveils New Service Platform Powered by
Compute to the Edge for REITs & Developers
New Platform Designed to Enable Intelligent Campus
NAPLES, Fla.--(November 2, 2016 -- InvestorsHub NewsWire --) - FTE Networks, Inc. (OTCQX:FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider to the technology and communications service provider industries, today announced the introduction its multi-edge computing platform for REITs and developers that enables a fully integrated, real-time, connected experience for residents, employees and visitors.
"Cloud-based applications, augmented reality, asset tracking, security, targeted marketing, building system management, data analytics, and in-store or office experience continue to push the network needs of the REIT developer, said, Lynn Martin, COO of FTE Networks. To meet demands of the innovative, state-of-the-art campus, an advanced network service platform is required that enables new and future technologies, and provides unlimited service creation opportunities and an annuity-based revenue model.
The new FTE integrated network and cloud platform meets the buying requirements for REITs in terms of its cost, agility, and network performance by embracing an open source operating model and integrating network, compute and storage to the edge. With the FTE Networks platform, REITs and developers are provided with a base infrastructure for Smart Building conversion to automate building management systems (e.g., HVAC, Utilities, etc.) and support the new applications and IoT devices that require extremely low latency and high network availability. Additionally, tenant value-add is achieved with rapid new product and service creation that provide opportunities for rent premiums and annuity revenues, along with greater tenant satisfaction with wireless services due to enhanced network performance.
The emerging market for edge computing is expected to expand rapidly. Research firm Global Information Inc., recently noted that the mobile edge computing market alone represents an over $80B opportunity by 2021.
FTE Networks has a prototype now available with live lab and commercial edge data center environments expected to begin in early 2017.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five (5) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information, please visit: www.ftenet.com.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of FTE. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTE's current expectations and beliefs concerning future developments and their potential effects on FTE. There is no assurance that future developments affecting FTE will be those anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy, CCO & IR
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
ftnw@crescendo-ir.com