FTE Networks (FTNW) Set to Announce Earnings on Wednesday
Posted by Joyce Ramirez on May 7th, 2018 // No Comments
FTE Networks (NYSEAMERICAN:FTNW) will be posting its quarterly earnings results after the market closes on Wednesday, May 9th.
NYSEAMERICAN:FTNW opened at $14.51 on Monday. FTE Networks has a twelve month low of $5.90 and a twelve month high of $26.25.
FTE Networks Company Profile
FTE Networks, Inc, together with its subsidiaries, operates as an international networking infrastructure solutions company in the United States and internationally. The company operates through Telecommunications and Staffing segments. It designs, builds, and supports telecommunications and technology systems, and provides infrastructure services.
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Hopefully they have another CC and this time offer the chance to ask questions. They need to show that they have the guts to run the gauntlet if they want the stock to move up.
If they raised a material amount of cash via an equity raise it would probably be via a public offering at this point, so as to avoid the haircut that you typically need to take when you do a private offering. To do a public offering you first need to file an S1 or S3 with the SEC.
Great to see them getting back out on the investment conference circuit. This story will resonate well in those venues I believe. Hopefully their 1Q was devoid of any material "special charges" as what happened in the prior quarter. It will be interesting to see if they increase 2018 guidance now that they have gone through a third of the year and they got a bunch of new contracts.
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