Shares of Towerstream Corporation (NASDAQ:TWER) ended Thursday session in green amid volatile trading. The shares closed up +0.12 points or 5.45% at $2.32 with 291,451.00 shares getting traded. Post opening the session at $2.21, the shares hit an intraday low of $2.20 and an intraday high of $2.44 and the price vacillated in this range throughout the day. The company has a market cap of $10.95 million and the numbers of outstanding shares have been calculated to be 4.68 million shares.
Towerstream Corporation (TWER) on Aug. 09, 2016 announced results for the quarter ended June 30, 2016.
Q2 2016 Operating Highlights
- Adjusted EBITDA from continuing operations was $414K excluding non-recurring expenses.
- OnNet customers increased by 48% in Q2 over Q1. 71% of OnNet customers added in Q2 were secondary installs.
- Q2 Revenue increased 2% over Q1 to $6.9M, the Company’s first quarter over quarter increase since Q4 2013.
- Added 42 OnNet buildings in Q2 totaling 265 OnNet buildings at the end of Q2.
- Company increasing the forecast from 400 OnNet buildings to 440 OnNet buildings by year end.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Thursday session in green amid volatile trading. The shares closed up +0.40 points or 0.63% at $63.47 with 6.91 million shares getting traded. Post opening the session at $62.87, the shares hit an intraday low of $62.51 and an intraday high of $63.50 and the price vacillated in this range throughout the day. The company has a market cap of $93.73 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on Sept. 1, 2016 announced at IFA 2016 that its subsidiary, Qualcomm Technologies, Inc., is introducing two solutions for home entertainment, the QCA9379 combo chip with support for dual-stream Wi-Fi® 802.11ac and Bluetooth® 4.2, and a 4K Ultra HD media box reference platform using the flagship Qualcomm® Snapdragon™ 820 processor. Both solutions, designed to support interactive and engaging media experiences in upcoming streaming devices, set-top-boxes and smart TV products, extend the Company’s portfolio for home entertainment which also includes the CSR102x Bluetooth® Smart System-on-Chip (SoC) used in wireless remote controls and accessories.
The QCA9379 chip with integrated Wi-Fi and Bluetooth extends the Company’s portfolio of connectivity solutions for smart TVs and home entertainment devices. The combo chip features Bluetooth 4.2 with data length extensions to wirelessly connect with remote controls and gaming accessories, overcoming the line-of-sight limitations of traditional infrared remotes and enabling advanced functionality such as voice commands. The QCA9379 is designed to interoperate with Qualcomm Technologies’ Bluetooth Smart 4.2 SoC for remote controls and accessories, the CSR102x, delivering an end-to-end ecosystem solution that helps manufacturers rapidly develop easy-to-use, responsive home entertainment and gaming products with long battery life in accessories and optional support for voice.