Towerstream Corp. (TWER) Announces Quarterly Results
Towerstream Corp. (NASDAQ:TWER) released its earnings data on Monday. The company reported ($0.10) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.10), AnalystRatingsNetwork reports. The company had revenue of $8.27 million for the quarter, compared to the consensus estimate of $8.97 million.
Shares of Towerstream Corp. (NASDAQ:TWER) traded down 1.85% on Monday, hitting $1.59. 395,048 shares of the company’s stock traded hands. Towerstream Corp. has a 1-year low of $1.45 and a 1-year high of $3.36. The stock has a 50-day moving average of $1.69 and a 200-day moving average of $2.07. The company’s market cap is $105.6 million.
On the ratings front, analysts at HC Wainwright initiated coverage on shares of Towerstream Corp. in a research note on Monday, June 30th. They set a “neutral” rating on the stock.
Towerstream Corporation (NASDAQ:TWER) provides broadband services to commercial customers and delivers access over a wireless network transmitting over both regulated and unregulated radio spectrum.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.