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Tech Stocks Highlights! Hewlett Packard Enterprise Co (HPE), Towerstream (TWER)

Shares of Hewlett Packard Enterprise Co (NYSE:HPE) ended Monday session in red amid volatile trading. The shares closed down -0.10 points or -0.44% at $22.65 with 11.69 million shares getting traded. Post opening the session at $22.59, the shares hit an intraday low of $22.55 and an intraday high of $22.83 and the price vacillated in this range throughout the day. The company has a market cap of $37.48 billion and the numbers of outstanding shares have been calculated to be 1.67 billion shares.

Samsung Electronics Co., Ltd. and Hewlett Packard Enterprise (HPE) announced a partnership that will provide carriers with integrated network functions virtualization (NFV) infrastructure and virtual network functions (VNF) solutions. This kind of collaboration is critical to both carriers and customers increasingly looking to implement pre-tested and integrated multi-vendor solutions based on an open architecture.

The new partnership brings together two best-in-class solutions, merging Samsung’s carrier network and HPE’s IT telecommunications expertise. Together, the solutions will help carriers accelerate their transformation from networks built on monolithic, proprietary appliances to more agile cloud-based networks enabled by NFV.

“Samsung is confident in maintaining its stance as a pioneer in delivering advanced technologies required to lead the next generation market, like open ecosystem based NFV,” said Woojune Kim, Vice President and Head of Strategy Group in Next Generation communication Team at Samsung Electronics. “We see profound potential on joining the HPE OpenNFV Partner Program to ensure a variety of choices for carriers in selecting NFV providers, along with the commercially-proven NFV solution we developed in 2015.”

Shares of Towerstream Corporation (NASDAQ:TWER) ended Monday session in red amid volatile trading. The shares closed down -0.01 points or -0.74% at $1.35 with 738,490.00 shares getting traded. Post opening the session at $1.38, the shares hit an intraday low of $1.31 and an intraday high of $1.45 and the price vacillated in this range throughout the day. The company has a market cap of $11.80 million and the numbers of outstanding shares have been calculated to be 7.64 million shares.

Towerstream Corporation (TWER) provided guidance for the quarter ending September 30, 2016.

  • Towerstream is on track to add 70 buildings to its On-Net footprint in Q3. This is a 70% increase over new building additions in Q2 and brings total On-Net buildings to 335 at the end of Q3.
  • This brings the total number of businesses in the Company’s On-Net buildings to over 10,000, up 30% from 7,700 at close of Q2.
  • The current On-Net building average monthly revenue is $1,102 and the current On-Net building penetration rate is 6%.

Management Comments

“There is a direct relationship in sales growth to the number of buildings On-Net,” stated Philip Urso, Interim Chief Executive Officer.

“Fixed-Wireless technology inherently provides a competitive advantage,” stated Arthur Giftakis, Chief Operating Officer. “The speed we can add buildings at our low cost gives us an unfair advantage over fiber and cable.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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