STOCKS TELEGRAPH

Tag: connectivity

  • Cango Inc. (CANG) Stock Trending Lower Despite Promising Outlook of EV Sector as 5G Technology Gains Steam

    Despite endorsing the EV boom, Cango Inc. (CANG) stock prices were down 6.17% as of the market closing on July 23rd, 2021, bringing the price per share down to USD$4.41 at the end of the trading day. Subsequent premarket fluctuations saw the stock fall by another 0.45%, bringing it down to USD$4.39.

    History of Automotive Industry

    July 23rd, 2021 saw CANG stock issues its latest bi-monthly publishing about the automotive industry’s status quo, CANGO Auto View, which contained an article that divided the industry’s most recent 100-year history into four developmental stages. The first era resulted in luxury car brands that by now have developed an illustrious history; the second marked the industrialization of the assembly line and global proliferation of manufacturers, and the third era saw Toyota focus on the leanness from its predecessor era and address an energy crisis. The fourth and current era marks the rise of electric vehicles, focused on electrification, intelligence, connectivity, and shared mobility.

    CANG stock link with 5G Technology

    As 3G technology resulted in the rise of the PC Internet era, 4G resulted in the mobile Internet wave. The automotive industry will be at the forefront of the array of industries that 5G is set to revolutionize. 5G technology is under continuous development and is repeatedly hitting new milestones. The automotive industry is also motivated to push for the transition from traditional automotive to electric and non-fossil fuel vehicles.

    Scope of 5G Technology

    CANG stock expects the costs of single data unit transmission to be cut down substantially as a result of 5G technology powering a massively increased network capacity. Given how electric vehicles demonstrate a superiority over traditional models in terms of intelligence development, such as with short latency, the deployment of 5G technology is generating expectations of increased intelligence of new energy vehicles.

    EV Sector in China

    China is the largest market for the electrification of vehicles, with both government and consumer clients having a great need for environmental protection and air quality improvement. The country also owns the largest number of Internet of Vehicles companies, signaling their consumers’ high acceptance of the Internet. With the supply of related developers and engineers, the applicability of the Internet in the automotive industry is being explored.

    Future Outlook for CANG Stock

    Its most recent issue of CANGO Auto View does well to shed light on the promising scope of the effect of 5G technology on the automotive industry. The electric vehicle industry is set to explode following the proliferation of 5G as the new standard for connectivity. Investors are hopeful that management will continue to leverage the available resources to facilitate worthwhile increases in shareholder value.

  • Cuentas, Inc. (CUEN) Stock Soars Following Definite Agreement Between Cuentas and WaveMax

    Cuentas, Inc. (CUEN) stock prices were up 18.82% as of the market opening on July 22nd, 2021, bringing the price per share up to USD$4.23 early on in the trading day.

    Agreement with Wavemax

    July 22nd, 2021 saw the company announce having signed an exclusive, definitive JV agreement to rollout WaveMax’s SharedWiFi6 patented technology in 1000 locations. The rollout will commence from the New York City Metropolitan Area, with 500 locations in NYC, 330 in New Jersey, and 170 in Connecticut, with additional rollouts planned throughout the rest of the United States. The collaborative partners will execute a 50/50 joint venture to install advanced WiFi6 Access Points and Small Cells across the 1000 Bodega Stores.

    Implementing WaveMax Tech

    The stores will become CUEN’s premium locations that will be situated near public train stations and mass transit hubs, with the company’s products and services being offered on secure networks. The WiFi6 service is designed to enhance customer experiences with the Bodega stores with the automatic connecting of users with SharedWiFi high-speed internet, extending the reach of special in-store offers. Consumers at CUEN Points of Sale locations will also have access to promotions for the Cuentas GPR card and discounted products offered for sale through the company’s mobile app.

    CUEN’s Foray into Advertising

    The unique agreement will facilitate CUEN’s entry into the advertising ecosystem with its use of major brands to advertise the company’s offerings through mobile handsets. Furthermore, the company’s products and services will be available at a 50% discount for most favored nation pricing on their digital advertising platform.

    Advertising Ecosystem

    The company’s proprietary WaveMax’s SharedFi patented technology ensures the provision of a shared network of WiFi access points and small cells. Users will have access to the shared network and will have the option of being targeted by location-based advertising. The ads are configured by advertisers making use of WaveMax’s dashboards, which can manually or automatically target suitable demographics in an efficient manner.

    Future Outlook for CUEN

    Armed with the proliferation of its WaveMax technology and its rollout agreement, CUEN is poised to massively expand the scope of its market footprint. Keen to increase accessibility and market penetration, CUEN is confident in its ability to continue its trajectory of success. Investors are hopeful that management will persist in the effective management of company resources to usher in organic growth over the long term.

  • AeroVironment, Inc. (AVAV) Stock Continues Downward Trend Following Disclosure of Q4 2021 Financial Report

    AeroVironment, Inc. (AVAV) Stock Continues Downward Trend Following Disclosure of Q4 2021 Financial Report

    AeroVironment, Inc. (AVAV) stock prices were down by 0.76% as of the market closing on June 29th, 2021, bringing the price per share down to USD$109.87 at the end of the trading day. After hours trading  saw the stock dip by another 4.43%, bringing it up to USD$105.00.

    Revenue Reports

    The company reported revenues for the fourth quarter of fiscal 2021 amounting to USD$136 million, up from the USD$135.2 million reported for the same time period of the prior fiscal year. The difference is largely attributable to a USD$15.8 million increase in revenue of the company’s Medium Unmanned Aircraft Systems (MUAS), as a result of the acquisition of Arcturus UAV in February of 2021.

    Partial Offsetting of Revenue

    The year-over-year increase in revenue was offset by a USD$15 million decrease in revenue of AVAV’s Unmanned Aircraft Systems (UAS) segment. This, in turn, was a result of a USD$14.2 million reduction in service revenue, as well as a decrease in product sales amounting to USD$0.8 million. The UAS segment consists of s the company’s existing small UAS, tactical missile systems and HAPS product lines, as well as the recently acquired Progeny Systems Corp’s Intelligent Systems Group (ISG).

    Gross Margins

    Gross margin for the fourth quarter of fiscal 2021 was reported at USD$59.7 million, up 12% from the USD$ 53.2 million reported for the prior year quarter. This difference was largely driven by a USD$8.8 million increase in product margin, while being partially offset by a USD$2.3 million reduction in service margin. Gross margins as a percentage increased fomr 39% to 44% over the course of the time period. This increase was primarily attributable to a favorable product and services mix.

    Income from Operations

    Q4 2021 income from operations was reported at USD$17.8 million, a USD$3.5 million decrease from the USD$21.3 million reported for Q4 2020. This difference is primarily driven by an increase in SG&A expenses in the amount of USD$8.5 million, as well as R&D costs having increased by USD$1.5 million. These increases were partially offset by a USD$6.5 million increase in gross margin. The increase in SG&A expenses was largely due to USD$3.3 million in acquisition-related expenses associated with the acquisitions of Arcturus UAV, ISG, and Telerob GmbH.

    Future Outlook for AVAV

    Armed with its recent string of potentially massively beneficial acquisitions, AVAV is poised to capitalize on the opportunities afforded to it as a result of its collaborations. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.