STOCKS TELEGRAPH

Tag: Kratos

  • Kratos (KTOS) Stock Price Has Not Reacted To Insider Sales

    Kratos (KTOS) Stock Price Has Not Reacted To Insider Sales

    On the US chart, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) concluded Thursday’s trading almost unchanged. Kratos shares ended the session at $20.59, down only 0.10%. Even after insider selling, KTOS shares stabilized.

    Steven S. Fendley, President of Kratos’ US Division, sold 7,000 shares of KTOS, according to information disclosed in an SEC filing released yesterday. With total revenues of $142,798 the executive completed the deal at a price of $20.40 per share.

    Recent developments at KTOS have been keeping the stock price higher despite insider selling. At the inaugural DIFI Plugfest, where satellite solution vendors gathered to test the interoperability of their Digital IF technologies, Kratos (KTOS) recently showed 100% interoperability success.

    The Digital IF Interoperability (DIFI) Consortium is an autonomous worldwide consortium of businesses, associations, and governmental bodies interested in ensuring that satellite ground system equipment is interoperable. It was established under the IEEE’s sponsorship.

    With the help of the Digital IF/RF standard, the industry is expected to transition more quickly from stovepiped, hardware-based systems to fully digital software-defined networks. “Plugfests” are gatherings when suppliers evaluate each other’s software and electrical equipment compatibility according to a technical standard.

    In this first DIFI Plugfest, seven equipment manufacturers took part, with Kratos offering the most devices tested. In order to mainstream satellite networks into the global communications infrastructure, Kratos is spearheading the effort to develop solutions that are standards-based and interoperable.

    The success of Kratos products across the board at DIFI’s Plugfest event was indicative of such leadership. Using its quantum, SpectralNet, and OpenSpace products, Kratos is constructing a digital future that will provide more efficient, adaptable, and reasonably priced satellite services to all corners of the globe.

    The cornerstone of Kratos’ continuous endeavor to facilitate the integrating of satellite services and ensure that satellite ground systems function flawlessly with today’s wireless and terrestrial networks is the adoption of the DIFI standard across a broad range of ground system products.

  • Triterras, Inc. (TRIT) Stock on the Rise as it Continues Expansion of Network of Strategic Partners

    Triterras, Inc. (TRIT) stock prices were up 6.32% as of the market close on July 21st, 2021, bringing the price per share up to USD$5.55 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 7.57%, bringing it up to USD$5.97.

    Collaboration with essDOCS

    July 22nd, 2021 saw the leading fintech company for trade and trade finance company announce its collaboration with essDOCS, a global trade management company that prides itself on its paperless operation. The agreement will facilitate the acceleration of the use of digital trade documents for the company’s global community of commodity traders. Aiming to make bulk cargo trading paperless and more efficient, essDOCS allows traders to digitize trade operations and finance processes regardless of cargo type.

    Details of the Agreement

    This is the latest in a string of moves by TRIT to foster growth as it builds out end-to-end services for its online marketplace, which is designed to connect and enable SME businesses, corporates, multinationals, and their lenders to trade online and digitally finance their commodity trading, logistics operations, and supply chains. As per the arrangement, the company will immediately integrate essDOCS’ Cargodocs electronic document capabilities onto Kratos. This will allow the company’s customers to create, review, and approve a paper or electronic bills of lading (eB/L) with their supply chain.

    Increased Visibility

    With the onset of the global coronavirus pandemic having exacerbated shipping costs and delays, there has been increasing awareness on the advantages of fully digitized trading operations. Trade stockholders using essDOCS’ CargoDocs solution, the world’s largest electronic Bill of Lading network, will be able to transfer the eB/L through the trade chain. Transfers can be made between carriers, exporters, financing parties, and importers in as little as three minutes.

    Recent Partnerships

    May 2021 saw the company announce its strategic investment and partnership with Electronic Cash and Payment Solutions, an open banking platform catering to India’s burgeoning Micro and SME marketplace. The series of partnerships have significantly expanded the company’s global footprint with its penetration of the Indian MSME marketplace. The company also recently announced its acquisition of Invoice Bazaar and its partnership with Western Union Business Solutions.

    Future Outlook for TRIT

    Armed with the latest in a growing network of strategic collaborations, TRIT is poised to capitalize on the expanded scope of opportunities made available to it. The company is keen to continue its trajectory of success by further facilitating expansion in its network of partners. Investors are hopeful that management will be able to facilitate significant and sustained increases in shareholder value.