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Tag: Sonim Technologies Inc.

  • What Is Driving SONM Stock Up In Premarket Tradings?

    What Is Driving SONM Stock Up In Premarket Tradings?

    As of last check, shares of Sonim Technologies Inc. (SONM) were trading up 7.29% at $0.4785 in the premarket session today. Sonim stock closed Friday session at $0.45 with a gain of 0.52%. For the past 50 days, Sonim stock has averaged 7.4 million shares daily, which was higher than its trading volume of 3.95 million shares on the day.

    Furthermore, SONM’s current market value stands at $29.70 million, and its outstanding shares stand at 66.32 million. When there is no current news about the company, the price of SONM stock increases, so there may be some reason to think that recent developments will provide additional information.

    How has SONM been doing recently?

    Sonim provides ultra-rugged mobile solutions for task workers physically engaged in their workspaces, often in mission-critical roles. SONM is a leading US supplier of these portable solutions. As a result of the SONM solution, workers are provided with ultra-rugged mobile phones, industrial accessories, and data and workflow applications that will help them be more productive, communicate more effectively and work safely.

    Sonim announced a rugged tablet, the RT80, designed for industrial, public safety, and field service workers.

    • RT80’s sunlight-readable 8-inch screen is glove-friendly, and its high-capacity battery is designed for multi-shift work.
    • SONM recently introduced the RS80 and RS60 SmartScanners, and the RT80 rugged tablet can be paired with its SmartScanners to enhance customers’ industrial workflow needs.
    • In comparison to consumer tablets, the SONM RT80 is purpose-built to withstand the rigors of the workplace.
    • Consumer tablets, by their nature, suffer increased downtime due to being unable to handle the rigors of any business environment.
    • Users looking for a fully rugged Android device at an affordable price should consider the Sonim RT80, which features a large screen, lightweight design and excellent battery life.
    • This rugged SONM device is the perfect addition to any IoT suite, SmartCity or SmartFactory deployment where workers require a device that can access and process IoT data easily and quickly.
    • The RT80 is available across North America, UK, Europe and other regions via SONM’s distribution and reseller network.

    SONM’s other achievements:

    Sonim (SONM) recently won awards with a leading US carrier for two of its next-generation ultra-rugged phones, expected to launch by 2022 with a smartphone 5G capability and enhanced PTT capabilities. SONM did not provide any financial details of the contract. Based on the specifications, features, and cost information provided by SONM as part of the Request for Proposal, the carriers were awarded design wins.

  • 15 Best Communication Equipment Industry Stocks You Should Add In Your Portfolio

    15 Best Communication Equipment Industry Stocks You Should Add In Your Portfolio

    The Communication Equipment industry is engaged in the making of telecommunication equipment for various companies. This industry is involved in the manufacturing of those products which facilitates the people and helps them to communicate with each other. This industry has a diverse customer base. Competition between the companies in the communication equipment industry is intense. Communication Equipment Industry has experienced a period of healthy growth in the recent few years. However, the condition changed in 2020.

    The demand oof communication equipment continuously increasing this year as an ongoing pandemic forced people to stay at home and work from home. So, the demand for communication equipment also increasing in 2020. Companies in this industry are offering television (TV) signal encoding, transcoding, digital transport, and broadband product solutions, and some companies are involved in the selling of Internet Protocol-based networking and other products related to the communications and information technology industry.

    Here are the top 15 companies in the Communication Equipment Industry that need your attention:

    Blonder Tongue Laboratories Inc. (AMEX: BDR)

    Blonder Tongue Laboratories Inc. (AMEX: BDR) shares were trading up 34.04% at $1.50 at the time of writing on Tuesday. Blonder Tongue Laboratories Inc. (AMEX: BDR) share price went from a low point around $0.38 to briefly over $3.80 in the past 52 weeks, though shares have since pulled back to $1.50.

    This company has announced that the US Patent and Trademark Office (USPTO) has issued a patent, US10,805,660, for certain technologies within Blonder Tongue’s DOCSIS Data (DMM) series of products. BDR market cap has remained high, hitting $13.22M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Cisco Systems Inc. (NASDAQ: CSCO)

    Cisco Systems Inc. (NASDAQ: CSCO) last closed at $39.81, in a 52-week range of $32.40 to $50.28. Analysts have a consensus price target of $48.17. Cisco Systems Inc. (CSCO), Qwilt, and Digital Alpha (DA) revealed earlier that how together they are disrupting the commercial Content Delivery Network (CDN) market with a new as-a-service offering based on Open Caching, with BT as the flagship customer.

    Nokia Corporation (NYSE: NOK)

    Nokia Corporation (NYSE: NOK) stock soar by 0.25% to $4.04. The most recent rating by Raymond James, on September 08, 2020, is at an Mkt perform. Nokia Corporation (NOK) and Spark New Zealand has announced the launch of 5G in Auckland. Powered by Nokia, Spark’s 5G radio network goes live to coincide with a major international sailing event. NOK market cap has remained high, hitting $22.15 Billion at the time of writing.

    Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC)

    Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) shares headed falling, lower as much as -1.20% after Invitation to media and analyst briefing for Ericsson Q3 2020 report. The most recent rating by Cowen, on March 30, 2020, is at an Outperform. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) market capitalization has remained high, hitting $35.75 billion at the time of writing.

    Hewlett Packard Enterprise Company (NYSE: HPE)

    Hewlett Packard Enterprise Company (NYSE: HPE) fall -1.51% after losing more than -$0.15 on Tuesday. The Edge Opportunity Is Real, Yet Organizations Cite Hurdles to Unlocking Its Full Potential. Hewlett Packard Enterprise Company (HPE) earlier revealed that it is delivering the highest level of security for a growing number of U.S. federal and public sector customers that prefer U.S. sourced products with verifiable cyber assurance by expanding and further securing its supply chain.

    CommScope Holding Company Inc. (COMM)

    CommScope Holding Company Inc. (COMM) last closed at $8.98, in a 52-week range of $5.50 to $15.79. CommScope High-Density Remote PHY Shelf Selected by Comcast for Distributed Access Architecture Transformation. Analysts have a consensus price target of $13.21. CommScope Holding Company Inc. (COMM) has moved up 63.27% from its 52-weeks low and moved down -43.13% from its 52-weeks high. COMM market capitalization has remained high, hitting $1.82 billion at the time of writing.

    Sonim Technologies Inc. (SONM)

    Sonim Technologies Inc. (SONM) stock drop by -2.47% to $0.67 after New Sonim SOS App Delivers Powerful Safety-First Capabilities to Ultra-Rugged Devices. The most recent rating by Oppenheimer, on October 31, 2019, is at a Perform. Sonim Technologies Inc. (SONM) has moved up 33.64% from its 52-weeks low and moved down -82.95% from its 52-weeks high. SONM market capitalization has remained high, hitting $44.94 Million at the time of writing.

    Viavi Solutions Inc. (NASDAQ: VIAV)

    Viavi Solutions Inc. (NASDAQ: VIAV) shares headed falling, lower as much as -3.19%. The most recent rating by JP Morgan, on June 01, 2020, is at an Overweight. Viavi Solutions Inc. (VIAV) is scheduled to announce its fiscal first quarter 2021 financial results for the period ended October 3, 2020, on Thursday, November 5, 2020, after the close of market.

    Juniper Networks Inc. (NYSE: JNPR)

    Juniper Networks Inc. (NYSE: JNPR) fall -1.28% after losing more than -$0.29 on Tuesday. Juniper Networks Inc. (JNPR) announced today that it has been selected by Telefónica Spain, a leading global service provider, to secure the mobile backhaul of its growing 5G network. This company has a total market capitalization of $7.40 billion at the time of writing.

    Ciena Corporation (NYSE: CIEN)

    Ciena Corporation (NYSE: CIEN) last closed at $41.68, in a 52-week range of $30.58 to $61.51. Analysts have a consensus price target of $53.06. Ciena Corporation (CIEN) has moved up 36.30% from its 52-weeks low and moved down -32.24% from its 52-weeks high. CIEN market capitalization has remained high, hitting $6.33 Billion at the time of writing.

    Knowles Corporation (NYSE: KN)

    Knowles Corporation (NYSE: KN) Shares headed falling, lower as much as -0.91% after Knowles Announces Preliminary Third Quarter 2020 Revenue Above High End of Guidance Range and Sets Date for Q3 Earnings Call. The most recent rating by Craig Hallum, on September 04, 2020, is at a Buy.

    Maxar Technologies Inc. (NYSE: MAXR)

    Maxar Technologies Inc. (NYSE: MAXR) stock soar by 3.69% to $29.80 after Genasys Inc. Announces Record Fiscal Year Domestic Law Enforcement Sales. The most recent rating by TD Securities, on August 06, 2020, is at a Buy. Maxar Technologies Inc. (MAXR) has a current ratio of 0.90.  It has a total market capitalization of $1.80 billion at the time of writing.

    Boxlight Corporation (NASDAQ: BOXL)

    Boxlight Corporation (NASDAQ: BOXL) stock drop by -1.18% to $1.68. The most recent rating by National Securities, on May 19, 2020, is at a Buy. Boxlight Corporation (BOXL) has earlier announced the acquisition of Sahara Presentation Systems PLC, a leader in distributed and manufactured AV solutions. The total purchase price was GBP 74,000,000 (approximately USD 94,900,000) in the form of GBP 52,000,000 (approximately USD 66,700,000) cash and GBP 22,000,000 (approximately USD 28,200,000) preferred stock.

    Inseego Corp. (NASDAQ: INSG)

    Inseego Corp. (NASDAQ: INSG) fall -1.06% after losing more than -$0.1 on Tuesday. Inseego Corp. (INSG) revealed that its Board of Directors approved an increase in the number of authorized directors on the Board from five to six and named Christopher Lytle to the Board to fill the newly created directorship, effective October 1, 2020.

    Vislink Technologies Inc. (NASDAQ: VISL)

    Vislink Technologies Inc. (NASDAQ: VISL) last closed at $1.38, in a 52-week range of $0.66 to $8.94. Vislink Technologies Inc. (VISL) revealed earlier the retainment of KCSA Strategic Communications (KCSA) to develop comprehensive strategic communications and investor-focused program to increase awareness of Vislink and communicate its mission of reliable connectivity to its stakeholders and the marketplace.