Semtech Confirms the Acquisition of Sierra Wireless for $1.2 Billion.
Sierra Wireless (NASDAQ:SWIR) will be acquired by Semtech (NASDAQ:SMTC) for $31 per share in cash. This gives Sierra Wireless an enterprise value of $1.2 billion. The $31 offer represents a roughly 25% premium above Sierra ... [Read]
Intelsat Stock Sinks After FCC Denies Bigger Payout
Intelsat stock is sinking today after the Federal Communications Commission voted 3-2 in favor of a plan to pay satellite companies to give up airwaves so they can be redeployed for the rollout of 5G. ... [Read]
TRUE Stock Tanks After Mixed Earnings and Loss of Key Client
TRUE stock is tanking this week after online car-shopping service TrueCar (NASDAQ:TRUE) posted mixed earnings and lost one of its biggest clients in the USAA Federal Savings Bank. Q4 Earnings a Mixed Bag TrueCar, an online platform ... [Read]
Intelsat Stock Soars as Appaloosa Snaps Up Major Stake
Intelsat stock is soaring this week after hedge fund Appaloosa LP, headed by billionaire investor David Tepper, snapped up almost three million shares in the satellite maker and issued a fighting response to the FCC’s ... [Read]
Intelsat Stock Sinks as Senate Introduces Final C-Band Auction Bill
Shares in satellite communication firm Intelsat (NYSE:I) are tanking today after the US Senate introduced the final draft of the C-Band auction bill, which would cap satellite incentive payments at US$1 billion were it to ... [Read]
MNI Stock Rockets 388% After Announcing Pension Deal
MNI stock is the biggest gainer on Thursday and jumped 388% after McClatchy Co (NYSE:MNI) announced the signing of a Standstill Agreement with the Pension Benefit Guaranty Corporation (PBGC). The company had skipped a $12 ... [Read]
GLUU Stock Tumbles 50% from Highs: Will It Recover in 2020?
Back in April this year, mobile and tablet games developer Glu Mobile Inc. (NASDAQ:GLUU) had hit as much as $11.75 a share; however, since then, GLUU stock has nosedived due to a drop in sales. ... [Read]
CASA Stock Hits New Low After Posting an Unexpected Q3 Loss
CASA stock is taking a hit this morning after Casa Systems Inc (NASDAQ:CASA) reported an unexpected loss in its third quarter. During this earnings season, the financial results of many tech firms have been in ... [Read]
HEAR Stock: Turtle Beach is Rising, So is There a Good Time to Buy?
Tech stocks don’t come more volatile than Turtle Beach (NASDAQ:HEAR). The gaming headset maker has taken investors on an incredible rollercoaster ride plotted with sudden rises and falls. Is there ever a good time to ... [Read]
INSG Stock: Inseego Stock Shows Promise Amidst a Volatile Year
Shares of IoT solutions provider Inseego (NASDAQ:INSG) are currently selling for $5.13 USD on the NASDAQ exchange. Shares have been volatile year-to-date in 2019, with highs of $5.87 and lows of $4.24. At present, INSG ... [Read]