Diversified Communication Stocks: BlackBerry Ltd (NASDAQ:BBRY), Gogo Inc (NASDAQ:GOGO), Sky-mobi Ltd (ADR) (NASDAQ:MOBI), 8×8 (NASDAQ:EGHT), Towerstream Corporation (NASDAQ:TWER)

Posted by on Jun 20, 2014

BlackBerry Ltd (NASDAQ:BBRY) has posted 1Q2015 financial results. The struggling smartphone maker released financial performance for the three months trading period ended May 31. The results showed the company making compelling improvements especially with regards to cost controls as bottom line gained support despite decline in revenue for the quarter.BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 11.95%. On last trading day company shares ended up $9.09. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average is 20.48%.

In-flight Internet provider Gogo Inc (NASDAQ:GOGO) said Tuesday that it has reached agreements with several airlines that will allow it to test new satellite services that should greatly speed up download capacity.  Gogo Inc (NASDAQ:GOGO) shares advanced 0.34% in last trading session and ended the day on $18.95. GOOG Gross Margin is 47.90% and its return on assets is -23.70%. Gogo Inc (NASDAQ:GOGO) quarterly performance is -16.89%.

Sky-mobi Limited (“Sky-mobi” or the “Company”) (Nasdaq: MOBI), a leading mobile application platform in China, announced the sale of its 37.9% equity interest in Shanghai Fangcun Information Technology Co., Ltd. (“Fangcun”), a leading China-based mobile game developer, to Guangdong Alpha Animation and Culture Co., Ltd. (SZ:002292), a company listed on the Shenzhen Stock Exchange. The Company realized a capital gain of RMB56.4 million1 from this transaction. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) shares moved up 13.81% in last trading session and was closed at $8.16, while trading in range of $7.03-$8.30. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) year to date performance is 119.35%.

8×8 Solutions, the UK venture of 8×8, Inc. (NASDAQ:EGHT), on June 17, 2014 announced that the company was accepted as the Crown Commercial Services (CCS) supplier. The announcement is seen as a way to further drive the adoption of cloud-based unified communications solutions called Software as a Service (SaaS), in the public sector. 8×8, Inc. (NASDAQ:EGHT) ended the last trading day at $7.62. Company weekly volatility is calculated as 5.91% and price to cash ratio as 6.34. 8×8, Inc. (NASDAQ:EGHT) showed a positive weekly performance of 9.96%.

On May 29,2014 Towerstream Corporation (NASDAQ:TWER), a leading 4G and Small Cell Rooftop Tower company, announced a small cell services teaming agreement with Alcatel-Lucent (euronext paris:ALU) ALU -0.84% enabling a one-stop solution for carriers to deploy Small Cell wireless infrastructure. Towerstream Corporation (NASDAQ:TWER) net profit margin is -76.40% and weekly performance is 5.14%. On last trading day company shares ended up $1.84. Analysts mean target price for the company is $5.00. Towerstream Corporation (NASDAQ:TWER) distance from 50-day simple moving average is 0.73%.

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