Gogo Inc. (NASDAQ:GOGO), the front- running aircraft communications service-provider to the international aviation industry, has announced its fiscal results for the quarter that ended 31 March 2014. Gogo reported its record Q1 revenue of $95.7M, an increase of 35% year-over-year. Gogo Inc. (NASDAQ:GOGO) net profit margin is -46.10% and weekly performance is 22.43%. On last trading day company shares ended up $18.67. Analysts mean target price for the company is $22.00. Gogo Inc. (NASDAQ:GOGO) distance from 50-day simple moving average (SMA50) is 6.84%.
Small cell rooftop tower company, Towerstream Corporation (NASDAQ:TWER) has announced a small cell services teaming agreement with Alcatel-Lucent, enabling a one-stop offering for carriers to deploy small cell wireless infrastructure. The agreement, which leverages Towerstream’s fixed wireless and small cell assets, marketed under its HetNets Tower Corporation subsidiary, provides Alcatel-Lucent with access to locations and services, including high-capacity backhaul, power and mounting rights, to meet its customers technical needs. Towerstream Corporation (NASDAQ:TWER) shares advanced 9.60% in last trading session and ended the day on $1.94. TWER gross Margin is 35.00% and its return on assets is -29.90%.Towerstream Corporation (NASDAQ:TWER) quarterly performance is -26.24%.
On May 21, 2014, GTT Communications, Inc. (NYSEMKT:GTT) entered into an underwriting agreement with William Blair & Company, L.L.C., as representative of the several underwriters named in the Underwriting Agreement, pursuant to which the Representative agreed to act as lead underwriter in a public offering of 3,450,000 shares of the Company’s Common Stock, which includes 450,000 shares subject to an overallotment option that was exercised in full by the Underwriters. GTT Communications Inc. (NYSEMKT:GTT) shares moved up 11.15% in last trading session and was closed at $10.67, while trading in range of $9.80 – $10.67. GTT Communications Inc. (NYSEMKT:GTT) year to date (YTD) performance is 46.16%.
Voltari Corporation (NASDAQ:VLTC) announced that its 2014 annual meeting of stockholders (the “2014 Annual Meeting”) has been scheduled for July 28, 2014 in New York, NY. The record date for the 2014 Annual Meeting has been set as the close of business on June 16, 2014. Voltari Corp (NASDAQ:VLTC) ended the last trading day at $1.72. Company weekly volatility is calculated as 14.69% and price to cash ratio as 0.26.Voltari Corp (NASDAQ:VLTC) showed a negative weekly performance of -28.63%.