About Towerstream Corporation (OTCMKTS:TWER)
Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. Towerstream installs equipment on the rooftops of the buildings in which the Fixed Wireless segment customers operate and refer to these as Customer Locations. This equipment includes receivers and antennas, and a wireless connection is established between the Customer Location to one or more of its points of presence (PoPs). It provides fixed wireless broadband services to commercial customers and delivers access over a Wireless network transmitting over both regulated and unregulated radio spectrum. It provides services to business customers in various locations, including New York City, Boston, Chicago and Houston.
Industry, Sector and Symbol
Industry Diversified Communication Services
SectorComputer and Technology
SymbolOTCMKTS:TWERPrevious Symbol: OTCMKTS:TWERD
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$26.90 million
Price / Sales0.06
Price / CashN/A
Book Value($31.42) per share
Price / Book-0.14
Return on EquityN/A
Return on Assets-51.49%
Frequently Asked Questions for Towerstream Corporation (OTCMKTS:TWER)
What is Towerstream Corporation's stock symbol?
Towerstream Corporation trades on the OTCMKTS under the ticker symbol "TWER."
When did Towerstream Corporation's stock split? How did Towerstream Corporation's stock split work?
Shares of Towerstream Corporation reverse split on Friday, September 29th 2017. The 1-75 reverse split was announced on Thursday, September 28th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, September 28th 2017. An investor that had 100 shares of Towerstream Corporation stock prior to the reverse split would have 1 shares after the split.
How were Towerstream Corporation's earnings last quarter?
Towerstream Corporation (OTCMKTS:TWER) posted its quarterly earnings data on Friday, August, 11th. The technology company reported ($18.00) EPS for the quarter. The technology company had revenue of $6.50 million for the quarter. View Towerstream Corporation's Earnings History.
When will Towerstream Corporation make its next earnings announcement?
Who are some of Towerstream Corporation's key competitors?
Some companies that are related to Towerstream Corporation include Crossroads Systems (CRDSQ), Iveda Solutions (IVDA), Function(x) (FNCX), Inventergy Global (INVT), Uni-Pixel (UNXLQ), Viewtran Group (VIEWF), Quadrant 4 System Corp (QFOR), Trimedyne (TMED), Violin Memory (VMEMQ), Directview Holdings (DIRV), Velti PLC (VELTF), Local Corp. (LOCMQ), TranSwitch Corp. (TXCCQ) and EarthLink Holdings Corp. (ELNK).
Who are Towerstream Corporation's key executives?
Towerstream Corporation's management team includes the folowing people:
- Philip J. Urso, Chairman of the Board (Age 57)
- Ernest Ortega, Chief Executive Officer
- Laura W. Thomas, Chief Financial Officer (Age 61)
- Arthur G. Giftakis, Chief Operating Officer (Age 50)
- Donald MacNeil, Director (Age 52)
- William J. Bush CPA, Independent Director (Age 52)
- Howard L. Haronian M.D., Independent Director (Age 55)
- Paul P. Koehler, Independent Director (Age 57)
Who owns Towerstream Corporation stock?
Towerstream Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
HONIG BARRY C
HONIG BARRY C
(6.75%). Company insiders that own Towerstream Corporation stock include Howard L Haronian, Paul Koehler and Philip Urso. View Institutional Ownership Trends for Towerstream Corporation.
How do I buy Towerstream Corporation stock?
Shares of Towerstream Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Towerstream Corporation's stock price today?
One share of Towerstream Corporation stock can currently be purchased for approximately $4.30.
How big of a company is Towerstream Corporation?
Towerstream Corporation has a market capitalization of $1.66 million and generates $26.90 million in revenue each year. Towerstream Corporation employs 98 workers across the globe.
How can I contact Towerstream Corporation?
Towerstream Corporation's mailing address is 88 SilvaLane, Middletown RI, 02842. The technology company can be reached via phone at 401-848-5848.
MarketBeat Community Rating for Towerstream Corporation (TWER)MarketBeat's community ratings are surveys of what our community members think about Towerstream Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Towerstream Corporation (OTCMKTS:TWER) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 0 Buy Ratings, 0 Strong Buy RatingsNo ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Analysts' Consensus Price Target: ||N/A|
Consensus Price Target History for Towerstream Corporation (OTCMKTS:TWER)
Analysts' Ratings History for Towerstream Corporation (OTCMKTS:TWER)
(Data available from 11/24/2015 forward)
|3/22/2016||HC Wainwright||Reiterated Rating||Buy|
|2/18/2016||DA Davidson||Downgrade||Buy -> Neutral||$187.50 -> $18.75|
Earnings History and Estimates Chart for Towerstream Corporation (OTCMKTS:TWER)
Earnings History by Quarter for Towerstream Corporation (OTCMKTS TWER)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/30/2018|| || || || || || || || |
|8/11/2017||Q2 2017||($18.00)||$6.50 million||View||N/A|
|5/15/2017||Q1 2017||($5.25)||($14.25)||$6.57 million||View||N/A|
|11/14/2016||Q3 2016||($89.25)||($75.00)||$7.00 million||$6.66 million||View||N/A|
|11/9/2015||Q3||($10.50)||($9.75)||$7.98 million||$7.80 million||View||Listen|
|8/10/2015||Q115||($9.75)||($9.75)||$8.27 million||$7.85 million||View||Listen|
|5/11/2015||Q1||($8.63)||($9.75)||$8.42 million||$7.96 million||View||Listen|
|3/12/2015||Q414||($7.50)||($9.00)||$8.50 million||$80.09 million||View||Listen|
|11/10/2014||Q3 14||($7.50)||($6.75)||$8.30 million||$8.30 million||View||N/A|
|8/11/2014||Q214||($7.50)||($7.50)||$8.97 million||$8.27 million||View||N/A|
|5/12/2014||($7.50)||($7.50)||$8.54 million||$8.38 million||View||N/A|
|3/17/2014||Q413||($7.50)||($7.50)||$8.58 million||$8.52 million||View||N/A|
|8/8/2013||Q2 2013||($7.50)||($6.75)||$8.50 million||$8.20 million||View||N/A|
|11/8/2012||Q312||($6.75)||($7.50)||$8.36 million||$8.13 million||View||N/A|
Earnings Estimates for Towerstream Corporation (OTCMKTS:TWER)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Towerstream Corporation (OTCMKTS:TWER)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Towerstream Corporation (OTCMKTS TWER)
Insider Ownership Percentage: 6.40%
Insider Trades by Quarter for Towerstream Corporation (OTCMKTS TWER)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/22/2015||Paul Koehler||Director||Buy||10,000||$0.40||$4,000.00|| |
|12/21/2015||Howard L. Haronian||Director||Buy||15,000||$0.37||$5,550.00|| |
|12/10/2015||Philip Urso||Director||Buy||8,200||$0.40||$3,280.00|| |
|12/9/2015||Howard L Haronian||Director||Buy||5,000||$0.32||$1,600.00|| |
|11/16/2015||Jeffrey M. Thompson||CEO||Sell||433,978||$0.53||$230,008.34|| |
|9/24/2014||Jeffrey M Thompson||CEO||Sell||40,000||$1.49||$59,600.00|| |
|9/23/2014||Jeffrey M Thompson||CEO||Sell||20,970||$1.57||$32,922.90|| |
|4/2/2014||Philip Urso||Director||Sell||17,000||$2.40||$40,800.00|| |
|9/24/2013||Philip Urso||Director||Sell||8,500||$2.47||$20,995.00|| |
|3/27/2013||Howard L Haronian||Director||Buy||2,000||$2.23||$4,460.00|| |
|3/25/2013||Howard L Haronian||Director||Buy||21,000||$2.35||$49,350.00|| |
|1/15/2013||Philip Urso||Director||Sell||17,000||$3.37||$57,290.00|| |
|9/13/2012||Jeffrey M Thompson||CEO||Sell||140,309||$3.84||$538,786.56|| |
Latest Headlines for Towerstream Corporation (OTCMKTS TWER)
Towerstream Corporation (OTCMKTS TWER) Chart for Friday, November, 24, 2017