Towerstream Corp. (TWER) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Towerstream Corp. (NASDAQ:TWER) posted its earnings results on Monday. The company reported ($1.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.19) by $0.19. Towerstream Corp. had a negative net margin of 122.42% and a negative return on equity of 1,151.39%.
Towerstream Corp. (NASDAQ:TWER) opened at 0.67 on Wednesday. Towerstream Corp. has a 52-week low of $0.66 and a 52-week high of $11.60. The firm’s 50-day moving average is $1.17 and its 200-day moving average is $2.56. The firm’s market capitalization is $3.05 million.
Separately, Zacks Investment Research upgraded shares of Towerstream Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Saturday, August 13th.
About Towerstream Corp.
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.
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