We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TESSCO Teams With RFS to Provide DragonSkin Coaxial Cable
Read MoreHide Full Article
TESSCO Technologies Incorporated has teamed up with Radio Frequency Systems (RFS), a global designer of total-package solutions for wireless and broadcast infrastructure, to provide its customers with the DragonSkin coaxial cable. The Hunt Valley, MD-based company continues to operate as an essential component of the wireless telecom supply chain. TESSCO’s shares climbed 3.3% in yesterday’s trading, closing at $5.34.
Reportedly, RFS’ DragonSkin is the only in-building coaxial cable that is UL 2196 certified and meets the NFPA 72 Survivability standards. The half-inch cable has been designed to protect mission-critical communications for first responders in burning buildings. It enables cellular and public safety radio communications for people on all floors of a high-rise building. DragonSkin transmits radio frequency signals and operates during severe heat, withstanding temperatures up to 1010°C, for at least two hours.
Notably, TESSCO supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, IoT and wireless backhaul, among others. However, the performance of the company’s Retail segment in the prior fiscal has been disappointing. The downturn was further affected in the fourth quarter by the significant impact of COVID-19 on the global retail market. The pandemic has caused retail store closures or reduced foot traffic in most of its retail customer locations.
Meanwhile, the Commercial segment continues to perform well with an increasing share in the Public Carrier market. TESSCO expects to see growth in this business in fiscal 2021. It also has a healthy balance sheet. While undertaking actions to slash costs, the company continues to advance its strategic initiatives by investing in its Ventev business, commercial sales and product teams, software and service initiatives, and technological advances.
TESSCO is well placed to capitalize on the exponential growth of the industry. It is undertaking measures to improve profitability in the long term. Shares of TESSCO have lost 7.5% compared with 0.1% decline of the industry in the past three months.
Turtle Beach has a trailing four-quarter positive earnings surprise of 46.4%, on average.
Ooma has a trailing four-quarter positive earnings surprise of 228.2%, on average.
Acacia has a trailing four-quarter positive earnings surprise of 17.7%, on average. The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
TESSCO Teams With RFS to Provide DragonSkin Coaxial Cable
TESSCO Technologies Incorporated has teamed up with Radio Frequency Systems (RFS), a global designer of total-package solutions for wireless and broadcast infrastructure, to provide its customers with the DragonSkin coaxial cable. The Hunt Valley, MD-based company continues to operate as an essential component of the wireless telecom supply chain. TESSCO’s shares climbed 3.3% in yesterday’s trading, closing at $5.34.
Reportedly, RFS’ DragonSkin is the only in-building coaxial cable that is UL 2196 certified and meets the NFPA 72 Survivability standards. The half-inch cable has been designed to protect mission-critical communications for first responders in burning buildings. It enables cellular and public safety radio communications for people on all floors of a high-rise building. DragonSkin transmits radio frequency signals and operates during severe heat, withstanding temperatures up to 1010°C, for at least two hours.
Notably, TESSCO supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, IoT and wireless backhaul, among others. However, the performance of the company’s Retail segment in the prior fiscal has been disappointing. The downturn was further affected in the fourth quarter by the significant impact of COVID-19 on the global retail market. The pandemic has caused retail store closures or reduced foot traffic in most of its retail customer locations.
Meanwhile, the Commercial segment continues to perform well with an increasing share in the Public Carrier market. TESSCO expects to see growth in this business in fiscal 2021. It also has a healthy balance sheet. While undertaking actions to slash costs, the company continues to advance its strategic initiatives by investing in its Ventev business, commercial sales and product teams, software and service initiatives, and technological advances.
TESSCO is well placed to capitalize on the exponential growth of the industry. It is undertaking measures to improve profitability in the long term. Shares of TESSCO have lost 7.5% compared with 0.1% decline of the industry in the past three months.
TESSCO currently has a Zacks Rank #4 (Sell).
Better-ranked stocks in the industry are Turtle Beach Corporation (HEAR - Free Report) , Ooma, Inc. (OOMA - Free Report) and Acacia Communications, Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Turtle Beach has a trailing four-quarter positive earnings surprise of 46.4%, on average.
Ooma has a trailing four-quarter positive earnings surprise of 228.2%, on average.
Acacia has a trailing four-quarter positive earnings surprise of 17.7%, on average. The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>