Virtutone posts record half-million in revenue in one day

Virtutone CEO Jason Allen says the company's margins are improving.

Virtutone Networks (TSX:VFX) says it posted a new daily revenue record of more $500,000 on Wednesday, April 9, 2014. CEO Jason Allen said the company’s bottom line was also improving. “This is a great milestone that we have achieved,” he said. “Due to our strong balance sheet, we are leveraging our strong financial position to [...]

Sandvine soars on record first quarter

Celebrate good times. Shares of Sandvine (TSX:SVC) are up sharply today after the company reported record first quarter earnings.

Shares of Sandvine (TSX:SVC) are up sharply today after the company reported record first quarter earnings of $7.5-million on revenue of $31.5-million. The topline was a 26% improvement over last year’s Q1. CEO Dave Caputo said continued investment in innovation was the key to the company’s success. “We are pleased to have had a good [...]

Wi-LAN perks up on partial validation in Apple infringement case

Wi-LAN CEO Jim Skippen.

Shares of Wi-LAN (TSX:WIN) traded hands heavily Wednesday, ending the TSX session up 3.4%. The reason for the activity was a measure of redemption. The Ottawa-based company received upbeat news in its patent infringement case against Apple, which represented a painful loss for the company last October. Today, U.S. District Judge Rodney Gilstrap today ruled [...]

Webtech Wireless may be a “prime takeover candidate”, says PI’s Sangha

PI analyst Pardeep Sangha points to an appealing valuation; despite having $18.4-million in annual recurring revenue, Webtech Wireless trades at an enterprise value of just $27.3-million.

After a bounceback year in 2013, Webtech Wireless (TSX:WEW) could make more acquisitions to accelerate its growth, or could itself be taken over, says PI analyst Pardeep Sangha. This morning before market, Webtech reported its Q4 and fiscal 2013 results. For the year , the company posted adjusted EBITDA of 2.2-million on revenue of $30.1-million. [...]

Dragonwave’s largest shareholder McDonald increases his position

dragonwave headquarters

He owns more stock than anyone else, but Dragonwave (TSX:DWI) shareholder Timothy Mcdonald is clearly still bullish on the Ottawa-based company’s prospects in 2014. Mcdonald, who has no affiliation with Dragonwave other than as a shareholder, increased his position again last week. In the past month he has bought more than 200,000 shares of the [...]

YANGAROO is undervalued, says Global Maxfin’s Mackay

Global Maxfin Capital analyst Joseph Mackay says consolidation in the digital advertising space has created a window that the company is already taking advantage of.

YANGAROO (TSXV:YOO) has a clear opportunity to to establish itself as a top supplier in the digital advertising distribution business, says Global Maxfin Capital’s Joseph MacKay. On Monday, MacKay launched coverage of YANGAROO with a STRONG BUY rating and $0.60 one-year target. Mackay says consolidation in the digital advertising space has created a window that [...]

There’s big upside in Axia Netmedia, says Cantor’s Abernethy

axia netmedia

2013 may prove to be a “transformative” year for Axia Netmedia (TSX:AXX) says Cantor Fitzgerald analyst Blair Abernethy. Yesterday, Axia Netmedia reported its fiscal 2013 results. The company earned $1.9-million on revenue of $110-million, up 17% from 2012′s topline. Shares of Axia Netmedia have nearly doubled since last May, but Abernethy says there are a [...]

Insider Buying at Virtutone Networks

Virtutone CEO Jason Allen.

Shares of Virtutone (TSXV:VFX) have enjoyed a stead climb over the past few months, but the company’s CEO still thinks there is upside. Virtutone CEO Jason Allen bought 15,000 shares of the company’s stock in the open market yesterday, at $.050 and $0.51. Using a state-of-the-art switch platform to move minutes from the customer to [...]

Cormark downgrades Sierra Wireless to “Market Perform”

Cormark analyst Richard Tse says the business of recent Sierra Wireless acquisition In Motion Technologies is very similar its existing business segments, which he believes is already priced into the company's stock.

Sierra Wireless (TSX:SW) has had a strong run but the stock is now fairly valued, says Cormark analyst Richard Tse. Yesterday, Sierra Wireless reported its Q4 and full-year 2013 results. In the fourth quarter, the company earned $3.1-million, or 10 cents a share on revenue of $118.6-million. Both the top and bottom line beat Tse’s [...]

SAP unwraps apps to combat showrooming trend

“We’re looking to transform the entire in-store experience,” says Brent Cohler, SAP’s Director of Mobile Product Marketing.

Multinational enterprise management software company SAP has recently released complementary apps, one called Shopper Experience and the other its Retail Store Ops Associate, which promise nothing less than the transformation of the brick-and-mortar retail experience through integration with mobile technology. “We’re looking to transform the entire in-store experience,” says Brent Cohler, SAP’s Director of Mobile [...]