FTNW delivers nice 10% trading gains, more to come?
Published: Wed, 11/01/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Good evening all, Our new trade idea FTNW gave us some 10% gains today, not bad, but the next couple days could bring us even more. Given how well it held up into the close today, I think tomorrow morning could deliver more upside. Make sure you're paying attention, and if you got in today, always look for opportunities to capitalize. ICYMI, keep reading below for my analysis on why I think FTNW could make a nice short and longer term trade. The chart is set up perfectly for a move higher. FTNW closed today at $0.40, with a recent high of $1, and a $3.20 price target. The upside momentum is clear. And the company itself is posting huge numbers. Last week, FTNW announced total Q3 revenues of approximately $79.1MM compared to $3.8MM in the same period of 2016, a 56% increase and net income of approximately $1.4 million. In addition to these killer financial results, the Company also announced some major business developments, including:
We expect there to be elevated trader interest in FTNW over the next few days, so make sure you keep watching for opportunities. All the best. SmallCapMomo.com -------------------------------------------------------------------------------------- Traders and Investors, Last night we delivered our thoughts on an exciting new trade idea, I hope you had the chance to thoroughly review. If so, you'll understand why we are particularly excited about FTE Networks, Inc (FTNW). FTNW first caught my attention a week ago when the Company released some epic financial results. Now I think the technical chart setup is ready. Last week, FTNW announced total Q3 revenues of approximately $79.1MM compared to $3.8MM in the same period of 2016, a 56% increase. In addition, gross margins increased to 19.6% from 16.4%, and net income of approximately $1.4 million. In addition to these killer financial results, the Company also announced some major business developments, including:
In fact, SeeThruEquity recently raised its price target on FTNW to $3.20. And in case you were wondering about the legitimacy of SeeThru Equity, you need not. SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry's most extensive databases of opt-in institutional and high net worth investors. So there you have it. FTNW is crushing its earnings, and its just received a $3.20 price target, which is around 740% higher than today's closing price. The chart beckons for attention too. FTNW recently dropped to 52 week lows back in early October, just before they announced their huge earnings. It then went on a 100% run higher over just a few days. Now opportunity knocks. FTNW has pulled back and found new support at $0.30, and is starting to bounce higher once again. We think FTNW could easily test its recent high of around $0.55 in the short term. That's some 40%+ upside... short term. Longer term, we think FTNW could have much more to run. FTNW was trading at $1 back in June, and its 52 week high is $1.12. A longer term vision here could pay off very handsomely for the patient investor. FTE Networks, Inc. (FTNW), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings. FTE's three complementary businesses are FTE Network Services, CrossLayer, Inc. and Benchmark Builders, Inc. Together they provide end-to-end design, build and support solutions for state-of-the-art networks and commercial properties to create the most transformative smart platforms and buildings. FTE's businesses are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of innovative projects and services. The company works with Fortune 100/500 companies, including some of the world's leading communications services providers. Specifically, FTNW’s clients span a vast range of industries from Multi-National Conglomerates to Government & Municipalities – many of which are household names: AIG, AON, Bloomberg, Credit Suisse, DowJones, ESPN, FINRA, Fox Studios, Google, The McGraw-Hill Companies, Morgan Stanley, NYSE, Ralph Lauren. FTE Networks and its subsidiaries support multiple services, including Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, Internet Service Provider, General Contracting Management and General Contracting.Back in April this year, FTNW acquired Benchmark Builders, Inc., a company with $387M in annual revenue and $40M in EBITD. The value of this acquisition was defined in their announcement, noting it “provides significant economies of scale, synergies, and complementary business activities. The Company believes the addition of Benchmark’s customer base and project pipeline propel FTE to the forefront of the network infrastructure, technology, and general contracting markets.” In addition to acquisitions. there is plenty of organic growth to be had. Here are some of the markets FTNW operates, and their market size & growth...
For more information on FTNW, please visit www.ftenet.com. You can also view FTNW's investor presentation here. As you can see, FTNW is making big waves on many fronts. Major acquisitions, huge earnings announcements, big new customers and hundreds of millions of dollars in its project pipeline. At is current price, FTNW is screaming for attention. And so is the chart. Support appears to be in, and an upswing has started in the past couple days. We think this momentum could easily carry us significantly higher in both the short and long terms. I'll be back later with a further update, but for now, please do your research on FTNW. --------------------------------------------------------------------------------------------------------
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