Revenue Update on Towerstream Corporation(NASDAQ:TWER)

Towerstream Corporation(NASDAQ:TWER) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Earnings per share were $-1.26.

Towerstream Corporation (TWER) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -2.06% at a volume of 1,86,325. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.44. The peak price level was also seen at $2.44 while the days lowest was $2.31. Finally the shares closed at $2.38. The 52-week high of the shares is $39.4 while the 52-week low is $2.022. According to the latest information available, the market cap of the company is $8 M.

Several Insider Transactions has been reported to the SEC. On Dec 23, 2015, Paul Koehler (director) purchased 10,000 shares at $0.40 per share price.Also, On Dec 21, 2015, Howard L Haronian (director) purchased 15,000 shares at $0.38 per share price.On Nov 16, 2015, Jeffrey M Thompson (President and CEO) sold 433,978 shares at $0.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Company’s fixed Wireless service supports bandwidth on demand Wireless redundancy virtual private networks disaster recovery bundled data and video services. The Company’s Shared Wireless Infrastructure segment offers a range of rental options on street level rooftops. The Company provides services to business customers in New York City Boston Chicago Los Angeles San Francisco Seattle Miami Dallas-Fort Worth Houston Philadelphia Las Vegas-Reno and Providence-Newport.

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