NEW YORK, NY / ACCESSWIRE / July 19, 2018 / CounterPath saw big gains in Wednesday's session after announcing that it has signed an agreement with a leading contact center solution provider to deploy CounterPath's Hosted Stretto Platform™ for provisioning, voice quality monitoring, and remote support. Shares of Take-Two Interactive also saw a pop in the late-afternoon after positive remarks from Samantha Greenberg, the founder and chief investment officer of Margate Capital Management.
RDI Initiates Coverage on:
Take-Two Interactive Software, Inc.
CounterPath Corporation shares closed up 18.18% on about 16.4 million shares traded yesterday. The company, which provides award-winning over-the-top (OTT) Unified Communications solutions for enterprises and service providers, announced on Wednesday that it has signed an agreement with a leading contact center solution provider to deploy CounterPath's Hosted Stretto Platform™ for provisioning, voice quality monitoring, and remote support. According to the company's press release, the deployment is expected to grow over the coming months as usage expands to cover their install base of Bria Unified Communications clients. Executive Vice President of Sales and Marketing, Todd Carothers, remarked, "We are pleased to continue delivering software and services to this customer with its tens of thousands of users leveraging CounterPath's Bria Softphone with their contact center offering and where user management is a challenge. Cloud-based Stretto Platform Services allows companies to leverage best-in-class hosted user management to provision users and amass high-level corelated data to drive better user experiences. This is a very deliberate trend we are seeing, and we expect to see dozens of deployments where customers who have deployed high numbers of Bria softphones leveraging CounterPath's hosted subscription services to drive the next level of performance and user management in the coming months."
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Take-Two Interactive Software, Inc. shares closed up a modest 0.10% on Wednesday with an additional 0.94% in after-hours trading. The late gains came after Samantha Greenberg, chief investment officer at Margate Capital Management said there was more than 40% upside potential in the video-game maker. Greenberg spoke at CNBC's Delivering Alpha conference and said, “Engagement with videogames continues to grow. While we’re bullish on the entire sector, we believe Take-Two has the biggest upside." She added, "Take-Two content pipeline is the largest in the company’s history." She also remarked that the company "trades at a discount to its peers, despite industry leading growth." She further said, "We expect streaming of games to become a commercial reality in a few years."
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