FTNW - FTE Networks, Inc.

NYSE American - NYSE American Delayed Price. Currency in USD
1.0900
-0.0300 (-2.68%)
At close: 3:54PM EDT
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Previous Close1.1200
Open1.1000
Bid1.0000 x 1400
Ask1.1700 x 1000
Day's Range1.0900 - 1.1400
52 Week Range0.2820 - 17.9960
Volume7,880
Avg. Volume95,273
Market Cap28.427M
Beta (3Y Monthly)1.49
PE Ratio (TTM)N/A
EPS (TTM)-9.0590
Earnings DateJul 12, 2019 - Jul 15, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est35.00
Trade prices are not sourced from all markets
  • GlobeNewswire8 days ago

    FTE Networks Announces Completion of Debt Restructuring

    FTE Networks, Inc. (NYSE American:  FTNW) ("FTE" or the "Company"), announced that it has completed its previously announced debt restructuring. The terms and conditions of the debt restructuring are described more fully in a Current Report on Form 8-K which the Company filed with the Securities and Exchange Commission on July 8, 2019. Reconstituted Board.  The Company’s Board of Directors has been reconstituted to include five new Independent members who have significant public company experience and strong business backgrounds and who will also help with industry contacts, client relationships and business development.

  • GlobeNewswirelast month

    FTE Networks Granted Financial Viability Exception by NYSE Regulation

    NEW YORK, June 14, 2019 -- FTE Networks, Inc. (NYSE American:  FTNW) ("FTE" or the "Company"), a provider of technology solutions for smart platforms, network infrastructure.

  • GlobeNewswirelast month

    FTE Networks Receives Notice of Noncompliance from NYSE American

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that on June 5, 2019, the Company received a notice of non-compliance from the NYSE Regulation staff of the New York Stock Exchange (“NYSE”). As previously disclosed on the Company’s Form 8-K filed on June 3, 2019, four of the members of the board of directors (the “Board”) of FTE Networks, Inc. (the “Company”) resigned effective May 30, 2019.

  • GlobeNewswire3 months ago

    FTE Networks Receives Notice from NYSE Regulation Regarding Late Filing of Annual Report

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that on April 17, 2019, the Company received a notice of non-compliance with the continued listing standards set forth in Section 1007 of the Company Guide (the "Company Guide") of NYSE American LLC (the "Exchange"). This notice of noncompliance is predicated on the Company’s failure to timely file its Form 10-K for the fiscal year ended December 31, 2018 (the "2018 Form 10-K") with the Securities and Exchange Commission (the "SEC").

  • GlobeNewswire4 months ago

    FTE Networks Receives Reprimand Letter from NYSE Regulation

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, received a public reprimand letter dated March 25, 2019 from the NYSE Regulation Staff of the New York Stock Exchange (“Exchange”) based on its noncompliance with sections 301 and 713 of the NYSE American LLC Company Guide (the “Company Guide”).

  • GlobeNewswire5 months ago

    FTE Networks Awarded Approximately $116 Million in New Infrastructure Contracts in January and February

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that it has been awarded approximately $116 million in new infrastructure projects during January and February of 2019. The new contract awards to FTE and its subsidiaries cover a variety of infrastructure projects, with significant customers including a major globally recognized technology leader and a major financial institution.  Projects to be performed under the contracts include interior buildouts as well as technology and smart device deployments, primarily at locations throughout the Northeast.  Work associated with these new contract wins is largely expected to be completed within the next 12-18 months.

  • GlobeNewswire5 months ago

    FTE Networks Provides Corporate Update

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings today provided a corporate update on operations and financing. FTE reports that it has obtained an additional $13.6 million in funding, the majority of which was provided by the Company’s existing senior debt holder, Lateral Investment Management. Richard De Silva, Managing Partner at Lateral Investment Management commented, “Our partnership with FTE goes back several years and we remain fully supportive of the Company’s operational objectives.  We are glad to provide these additional funds as we work with the Company to position the balance sheet in an optimal manner for the long-term.

  • GlobeNewswire6 months ago

    FTE’S Crosslayer™ Launches New Website Inviting Building Owners and Tenants to Connect to Innovative New Data Network

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), today announced its CrossLayer, Inc. subsidiary launched a new website targeted to building owners, property managers, and tenants. With the theme “Let’s connect,” the new CrossLayer website provides information and resources for commercial property owners and managers, as well as transactional capabilities for existing and potential tenants to access the CrossLayer portal for service information specific to their buildings. “An innovative digital technology platform merits an innovative and engaging source of information, and that’s just what we’ve achieved with CrossLayer’s new website,” commented Michael Palleschi, President and Chief Executive Officer of FTE Networks.

  • GlobeNewswire6 months ago

    FTE’s CrossLayer Exceeds 2018 Guidance With 31 Buildings

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative, technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), today announced that its CrossLayer, Inc. subsidiary enters 2019 with significant momentum after exceeding expectations in 2018. In 2018, CrossLayer has 31 buildings, where services can be offered through its advanced data network. Last year, CrossLayer also put in place a solid pipeline of opportunities and expects to grow revenue exponentially in 2019.

  • GlobeNewswire7 months ago

    FTE Networks Completes 2018 with Approximately $572.4 Million in New Infrastructure Contract Awards

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), today announced that it has been awarded approximately $129.6 million in new infrastructure projects during the fourth quarter of 2018, bringing the Company’s 2018 contract awards total to approximately $572.4 million. The new contract awards to FTE and its subsidiaries cover a variety of infrastructure projects, with prominent customers including a leading global investment and market management firm, a globally recognized technology leader, and a major cable and telecommunications company. Projects to be performed under the contracts include interior buildouts as well as technology and smart device deployments, primarily at locations throughout New York City and the surrounding boroughs.

  • Thomson Reuters StreetEvents7 months ago

    Edited Transcript of FTNW earnings conference call or presentation 20-Nov-18 4:00pm GMT

    Q3 2018 FTE Networks Inc Earnings Call

  • GlobeNewswire7 months ago

    FTE Networks Announces $4 Million Corporate Stock Buyback Program

    FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), announced today that its Board of Directors has approved a stock repurchase program of up to $4 million of the Company’s outstanding common stock, beginning on Wednesday, December 19, 2018. The $4 million stock buyback program is effective for a three-year period. Shares may be repurchased under this program from time-to-time, as the Company deems appropriate through open market purchases effected through a broker dealer at prevailing market prices or by other means in accordance with federal securities laws.

  • GlobeNewswire7 months ago

    FTE Networks Executes Term Sheet to Amend Existing Senior Credit Facility

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that it has signed an indicative term sheet with its senior lender, Lateral Investment Management, LLC. (“Lateral”), which includes outlining the material terms of an Amended and Restated Credit Facility, which is expected to replace and extend the duration of its existing credit facility. Consideration in connection with the consummation of this Amendment will include 250,000 common stock warrants with a cash strike price of $10.00 and customary closing fees.  The terms of the amended credit facility will be subject to and contingent upon a signed definitive agreement, the satisfaction of certain conditions precedent, including the restructuring of subordinated debt, and all other customary terms and conditions for a transaction of this size and nature.

  • GlobeNewswire7 months ago

    FTE Networks Announces Additional Insider Purchases

    NAPLES, Fla., Dec. 14, 2018 -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms,.

  • GlobeNewswire7 months ago

    FTE’s CrossLayer™ to Install Advanced Data Network in Two Midtown Manhattan Office Buildings

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that its subsidiary, CrossLayer, Inc., has signed an agreement to install the company’s advanced data network in two multi-tenant office buildings in Midtown Manhattan. The CrossLayer edge compute platform delivers new digital technology services to tenants, while generating an ongoing revenue stream to building owners/managers.

  • GlobeNewswire7 months ago

    FTE Networks’ CrossLayer Obtains Regulatory Approval to Become a Canadian ISP

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced its subsidiary, CrossLayer, Inc., has obtained regulatory approval to become a Canadian ISP and is installing and managing its future-ready, edge compute platform in two commercial office buildings in a suburb of Ontario, Canada. The CrossLayer edge compute platform delivers new digital technology services to tenants, while generating an ongoing revenue stream to building owners.

  • GlobeNewswire8 months ago

    FTE Networks Ranked 95th in Deloitte 2018 Technology Fast 500 Winners

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today announced that the Company received the 95th ranking on the Deloitte 2018 Technology Fast 500 Winners List. FTE won as a provider of disruptive technology in the Communications/networking industry and was recognized for its 1338% growth. The Deloitte Technology Fast 500 has been honoring the fastest-growing technology companies for more than 20 years and is the leading technology awards program.  Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies—large, small, public, and private—hail from cities far and wide across North America and are disrupting the technology industry.

  • GlobeNewswire8 months ago

    FTE Networks Announces Insider Purchases

    FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, and a Deloitte 2018 Technology Fast 500 Winner (#95), announced today that members of its executive management  made open market purchases of FTE common stock on November 27, 2018.  In total, approximately $242,000 worth of stock was purchased at an average price of about $4.32 per share.  FTE’s President and Chief Executive Officer, Michael Palleschi, purchased 35,000 shares and David Lethem, Chief Financial Officer, purchased 21,000 shares.

  • GlobeNewswire8 months ago

    Analysis: Positioning to Benefit within Celldex Therapeutics, InnSuites Hospitality Trust, Keryx Biopharmaceuticals, EMX Royalty, FTE Networks, and Xinyuan Real Estate — Research Highlights Growth, Revenue, and Consolidated Results

    NEW YORK, Nov. 26, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • GlobeNewswire8 months ago

    FTE Networks Reports Third Quarter 2018 Results

    Total Revenue of $92.2 Million  Adjusted EBITDA of $7.8 Million NAPLES, Fla., Nov. 20, 2018 -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading.

  • GlobeNewswire8 months ago

    FTE Networks Announces Preliminary Third Quarter 2018 Revenue of $92.2 Million

    FTE Networks Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today provided an update regarding third quarter financial results. Michael Palleschi, President and CEO of FTE commented, “We are pleased with our operational execution during the quarter in both business segments, resulting in record revenues of $92.2 million with an estimated adjusted EBITDA of approximately 8% of revenues.  Our infrastructure segment has won approximately $442.8 million of new contract awards year to date and continues to win business at a strong, steady pace.  We are also pleased to see our adoption rates accelerating in our technology segment, CrossLayer.

  • What Percentage Of FTE Networks Inc (NYSEMKT:FTNW) Shares Do Insiders Own?
    Simply Wall St.8 months ago

    What Percentage Of FTE Networks Inc (NYSEMKT:FTNW) Shares Do Insiders Own?

    The big shareholder groups in FTE Networks Inc (NYSEMKT:FTNW) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own Read More...

  • Earnings Preview: FTE Networks (FTNW) Q3 Earnings Expected to Decline
    Zacks8 months ago

    Earnings Preview: FTE Networks (FTNW) Q3 Earnings Expected to Decline

    FTE Networks (FTNW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire8 months ago

    FTE Networks to Attend 4th Annual ROTH Corporate Access Day in New York on November 14th, 2018

    NAPLES, Fla., Nov. 08, 2018 -- FTE Networks Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms,.