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PCTEL, Inc. (NASDAQ:PCTI) ("PCTEL" or the "Company"), a leading global provider of wireless technology solutions, today announced that it has been acquired by Amphenol Corporation (NYSE:APH) ("Amphenol"), one of the world's largest providers of high-technology interconnect, sensor and antenna solutions. Under the terms of the previously announced agreement, PCTEL stockholders are receiving $7.00 in cash for each share of common stock they own. Following the acquisition, PCTEL is a wholly owned subsidiary of Amphenol, and PCTEL shares are no longer publicly traded. About PCTEL PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devi
Enabling Wireless Connectivity Together Even in the Most Challenging Environments PCTEL, Inc. (NASDAQ:PCTI), a leading global provider of wireless technology solutions, today announced it has joined Cradlepoint's Technology Alliance Partner Program. PCTEL's work with Cradlepoint represents the continuation of the collaboration between the two companies in previous successful projects. Together, PCTEL and Cradlepoint can help customers optimize connectivity performance and coverage by providing them the right antenna with the right 4G/5G router. Daniel Laredo, PCTEL's Vice President of Global Sales, commented, "It is an honor to be formally part of the Cradlepoint Technology Alliance Par
Providing High Performance Embedded Connectivity for Portable and Network Devices PCTEL, Inc. (NASDAQ:PCTI), a leading global provider of wireless technology solutions, today announced its new embedded antenna platform for integrated radio deployments. PCTEL's embedded antennas help device manufacturers to overcome space limitations and meet aesthetic requirements without sacrificing performance. PCTEL's embedded antenna portfolio consists of compact low-profile design solutions that provide wide coverage patterns in the 2.4 GHz, 5 GHz and 6 GHz frequency bands. They are easy to install and integrate into tight spaces. The antennas offer a solid mechanical construction and are designed
B. Riley resumed coverage of PCTEL with a rating of Buy and set a new price target of $10.50 from $8.00 previously
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Providing High Performance Embedded Connectivity for Portable and Network Devices
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. EngageSmart, Inc. (NYSE:ESMT) EngageSmart announced it would be acquired by Vista Equity Partners for $23 per share. The company’s stock has a 52-week high of $22.7
4 - PC TEL INC (0001057083) (Issuer)
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PCTEL, Inc. (NASDAQ:PCTI) ("PCTEL" or the "Company"), a leading global provider of wireless technology solutions, today reported results for the third quarter ended September 30, 2023. As previously announced, on October 13, 2023, the Company entered into an Agreement and Plan of Merger with Amphenol Corporation and a wholly owned subsidiary of Amphenol Corporation. Under the terms of the agreement, Amphenol is to acquire all outstanding shares of the Company, and the Company's stockholders will receive $7.00 in cash for each share of common stock they own. The transaction is expected to close in the fourth quarter of 2023 or early 2024, subject to customary closing conditions, including
Third Quarter 2023 Highlights: Sales of $3.199 billion, down 3% in U.S. dollars and 5% organically compared to the third quarter of 2022 GAAP Diluted EPS of $0.83, up 4% compared to prior year Adjusted Diluted EPS of $0.78, down 3% compared to prior year GAAP and Adjusted Operating Margin of 20.6% and 20.8%, respectively Operating and Free Cash Flow of $618 million and $544 million, respectively Closed three acquisitions since July earnings call – Connor Manufacturing Services, Q Microwave and XMA Corporation – and signed an agreement to acquire PCTEL Increased quarterly dividend by 5% to $0.22 per share Amphenol Corporation (NYSE:APH) today reported third quarter 20
PCTEL achieves second quarter revenues of $20.6 million and gross profit margin of 49.1% PCTEL, Inc. (NASDAQ:PCTI) ("PCTEL" or the "Company"), a leading global provider of wireless technology solutions, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenues of $20.6 million, down from $25.0 million in the prior year period GAAP gross profit margin of 49.1% GAAP net income of $1.0 million or $0.05 per diluted share Non-GAAP net income of $1.4 million or $0.07 per diluted share Adjusted EBITDA of $1.7 million, down from $2.6 million in the prior year period Announced new 4G LTE and 5G network monitoring capabilities for
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