B. Riley resumed coverage of PCTEL with a rating of Buy and set a new price target of $10.50 from $8.00 previously

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

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

All cash transaction values PCTEL at approximately $139.7 million, or $7.00 per share, over a 50% premium to today's closing price PCTEL, Inc. (NASDAQ:PCTI)( "PCTEL" or the "Company"), a leading global provider of wireless technology solutions, today announced that it has reached a definitive agreement to be acquired by Amphenol Corporation (NYSE:APH), one of the world's largest providers of high-technology interconnect, sensor and antenna solutions. Highlights: Amphenol to acquire all outstanding shares of PCTEL Deal structured as an all cash transaction for total consideration of approximately $139.7 million PCTI stockholders to receive $7.00 per share in cash Deal subject

PCTEL, Inc. (NASDAQ:PCTI), a leading global provider of wireless technology solutions, today announced that management will participate in Lake Street Capital Markets' "BIG7" 7th Annual Best Ideas Growth Conference on Thursday, September 14, 2023 in New York City. David Neumann, Chief Executive Officer, and Kevin McGowan, Chief Financial Officer, are scheduled to hold one-on-one meetings with investors in attendance at the conference. About PCTEL PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 29 years, we solve complex wireless chall

PCTEL Public Safety Network Testing Expert Takes on Leadership Role in SBC's Mission of Eliminating In-Building Wireless Dead Zones PCTEL, Inc. (NASDAQ:PCTI), a leading global provider of wireless technology solutions, today announced that David Adams, PCTEL's Director of Market Development for critical communications test and measurement products, has been named President of the nonprofit Safer Buildings Coalition's Board of Directors, effective September 1, 2023. "The Safer Buildings Coalition is delighted to welcome David Adams as the new President of our Board of Directors," said Chief Alan Perdue (ret.), Executive Director of the Safer Buildings Coalition. "As a longtime Board memb

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

Reliable Connectivity Even in the Harshest Environments PCTEL, Inc. (NASDAQ:PCTI), a leading global provider of wireless technology solutions, today announced its new 5G FR1 Omnidirectional antenna optimized for Industrial IoT applications. The demand for reliable, secure wireless connectivity and extensive coverage is increasing. PCTEL's new 5G FR1 omnidirectional antenna has been designed to meet the requirements of today's wireless networks and to provide continuous connectivity in the harshest environments. Suitable for a wide variety of mission critical communication applications such as utilities, smart cities, factory automation, retail/security failover, and overall Industrial

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

U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining over 1% on Monday. The Dow traded up 0.93% to 33,983.22 while the NASDAQ rose 1.31% to 13,582.67. The S&P 500 also rose, gaining, 1.11% to 4,375.72. Check This Out: Top 3 Health Care Stocks That May Implode This Quarter   Leading and Lagging Sectors   Consumer discretionary shares climbed by 1.4% on Friday. In trading on Friday, energy shares rose by just 0.6%.   Top Headline   The Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected earnings for the third quarter. The company posted quarterly net revenue decline of 16% year-over-year to $4.61 billion, missing the consensus of $4.63 bi

Gainers MMTEC (NASDAQ:MTC) shares increased by 69.5% to $1.0 during Monday's regular session. As of 13:30 EST, MMTEC's stock is trading at a volume of 17.4 million, which is 20033.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $199.1 million. PCTEL (NASDAQ:PCTI) stock increased by 47.21% to $6.86. As of 13:30 EST, PCTEL's stock is trading at a volume of 3.1 million, which is 5737.0% of its average full-day volume over the last 100 days. The company's market cap stands at $132.1 million. E2open Parent Holdings (NYSE:ETWO) stock increased by 23.46% to $3.02. As of 13:30 EST, E2open Parent Holdings's stock is trading at a volume o

Gainers MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) shares gained 64% to $0.7798 after gaining more than 10% on Friday. PCTEL, Inc. (NASDAQ:PCTI) climbed 47.3% to $6.86. On Friday, Amphenol Corp (NYSE:APH) inked a deal to acquire PCTEL for around $139.7 million. Almacenes Éxito S.A. (NYSE:EXTO) shares rose 32.6% to $6.66. MMTec, Inc. (NASDAQ:MTC) surged 30% to $0.7608. Tempest Therapeutics, Inc. (NASDAQ:TPST) gained 29% to $4.72. LQR House Inc. (NASDAQ:LQR) shares climbed 24.5% to $0.2148. LQR House announced that through its custom marketing campaign and strategic efforts, Von Payne Whiskey is now displayed on the shelves of the retail giant, Costco. Secoo Holding Limited (N

U.S. stocks traded higher, with the Dow Jones gaining more than 350 points on Monday. Here are some stocks recording big gains in today’s session. PCTEL, Inc. (NASDAQ:PCTI) gained 47.3% to $6.86. On Friday, Amphenol Corporation (NYSE:APH) inked a deal to acquire PCTEL for around $139.7 million. Almacenes Éxito S.A. (NYSE:EXTO) shares climbed 32.6% to $6.66. E2open Parent Holdings, Inc. (NYSE:ETWO) rose 22% to $3. Elliott Investment Management L.P. reported a 9% stake in E2open Parent Holdings as of Oct. 13. Prothena Corporation plc (NASDAQ:PRTA) climbed 19.7% to $52.78. Alignment Healthcare, Inc. (NASDAQ:ALHC) rose 17.8% to $7.80 after Raymond James upgraded the stock from Outperform t

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday. The Dow traded up 1.02% to 34,012.79 while the NASDAQ rose 1% to 13,541.79. The S&P 500 also rose, gaining, 1.03% to 4,372.52. Check This Out: Top 3 Health Care Stocks That May Implode This Quarter   Leading and Lagging Sectors   Consumer discretionary shares climbed by 1.4% on Friday. In trading on Friday, energy shares rose by just 0.5%.   Top Headline   The Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected earnings for the third quarter. The company posted quarterly net revenue decline of 16% year-over-year to $4.61 billion, missing the consen

Upgrades Scotiabank upgraded the previous rating for Alliant Energy Corp (NASDAQ:LNT) from Sector Perform to Sector Outperform. In the second quarter, Alliant Energy showed an EPS of $0.64, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.52 and a 52-week-low of $45.15. Alliant Energy closed at $49.75 at the end of the last trading period. HSBC upgraded the previous rating for Dollar General Corp (NYSE:DG) from Reduce to Hold. In the second quarter, Dollar Gen showed an EPS of $2.13, compared to $2.98 from the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $101.09. At the end of the last trading period, Dollar