SeeThruEquity has issued an update and increased the price target to $2.75 on shares of FTE Networks’ (OTCQX: FTNW) stock. The update follows the company’s March 9th announcement that it plans to acquire Benchmark Builders, Inc. in a $75 million cash and stock transaction that is expected to close in the second quarter of 2017. In February, FTE filed an application to uplist to the Nasdaq Capital Markets, which is cited in the update by SeeThruEquity as a reason to increase the company’s price target. If approved, being listed on the Nasdaq Capital Market would be a noteworthy development for the company.
To view the full press release, visit http://nnw.fm/6ttiX
About FTE Networks Inc.
FTE Networks engages in network transformation helping communications service providers, government and enterprise customers evolve their networks to meet advancing technology requirements via network infrastructure, and edge computing solutions to quickly enhance service innovation and deliver new revenue streams. With a focus on smart design, open architectures, and consistent standards, along with expertise in building, operating, and maintaining networks, FTE solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. www.ftenet.com.
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer