Key Developments: Novatel Wireless Inc (NVTL.O)
3.32USD
17 May 2013
$0.05 (+1.53%)
$3.27
$3.25
$3.38
$3.25
176,696
318,237
$3.63
$1.17
Latest Key Developments (Source: Significant Developments)
Novatel Wireless Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Novatel Wireless Inc announced that for second quarter of 2013, it expects revenue to be in the range of $90-$98 million and Non-GAAP earnings per share (EPS) to be in the range of $(0.13)-$(0.06). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $87 million and EPS of $(0.12) for second quarter of 2013. Full Article
Novatel Wireless Inc Receives Technical Approval For CDMA2000 1X M2M Module
Novatel Wireless Inc announced that it has received technical approval for its machine-to-machine (M2M) CDMA2000 1X Enabler HS 3001 module on Aeris Communications’ network. The Enabler HS 3001 is ideal for markets such as security, alarm, telemetry, asset tracking, POS, mHealth, AVL and AMI/AMR looking for high reliability. The module support CDMA 800 and 1900 MHz and rich on-board N4A Communications and Management Software (CMS) agent to provide speedy market introduction of M2M deployments on Aeris’ network. With device and service management on board, Novatel Wireless assists customers with rapid and easy activation, deployment, maintenance and day-to-day operation in one single, robust, secure and scalable platform. Full Article
Novatel Wireless Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates
Novatel Wireless Inc announced that for first quarter of 2013, it expects revenue to be $83 - $93 million and Non-GAAP EPS to be $(0.19) - $(0.07). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $84 million and EPS of $(0.16) for first quarter of 2013. Full Article
Novatel Wireless Inc Issues Q4 2012 Revenue Guidance Below Analysts'' Estimates-Conference Call
Novatel Wireless Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $67 million to $80 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $96 million for fourth quarter of 2012. Full Article
Novatel Wireless Inc Files Additional Patent Infringement Lawsuit Against ZTE Corp.
Novatel Wireless Inc announced that it has filed a lawsuit against ZTE Corp., a Chinese company, and ZTE (USA), Inc. for infringing on a key Novatel Wireless patent related to the MiFi family of mobile hotspots and wireless data modems. The suit was filed in the United States District Court for the Southern District of California. This infringement lawsuit is the second patent infringement lawsuit Novatel Wireless has filed against ZTE related to technology in mobile hotspots. Full Article
Novatel Wireless, Inc. Issues Q3 2012 Guidance Below Analysts' Estimates
Novatel Wireless, Inc. announced that for third quarter of 2012, it expects revenue to be in the range of $76-$84 million and non-GAAP earnings per share (EPS) in the range of $(0.33)-$ (0.21). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $104 million and EPS of $(0.15) for third quarter of 2012. Full Article
Novatel Wireless, Inc. Secures Patent Covering Wireless Gateway Architecture Including Intelligent Mobile Hotspot Products
Novatel Wireless, Inc. announced that it has been granted U.S. Patent No. 8,208,517 entitled Systems and methods for multi-mode wireless modem, a core invention covering Intelligent Mobile Hotspot products, home automation gateway devices, fixed mobile convergence routers and general machine-to-machine solutions involving wireless gateway implementation. The patent was issued on June 26, 2012 by the United States Patent and Trademark Office. Full Article
Novatel Wireless, Inc. Secures Contract From TIESSE SpA
Novatel Wireless, Inc. announced that it has been selected by TIESSE SpA, Italian Telemetry device manufacturer for its M2M Enabler modules. The Enabler module is being integrated into TIESSE's Levanto routers providing one of the Italian utilities with upgraded communication for Automatic Meter Reading (AMR) concentrators. Full Article
Novatel Wireless, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates
Novatel Wireless, Inc. announced that for the second quarter of 2012, it expects revenue of $92-$104 million and non-GAAP EPS of $(0.17)-$(0.07). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $116 million and EPS of $0.02 for the second quarter of 2012. Full Article
Novatel Wireless, Inc. And NexTraq Sign Supply Agreement For Fleet Management Solution
Novatel Wireless, Inc. and NexTraq announced that they have signed a supply agreement for mobile tracking devices. Under the agreement, Novatel Wireless will supply its MT 3000 device for NexTraq's GPS fleet tracking solution. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
