TESSCO Technologies Technical/Fundamental analysis gets news on Friday of deal with CISCO and everyone misses the news because only 246 followers on Stocktwits. Company is big into 5G and 4G wireless communications for helping to build smart cities. Has partnerships with Samsung, Google, Verizon, 3M, Sony, LG, Utilities, Oil Companies, USA Government and other big names.
Was a $12 dollar stock back in Jan 2020 before COVID-19 now going for $5.50. Company does $600 million revenue in a year, has $86 million in equity on the balance sheet, is gross profitable, and has only a $46 million dollar market cap with 8.5 million Outstanding Shares and 5.76 million public float. This means this stock is an Ultra Low Float.
Potential big bounce incoming, going back to $8 - $12 over the next few months.
www.tessco.com
www.tessco.com
May 29,2020 Press Release
$TESS manufacturing partnership with $CSCO Cisco. Ventev, the manufacturing unit of TESSCO Technologies, Inc, recently announced its selection as a partner in the Cisco Internet of Things Design-In Program. The program offers customers integrated power solutions, featuring Cisco industrial IoT networking and data solution products.
"The collaboration will help a variety of customers including Utilities, integrator's of Smart City applications, and other industries find the right products for their deployments, develop integrated solutions that address their needs, and deliver a connected IoT-enabled solution quickly."
www.marketwatch.com
Also there is some evidence that they have Disney as a customer and one of the largest Grocery Chains in the USA. Evidence to that will be explained below at the bottom of this post.
www.marketwatch.com
AND TO TOP IT ALL OFF, THEY STICK THIS IN THE EARNINGS CALL....which has not been publicly announced yet and I will be calling investor relations to tell them to get on the managements case about issuing a press release to make the investors and public aware of their intentions to supply PPE gear:
"In addition, several of our customers have asked us to support them in providing PPE gear for their crews and their employees. We are utilizing our supply chain resources to source masks and sanitizers, gloves, goggles and disinfectant wipes. We have received the first shipment of this gear in mid-April and began shipping it immediately to our customers. We are very proud to be playing a role in the recovery process during this pandemic."
Just one of the many cool products they have for sale:
UV SHIELD+ Sanitizer Unit - White
www.tessco.com
Connected home products from Google:
www.tessco.com
Also google: "TESSCO Technologies, Inc. (TESS) CEO Sandip Mukerjee on Q4 2020 Results - Earnings Call Transcript" I can't post link because it came from Seeking Alpha the transcript but it will confirm everything I have been saying in this entire post and lay out the companies ambitions with 5G and IoT.
"Our partnership with two of the world’s largest theme parks also remains strong. We are adapting our quick access Ventev bracket for small form factor antennas, for a new attraction. We expect these solutions will also have strong demand from other customers. bracket for small form factor antennas, for a new attraction. We expect these solutions will also have strong demand from other customers." $DIS
"We also continued with the second phase of a roll out for one of the largest grocery store chains in the U.S. We are supplying a custom Ventev antenna that will be placed in all stores’ freezers."
"TESSCO is an essential business as defined by the Department of Homeland Security, and remains open to serve our customers and provide support to our nation’s communications infrastructure needs, by providing critical equipment and vital services to fill the urgent needs of telecom companies, service providers, emergency responders, law enforcement, defense and security personnel as well as thousands of private entities that support these groups throughout our nation."
