Communications Systems, Inc. (JCS)

Despite a 2% stock price decline, L3Harris Technologies remains a buy due to its strong market position and better performance than the S&P 500. The company's diverse segments, particularly Communication Systems, show significant growth potential, with a focus on cyber, ISR, and hypersonics. First quarter earnings reveal mixed results, with overall sales down but profits growing, particularly in Communication Systems and Aerojet Rocketdyne.

SBA Communications Co. (NASDAQ:SBAC – Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.98 per share by the technology company on Wednesday, June 19th. This represents a $3.92 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, May 22nd. SBA Communications has increased its dividend payment by an average of 22.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. SBA Communications has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SBA Communications to earn $12.51 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 31.3%. SBA Communications Trading Down 1.7 % Shares of SBAC opened at $199.38 on Monday. The company’s 50-day moving average price is $205.70 and its 200 day moving average price is $222.49. SBA Communications has a 12-month low of $183.64 and a 12-month high of $258.76. The firm has a market cap of $21.42 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. SBA Communications (NASDAQ:SBAC – Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.21 by $0.21. SBA Communications had a net margin of 20.61% and a negative return on equity of 10.75%. The firm had revenue of $657.86 million for the quarter, compared to analyst estimates of $671.08 million. During the same period in the prior year, the business posted $3.13 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts forecast that SBA Communications will post 12.53 earnings per share for the current year. Insider Activity at SBA Communications In other news, Director Mary S. Chan sold 1,977 shares of SBA Communications stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $217.99, for a total value of $430,966.23. Following the transaction, the director now directly owns 4,622 shares of the company’s stock, valued at approximately $1,007,549.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently issued reports on SBAC. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. TD Cowen lowered their price objective on shares of SBA Communications from $266.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. KeyCorp cut their target price on shares of SBA Communications from $276.00 to $227.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada decreased their price target on shares of SBA Communications from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company decreased their price objective on SBA Communications from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $252.25. Read Our Latest Analysis on SBAC About SBA Communications (Get Free Report) SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.

North Korea has fired a ballistic missile, the South Korean military said on Tuesday. North Korea launched what appeared to be an intermediate-range ballistic missile (IRBM) from the Pyongyang area at about 6:53 am local time (2153 GMT on Monday) toward the East Sea, also known as the Sea of Japan, the general staff in Seoul (JCS) said. According to the South Korean military the missile travelled some 600 kilometres before ending in the sea. Data on the missile test is being analyzed in cooperat...

According to the Upcoming Special Dividends Screen, a Premium feature of GuruFocus, five stocks that are paying a lump-sum dividend over the next month are American Financial Group Inc. ( AFG , Financial), CBM Bancorp Inc. ( CBMB , Financial), PJT Partners Inc. ( PJT , Financial), Weyerhaeuser Co. ( WY , Financial) and Communications Systems Inc. ( JCS , Financial).

The stock price of Communications Systems, Inc. (NASDAQ: JCS) increased by more than 35% pre-market. This is why it happened.

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), today announced that its board of directors has declared a special dividend of $3.50 per share payable on October 15, 2021, to CSI shareholders of record at the close of business on September 30, 2021. The aggregate amount of the special dividend is approximately $34.0 million, to be funded from the net proceeds of the sale of CSI's Transition Networks and Net2Edge businesses, which comprise

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), which has operated as a global IoT intelligent edge products and services company, today announced consolidated financial results for the second quarter (“Q2”) ended June 30, 2021, including a discussion of results of operations by segment. Management Comments for Q2 2021 Roger Lacey, CSI's Interim CEO and Chairman of the Board, commented, “During Q2 2021 we continued to grow revenues and im

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), today announced that following CSI shareholder approval and satisfaction of other customary conditions, it completed the sale of the Transition Networks and Net2Edge businesses, which comprised substantially all of the assets of the Company's Electronics & Software Segment, to Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”). At the closing, CSI received a $24.16 million cash payment, which

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), formerly an IoT intelligent edge products and services company, today announced that at its Special Shareholder Meeting held today, July 28, 2021, CSI shareholders approved the sale of the Company's Transition Networks and Net2Edge businesses, which comprise the Company's Electronics & Software Segment assets, to Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”). This Special Shareholder Meet

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) announced today that it has entered into an agreement with a group of institutional investors (the “PIPE Investors”) to make a $25.0 million private placement investment in CSI in connection with the closing of the previously announced merger between CSI and Pineapple Energy, LLC (“Pineapple”). Proceeds of this investment will used primarily to fund Pineapple strategic initiatives. The closin

NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Communications Systems, Inc. (NASDAQ: JCS)  concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Pineapple Energy, LLC. Upon closing, Communications Systems shareholders are expected to initially hold approximately 37% of the total shares of the combined company, which is expected to decrease over time.

On Thursday, Direxion launched the Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and the Direxion Daily 5G Communications Bull 2X Shares (TENG). The Funds seek to achieve 200% of the daily performance of the BlueStar® Travel and the Vacation Index and BlueStar® 5G Communications Index, respectively.

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), which has operated as a global IoT intelligent edge products and services company, today announced financial results for the first quarter (“Q1”) ended March 31, 2021, including a discussion of results of operations by segment. Management Comments for Q1 2021 Anita Kumar, CSI's CEO commented, “Although our operations in Q1 2021 continued to be affected by the COVID-19 pandemic which resulted

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it entered into a definitive securities purchase agreement (“Purchase Agreement”) with Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”), to sell the Company's Transition Networks and Net2Edge businesses to Lantronix for a base price of $25.0 million to be paid at closing, subject to a working capital adjustment following

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced financial results for the fourth quarter and full year (“FY”) ended December 31, 2020. Q4 2020 Financial Highlights vs Q4 2019 Q4 2020 consolidated sales from continuing operations decreased by 24% to $11.7 million compared to $15.4 million in Q4 2019, due to lower sales from the Electronics & Software segment compare

MILWAUKEE, March 2, 2021 /PRNewswire/ -- Ademi LLP is investigating CSI (NASDAQ: JCS) for possible breaches of fiduciary duty and other violations of law in its transaction with Pineapple Energy. Click here to learn how to join the action:...