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JCS News and Press, Communications Systems Inc. From 04/29/21

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Company Name: Communications Systems Inc.
Stock Symbol: JCS
Market: NASDAQ

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JCS - CORRECTING and REPLACING - Lantronix Announces Definitive Agreement to Acquire Electronics and Software Reportable Business Segment From Communications Systems Inc.

IRVINE, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Lantronix (NASDAQ: LTRX), please note that the timespan in the third bullet has been changed to an 18-month period. In addition, a sentence was added stating that Silicon Valley B...

JCS - Communications Systems to Sell its Transition Networks and Net2Edge Businesses for $25.0 Million Paid at Closing Plus up to an Additional $7.0 Million in Earnout Payments

Following closing, CSI intends to distribute $3.50 cash per share or approximately $35 million to its shareholders from the net sale proceeds and other available cash Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT ...

JCS - Lantronix to acquire Electronics and Software segment of Communications Systems

Lantronix (LTRX) entered into a definitive Securities Purchase Agreement to acquire Transition Networks and Net2Edge, which comprises the Electronics and Software reportable business segment of Communications Systems (JCS).Lantronix will pay a base price of $25M plus an earn out of ...

JCS - Lantronix Announces Definitive Agreement to Acquire Electronics and Software Reportable Business Segment From Communications Systems Inc.

Transaction brings increased scale and operating efficiencies to Lantronix; combined annual revenue expected to exceed $100 million Adds complementary switching, PoE and media conversion technologies to Lantronix IoT connectivity portfolio Anticipates $7 million in ann...

JCS - Belden: A Turnaround Play Worth The Risk

Revenues have been on the decline since 2017, and the share price is -53.20% from all-time highs as a consequence. The company is highly profitable as gross profit margin and EBITDA margin are high. The dividend payout is marginal, so dividend investors should stay away. The c...

JCS - Communications Systems, Inc. Reports 2020 Fourth Quarter and Year-End Financial Results

Company Also Updates Shareholders on Progress Towards Completing its Previously Announced Merger with Pineapple Energy Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”) , an IoT intelligent edge products and services company,...

JCS - Ecessa Corporation Amplifies Security with Latest Firmware Release

Multi-factor authentication and geographic blocking of emerging threats address key security concerns. Ecessa Corporation, a leading provider of secure SD-WAN solutions today announced it has added several advanced security features to its latest firmware release, version 12...

JCS - Rocket Companies, Magnolia Oil & Gas leads the premarket losers' pack

Luokung Technology (LKCO) -11%.Magnolia Oil & Gas (MGY) -11% on pricing 17M shares in secondary offering.Stratasys (SSYS) -10% on pricing ~7M stock offering.PLx Pharma (PLXP) -9% after proposed capital raise.STRATA Skin Sciences (SSKN) -8%.NanoViricides (NNVC...

JCS - Communications Systems leads tech gainers; Inseego and C3.ai among losers

Gainers: Communications Systems (JCS) +41%. Vislink Technologies (VISL) +20%. The OLB Group (OLB) +20%. Wayside Technology Group (WSTG) +16%. ClearOne (CLRO) +11%.Losers: Inseego (INSG) -31%. 3D Systems (DDD) -19%. C3.ai (AI) -17%. AppFolio (APPF) -16%. Switch (SWCH) -13%. For further detai...

JCS - DDD, NVAX, LMND and RKT among midday movers

Gainers: NanoViricides, Inc. (NNVC) +89%.Communications Systems, Inc. (JCS) +74%.Amyris, Inc. (AMRS) +41%.Hovnanian Enterprises, Inc. (HOV) +37%.Rocket Companies, Inc. (RKT) +36%.Perion Network Ltd. (PERI) +27%.The OLB Group, Inc. (OLB) +25%.Novan, Inc. (NOVN) +21%.Aemetis, Inc. (AMTX) +21%.S...

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