市场见解

Etherstack (ASX:ESK) share price soars 7% on initial order with telecommunications giant

The company’s shares are pushing higher…
The post Etherstack (ASX:ESK) share price soars 7% on initial order with telecommunications giant appeared first on The Motley Fool Australia. –

The Etherstack PLC (ASX: ESK) share price is bucking the trend on the All Ordinaries Index (ASX: XAO) today. This comes after the communications wireless technology company announced a positive update to the market.

At the time of writing, Etherstack shares are fetching for 58 cents, up 7.41%. In comparison, the All Ords is hovering around 7,531 points, down 2.23%.

Etherstack secures first order with AT&T

Investors are sending the Etherstack share price higher after digesting the company’s latest news.

According to its release, Etherstack advised that it has been awarded an initial order with American conglomerate AT&T.

The order is for the supply of Etherstack software licences and equipment, as well as integration and professional services.

Etherstack operates in wireless communications technologies for customers in the public safety, defence, utilities and mining industries. The company’s protocol stacks are exported globally and licensed by leading radio manufacturers.

The first order is expected to generate around US$420,000 (A$575,000) with delivery and revenue to be recognised this financial year.

Etherstack CEO David Deacon commented:

We are extremely honoured to secure our first direct deal with AT&T. It is a great achievement for Etherstack’s team and technology to be able to supply the world’s largest and most venerable telecommunications company.

We look forward to building a lasting relationship on the back of this initial order.

The win builds on the company’s recent success in securing another purchase order with communications provider RCS Telecommunications in May. That deal alone was worth $600,00 with most of the funds received in FY21.

About the Etherstack share price

The majority of the last 12 months has been relatively indifferent for Etherstack shares. However, a sharp and sudden dip in May saw the company’s share price plunge to 46 cents, before picking up again.

Since then, its shares have gradually trodden lower to post a loss of around 7% year-to-date.

Based on today’s price, Etherstack presides a market capitalisation of about $75.1 million and has approximately 131 million shares outstanding.

The post Etherstack (ASX:ESK) share price soars 7% on initial order with telecommunications giant appeared first on The Motley Fool Australia.

Should you invest $1,000 in Etherstack right now?

Before you consider Etherstack, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Etherstack wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

BlueScope Steel (ASX:BSL) share price sinks 7% despite strategy update
The Pilbara Minerals (ASX:PLS) share price is down 6% today. Is it a buy?
Just when you thought the AMP (ASX:AMP) share price couldn’t sink any lower…
Why is the CBA (ASX:CBA) share price outperforming its big four peers today?
Why the Deep Yellow (ASX:DYL) share price is tanking 18% today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!