Diversified Communications Stocks: BlackBerry Ltd (NASDAQ:BBRY), Oi SA (ADR) (NYSE:OIBR), Gogo Inc (NASDAQ:GOGO), Towerstream Corporation (NASDAQ:TWER)

Technology Stocks News 20

BlackBerry Ltd (NASDAQ:BBRY)’s Z3 is off to a flying start in Indonesia. The phone, the first as part of BlackBerry’s five-year deal with the contract manufacturer, was out of stock in Jakarta. BlackBerry has been aggressively promoting the device and has converted the city’s Central Park Mall into a huge BlackBerry Z3 store. BlackBerry Ltd (NASDAQ:BBRY) stock performance was 0.21% in last session and finished the day at $7.24. Traded volume was 4,362,400 shares in the last session and the average volume of the stock remained 16.63 million shares. The beta of the stock remained 1.23. BlackBerry Ltd (NASDAQ:BBRY) insider ownership is 679%.

Oi SA (ADR) (NYSE:OIBR)’s shares jumped 4.77% to $0.84. Oi S.A. (“Oi”, Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) and Telemar Participacoes S.A. (“TmarPart”), on May 16 hereby discloses the transaction that will result in the combination of activities, business and shareholder bases of Oi, Portugal Telecom SGPS S.A. (“Portugal Telecom” and, together with Oi and TmarPart, the “Companies”) and TmarPart (“Transaction”) to their shareholders and the market in general. Oi SA (ADR) (NYSE:OIBR) rose 1.13 percent to $0.844 yesterday on volume of 23,462,400 shares. The intra-day range of the stock was $0.82 to $0.88. Oi SA (ADR) (NYSE:OIBR) has a market capitalization of $5.21 billion.

Gogo Inc. (NASDAQ: GOGO), announces that its business aviation group, Aircell, has appointed Shuaib Shahid to the position of Manager, Service Sales.In his new position, Shuaib is responsible for developing the company’s Inmarsat-based service initiatives in the global business aviation market, including the new SwiftBroadband airtime programs being unveiled today. He reports to Andy Geist, Aircell’s Senior Vice President, Business Aviation Solutions, and is based in London. John Wade, Aircell’s Executive Vice President and General Manager, said, “We’re pleased to welcome Shuaib to our team his knowledge and expertise will be of great value to our business aviation customers, particularly those in the European region.” Gogo Inc (NASDAQ:GOGO)’s stock on May 19, 2014 reported an increase of5.85% to the closing price of $14.48. Its fifty two weeks range is $9.71 -$35.77. The total market capitalization recorded $1.23 billion. The overall volume in the last trading session was 6,726,000 shares. In its share capital, Gogo Inc (NASDAQ:GOGO) has 85.04 million outstanding shares.

Towerstream Corporation (NASDAQ:TWER) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost over 18% in the past one-month time frame. On Monday, shares of Towerstream Corporation (NASDAQ:TWER) advanced 8.64% to close the day at $1.76. Company return on investment (ROI) is -34.10% and its monthly performance is recorded as -12.00%. Towerstream Corporation (NASDAQ:TWER) quarterly revenue growth is -33.08%.

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