Equity markets struggled on Tuesday as concerns over a possible U.S. debt-default weighed down sentiment. All three indexes posted losses on Tuesday, snapping a three-day winning streak. Although the broad market struggled, shares of MER Telemanagement Solutions Ltd. (NASDAQ: MTSL), a worldwide provider of solutions for telecommunications expense management (TEM) and billing solutions, surged.
The rally in TEM shares was sparked after the Israel-based company announced that it signed a three-year agreement with SBC Communications LLC, a U.S.-based service provider of Internet, cable TV, home phone and wireless services. Under the terms of the agreement, MTSL will provide its cloud and managed services Mobile Virtual Network Enabler (MNVE) solution.
MTSL’s MVNE managed services and cloud solution offers established and new MVNOs like SBC Communications an ideal service platform to enable a quick market penetration, flexible personalization, and rapid systems integration into any business operation.
Commenting on the agreement, Fabio Campagna, Director of Business Development-MNVE at MTSL, said that the company is very excited to be selected by SBC Communications as its new MNVO partner and looks forward to providing them with its proven MNVE solution that will optimize business operations and provide them with a full suite of advanced features and services.
The agreement with SBC Communications comes after MTSL’s TEM Suite received a 2012 Communications Solutions Product of the Year Award from TMC and the editors of Internet Telephony and Customer magazines.
John Venditti, VP of Marketing at MTSL, said that the continued growth and complexity of communication technologies within the enterprise has created a demand for a solution that can manage all facets of a wireline and wireless telecom lifecycle from policy compliance to cost optimization and security management.
MTSL reported its most recent quarterly results (Q2) back in August. For the second quarter, the company reported revenue of $3.1 million, compared to $3.3 million reported for the same period in the previous year. The company’s operating profit for the quarter was $377,000, compared to $517,000 reported for the same period in the previous year. Net income for the quarter came in at $309,000, or $0.07 per share, compared to $460,000, or $0.10 per share reported for the same period in the previous year.
Revenue for the six-month period ended June 30, 2013 was $6.4 million, up from $6.3 million reported for the same period in the previous year.
Eytan Bar, CEO of MTSL, said following the release of second-quarter results that the company is seeing opportunities in the TEM, MVNE and Mobile Money markets and is working diligently to convert the opportunities into new contracts. The significant progress made by MTSL has been noticed by investors, and on Tuesday, the company’s shares surged to an intra-day high of $3.44. The stock pared some of its gains later in the day as the broader market struggled. However, it still finished 46.73% higher at $2.70.
MTSL shares broke through $2.20 resistance level on Tuesday. The stock also crossed above its 50-day and 200-day moving averages as a result of the rally. The MACD chart suggests that the upward trend could continue.
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The rally in TEM shares was sparked after the Israel-based company announced that it signed a three-year agreement with SBC Communications LLC, a U.S.-based service provider of Internet, cable TV, home phone and wireless services. Under the terms of the agreement, MTSL will provide its cloud and managed services Mobile Virtual Network Enabler (MNVE) solution.
MTSL’s MVNE managed services and cloud solution offers established and new MVNOs like SBC Communications an ideal service platform to enable a quick market penetration, flexible personalization, and rapid systems integration into any business operation.
Commenting on the agreement, Fabio Campagna, Director of Business Development-MNVE at MTSL, said that the company is very excited to be selected by SBC Communications as its new MNVO partner and looks forward to providing them with its proven MNVE solution that will optimize business operations and provide them with a full suite of advanced features and services.
The agreement with SBC Communications comes after MTSL’s TEM Suite received a 2012 Communications Solutions Product of the Year Award from TMC and the editors of Internet Telephony and Customer magazines.
John Venditti, VP of Marketing at MTSL, said that the continued growth and complexity of communication technologies within the enterprise has created a demand for a solution that can manage all facets of a wireline and wireless telecom lifecycle from policy compliance to cost optimization and security management.
MTSL reported its most recent quarterly results (Q2) back in August. For the second quarter, the company reported revenue of $3.1 million, compared to $3.3 million reported for the same period in the previous year. The company’s operating profit for the quarter was $377,000, compared to $517,000 reported for the same period in the previous year. Net income for the quarter came in at $309,000, or $0.07 per share, compared to $460,000, or $0.10 per share reported for the same period in the previous year.
Revenue for the six-month period ended June 30, 2013 was $6.4 million, up from $6.3 million reported for the same period in the previous year.
Eytan Bar, CEO of MTSL, said following the release of second-quarter results that the company is seeing opportunities in the TEM, MVNE and Mobile Money markets and is working diligently to convert the opportunities into new contracts. The significant progress made by MTSL has been noticed by investors, and on Tuesday, the company’s shares surged to an intra-day high of $3.44. The stock pared some of its gains later in the day as the broader market struggled. However, it still finished 46.73% higher at $2.70.
MTSL shares broke through $2.20 resistance level on Tuesday. The stock also crossed above its 50-day and 200-day moving averages as a result of the rally. The MACD chart suggests that the upward trend could continue.
View to Original post :- Click here
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