Ethernity Networks (ENET) has announced it has delivered its UEP2025 platform to a “prominent microwave wireless OEM customer”, noting that “the customer has indicated to Ethernity that it expects wireless internet service providers to find the product attractive due to its ability to transmit higher throughput over E-Band 10Gbps radio ports, while utilising existing microwave links as backup for continuous service”. So what of a current share price response up by 7.7% to 10.5p, to give an £8.2 million market cap?
A “Contract cancellation” announcement from Ethernity Networks (ENET), though the company states it “strongly rejects” the customers argument and considers it “unrelated to the Ethernity developments” as well as that “per customer interactions and discussions, the management remain of the view that the UEP2025 has the potential to generate additional revenues for the company”. So what of a current share price response down to 9.25p?
Just over a week ago Ethernity Networks (ENET), describing itself as “a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks”, was “pleased to report” that its ‘UEP-20’ product “passed the field trials, with bonding successfully performed on a variety of products from multiple vendors, indicating the ability of the solution's interoperability and flexibility”. The announcement was though an RNS Reach i.e. “non-regulatory”, and I’ve stated the question to ask on such announcements to be ‘Is there a financial reason for such an announcement to now be made?’. Today a placing and subscription...
Ethernity Networks (ENET) is “very pleased” to have started receiving production orders for its Flow Processor FPGA systems-on-chip from American wireless broadband solution manufacturer Tarana Wireless Inc., and the shares have currently responded 10% higher to 33p. Justified?...
A “Delivery of ACE-NIC100 to Major Server Vendors” announcement from Ethernity Networks (ENET) and the shares are currently more than 6% higher, at 34p, on the back of it. But what does the news mean and what is its financial import?...
