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We are excited to present FTE Networks, Inc. (OTC: FTNW).

Full DD Report for FTNW

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Recent News from (OTC: FTNW)

Latest Telecommunications and IT Infrastructure Developments For New Communities Producing Robust Profit Opportunities
Palm Beach, FL – (August 28, 2018) – As the world becomes ever more digitally and globally connected, industries are experiencing an Information and Telecommunications driven transformation while the market for industry digitalization is only just beginning. With the introduction o...
Source: MarketNewsUpdates.com
Date: August, 28 2018 08:04
FTE's CrossLayer(TM) to Enter Canadian Market Through Ontario-Based Buttcon Holdings Limited
NAPLES, Fla., Aug. 28, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American: FTNW) (“FTE” or the “Company”), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today anno...
Source: GlobeNewswire
Date: August, 28 2018 08:00
FTE Networks, Inc. (FTNW) CEO Michael Palleschi on Q2 2018 Results - Earnings Call Transcript
FTE Networks, Inc. (FTNW) Q2 2018 Results Earnings Conference Call August 21, 2018, 04:30 PM ET Executives Gregory Davis - MZ Group Michael Palleschi - President and CEO David Lethem - CFO Ted Haberfield - President, MZ Group Analysts Presentation Operator Greetin...
Source: SeekingAlpha
Date: August, 21 2018 19:36
FTE Networks Reports Second Quarter 2018 Results
Revenue Increases 63.4% to $86.4 Million (Y-O-Y pro forma), Adjusted EBITDA of $7.6 Million Company Reiterates 2018 Guidance NAPLES, Fla., Aug. 15, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technolo...
Source: GlobeNewswire
Date: August, 15 2018 08:30
FTE Networks Reports Preliminary Second Quarter 2018 Revenues; Announces Second Quarter Financial Results Call
NAPLES, Fla., Aug. 06, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today reported preliminary financial resul...
Source: GlobeNewswire
Date: August, 06 2018 08:41
FTE Networks Awarded New Contracts Totaling Approximately $61.4 Million
NAPLES, Fla., Aug. 01, 2018 (GLOBE NEWSWIRE) -- FTE Networks , Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that its infra...
Source: GlobeNewswire
Date: August, 01 2018 08:30
FTE Networks awarded new contracts totaling ~$42.7M
FTE Networks (NYSEMKT: FTNW ) announced that its infrastructure segment has been awarded ~$42.7M new projects. More news on: FTE Networks, Inc., Read more ...
Source: SeekingAlpha
Date: July, 10 2018 09:20
FTE Networks Awarded New Contracts Totaling Approximately $42.7 Million
NAPLES, Fla., July 10, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, today announced that its infrastructure seg...
Source: GlobeNewswire
Date: July, 10 2018 09:15
Technology - Top 5 Gainers / Losers as of 2.50 PM (07/06/2018)
Gainers:  OTCPK:LFIN +30% . IMI +7% . MJCO +7% . CRNT +7% . EGAN +7% . More news on: LongFin Corp.A, Intermolecular, Inc., Majesco, Tech stocks news, Stocks on the move, , Read more ...
Source: SeekingAlpha
Date: July, 06 2018 14:52
FTE Networks Added to the Russell Microcap® Index
NAPLES, Fla., June 25, 2018 (GLOBE NEWSWIRE) -- FTE Networks, Inc. (NYSE American:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and intelligent buildings, was added as a member of the Russell Microc...
Source: GlobeNewswire
Date: June, 25 2018 08:30

 


Last 5 Days Trading Activity

DateOpen PriceClose PriceHighLowVolume
2018-12-143.633.413.633.36190,134
2018-12-133.653.473.653.35220,046
2018-12-123.793.493.8343.45178,964
2018-12-113.823.433.943.35142,435
2018-12-103.903.794.123.6086,224

Last 5 Days Short Activity

DateShort VolumeTotal VolumeShort PercentageShort Indicator
2017-12-1310,80416,23366.5558Short
2017-12-123,7888,23945.9765Short
2017-12-1123,97238,39462.4368Short
2017-12-082,0007,21127.7354Cover
2017-12-072,5395,78443.8970Short

* Short Mode

Short Analysis provided by Squeeze Report. Get a complete short report on FTNW.


About FTE Networks, Inc. (OTC: FTNW)

Logo for FTE Networks, Inc. (OTC: FTNW)

FTE Networks, Inc., and its businesses provide end to end design, build, and support solutions for state of the art network and commercial properties, creating the most advanced and transformative smart platforms and buildings. Working with some of the world s leading Fortune corporations and communications service providers, FTE s businesses are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of innovative projects and services. FTE Networks and its subsidiaries operate Lines of Business, including: Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, Internet Service Provider, Construction Management, General Contracting, amp Pre Construction Services. With approximately employees, FTE and its entities have operations in states and Europe. For more information, please visit: www.ftenet.com.

 

Contact Information

 

 

Current Management

  • Michael Palleschi / CEO, President
    • Mr. Michael Palleschi currently serves as the Chief Executive Officer and Chairman of the Board of Directors of FTE Networks since being appointed in January . Mr. Palleschi has over years of experience in the telecom industry and in his current position as CEO, he is taking a hands on approach of overseeing daytoday operation for all core business structures. Responsibilities include supervising the managerial team, ensuring project efficiency from onboarding to completion, maintaining corporate communication, new business development, office advancement, vendor and client relations, corporate compliance continuance, procurement and contracts, and operations budget management. As customer focused and results driven executive, he has a proven talent for harnessing cuttingedge technology to strengthen corporate systems and maximize operations. He is an established business cultivator that has aggressive experience in managing small to large firms, through the period of company launch to multimillion dollar success and has done so in highly technical fields. With his expert knowledge in developing and delivering communications networks, he has maintained a reputable record of aligning corporate processes with the company growth strategy. His core competency is based on streamlining operations, improving servicedelivery efficiency and enhancing the bottom line. Being a decisive, resultsdriven project and program leader he has remained committed to reducing costs and increasing ROI through constant technical innovation. Mr. Palleschi joined FTE Networks in October, where he served as COO of Focus Venture Partners, which featured investments in growing telecom companies including Focus Fiber Solutions, JusCom and Townsend Careers.
  • Fred Sacramone / President, Subsidiary
    • Fred Sacramone joined FTE Networks in April , when the Company acquired Benchmark Builders, Inc., a leading provider of construction management services based in New York. Mr. Sacramone was a cofounder of Benchmark in , and served as the company s president, continuing in that role following the transaction with FTE while becoming a member of the FTE Networks Board of Directors. Previously, Mr. Sacramone held senior roles in project management, overseeing large and complex projects. He attended the University of Massachusetts Amherst and received a Bachelors of Business Administration with a concentration in Finance and Economics.
  • Lynn Martin / COO, President, Subsidiary
    • Prior to joining FTE, Lynn was head of the communications, software, and technology division of Nexius where he was responsible for growing the business by delivering endtoend network solutions for emerging technologies, such as Open Source/NFV/SDN and infrastructure services that provided relevant value to customers and helped them to optimize their businesses. In addition to leading the software and technology teams, he created several new business offerings in Engineering, Fiber and Open Source development where he joined efforts with Open Compute Project and Telecom Infra Project communities both founded by Facebook to provide new network architectures and solutions with greater simplicity and efficiency. Before Nexius, Martin served as Executive Director of Telcordia Technologies, where he ran the company s next generation software product line, was a senior strategist in Accenture s Network Practice, and spent over a decade at Level Communications at VP of Operational Integration and Process Management.
  • David Lethem / CFO, Principal Acct. Officer, Treasurer
    • Mr. David Lethem was named Chief Financial Officer of FTE in June . He is responsible for the financial management of the Company. Mr. Lethem was originally hired by FTE in April as VP of Corporate Compliance. Prior to joining FTE, Mr. Lethem was the Director of Finance and Audit for Audit Management Solutions, Incorporated since November of . He was directly responsible for the financial, operational, and audit management of both public and private companies during that time, working the banking, telecommunications, mobile marketing, manufacturing, and finance sectors. Additionally, his experience during that time involved reverse mergers, SEC compliance, international operations, and technical accounting matters. Mr. Lethem earned his Bachelor of Arts degree at the University of Dubuque, his MBA from California Coast University, and holds his CIA and CRMA from the Institute of Internal Auditors.
  • Mike Bonewitz / CTO
    • Mike has over years of senior management experience in communications network engineering and information technology industries developing cutting edge capabilities via advanced IT automation and data analytics driving operational and financial performance. Prior to FTE, Mike was VP of Strategy and Product Development for Cloud services, Fiber engineering and construction at Nexius where he developed and launched the company s first fiber deployment program supporting multiple Tier service providers in the US. He also led the company strategy and participation into Open Compute Project OCP as a Platinum member and as an original member of Facebook s Telecom Infra Project TIP . He has held previous technology and engineering leadership positions with Ericsson, Zayo and Level .
  • Anthony Sirotka / Chief Admin. Officer
    • Anthony Sirotka joined the FTE Networks team in bringing over years of experience in the telecommunications and construction industry. He is responsible for overseeing engineering, analyzing and developing new market initiatives, customer relationships, negotiating contracts and closing deals. Prior to joining FTE, Mr. Sirotka was Principal of LQ Optics, a NYC based telecommunications infrastructure solution firm. In , Anthony served as the Senior Northeast Program Manager with Level Communications. There, he was responsible for more than million dollars of missioncritical new construction in the northeast. Since , Mr. Sirotka serves as an active board member on the York Avenue Condominium Board. Anthony obtained his BS in Business Management from New York Institute of Technology
  • Kirstin L. Gooldy / Chief Compliance Officer, Secretary
    • Kirstin L. Gooldy joined FTE Networks, Inc. as its Chief Compliance Officer/Investor Relations in January . Ms. Gooldy is responsible for spearheading key corporate strategies within Investor Relations, Capital Raise Initiatives, Merger and Acquisitions and Corporate and Regulatory Compliance. Ms. Gooldy brings over years of operational and financial experience within public and private companies in the Telecommunications industry. Prior to joining FTE Networks she was the CFO and Board Member of Powerstorm ESS leading the team in implementing its corporate initiatives with a focus in Financial Accounting and Public Reporting, Investor Relations, Corporate Governance and Capital Raises. She led the organization s NASDAQ uplist, international expansion, aggressive growth strategies. Prior to that role, Ms. Gooldy was a founding member of TelePacific Communications where she served as the Director of Finance and Treasury. She managed and led the company s Finance and Legal teams including, capital raise initiatives, investor relations, treasury management, financial reporting and controls, corporate compliance, merger and acquisitions, and contract negotiation and management. Her background and experience provides for the demonstrated ability to streamline business operations, drive growth and increase efficiency delivering top line growth and bottomline profit.
  • Michael Palleschi / Chairman
    • Mr. Michael Palleschi currently serves as the Chief Executive Officer and Chairman of the Board of Directors of FTE Networks since being appointed in January . Mr. Palleschi has over years of experience in the telecom industry and in his current position as CEO, he is taking a hands on approach of overseeing daytoday operation for all core business structures. Responsibilities include supervising the managerial team, ensuring project efficiency from onboarding to completion, maintaining corporate communication, new business development, office advancement, vendor and client relations, corporate compliance continuance, procurement and contracts, and operations budget management. As customer focused and results driven executive, he has a proven talent for harnessing cuttingedge technology to strengthen corporate systems and maximize operations. He is an established business cultivator that has aggressive experience in managing small to large firms, through the period of company launch to multimillion dollar success and has done so in highly technical fields. With his expert knowledge in developing and delivering communications networks, he has maintained a reputable record of aligning corporate processes with the company growth strategy. His core competency is based on streamlining operations, improving servicedelivery efficiency and enhancing the bottom line. Being a decisive, resultsdriven project and program leader he has remained committed to reducing costs and increasing ROI through constant technical innovation. Mr. Palleschi joined FTE Networks in October, where he served as COO of Focus Venture Partners, which featured investments in growing telecom companies including Focus Fiber Solutions, JusCom and Townsend Careers.
  • Christopher Ferguson / Compensation Committee Member
    • Mr. Ferguson serves as the Managing Director of Tern Capital Partners, LLC, a private equity investment firm founded by Mr. Ferguson in . Presently, the Tern Capital portfolio includes investments in manufacturing operations, commercial real estate and several companies in the business services sector. In , Mr. Ferguson cofounded a company in the fiber network industry and served as CEO of the company until June . The central focus of Tern Capital is to identify unique value opportunities in middle market companies. In September , Inc. Magazine listed Mercer Staffing as the th fastest growing private company in America. Mercer, founded by Mr. Ferguson and his partner, Michael Traina, in August of , provides innovative workforce management solutions to a variety of industries including transportation and engineering. Prior to founding Mercer, Mr. Ferguson and former New Jersey Governor, James J. Florio founded The Florio Group, a private equity investment company. Between and , The Florio Group and its investment partners provided more than million in financing to seventeen different transactions in a variety of industries including manufacturing, distribution and healthcare services. As Managing Director of The Florio Group, Mr. Ferguson was responsible for evaluating the companies that were seeking financing performing due diligence and maintaining relationships with The Florio Group s network of investment partners. Mr. Ferguson served as Chief Financial Officer for Cabot Marsh Corporation in and remained as a director for the company until . Cabot Marsh Corporation became the rd fastest growing private company in America for according to Inc. Magazine.
  • Luisa Ingargiola / Independent Director, Audit Committee Member
    • Luisa Ingargiola graduated in from Boston University with a Bachelor Degree in Business Administration and a concentration in Finance. In , she received her MBA in Health Administration from the University of South Florida. In , Ms. Ingargiola joined Boston Capital Partners as an Investment Advisor in their Limited Partnership Division. In this capacity, she worked with investors and partners to report investment results, file tax forms, and recommend investments. In , Ms. Ingargiola joined MetLife Insurance Company as a Budget and Expense Manager. In this capacity she managed a million dollar annual budget. Her responsibilities included budget implementation, expense and variance analysis and financial reporting. From through , Ms. Ingargiola served as the Chief Financial Officer at MagneGas Corporation and continues to serve as a director. Ms. Ingargiola serves as the Audit Committee Chair for COPsync, Inc. Nasdaq: COYN and FTE Networks, Inc. OTC: FTNW and serves as a director for OptaCorp. and The JBF Foundation Worldwide, a c nonprofit.
  • Brad Mitchell / Independent Director
    • Brad Mitchell currently serves as president of TelePacific Communications Texas, and is responsible for TelePacific s operations across the state. Mr. Mitchell brings a unique combination of insider knowledge and wideranging industry experience gained in both the venture capital and established industry leader arenas. Mitchell returned to TelePacific after previously serving as Senior Vice PresidentField Operations, and was instrumental in creating TelePacific s customercentric structure by leading the TelePacific s sales operations during TelePacific s early years. Prior to TelePacific, Mr. Mitchell served as Area Vice President at Sprint PCS, where he launched and operated several markets in the southeast, including New Orleans and Atlanta. More recently, he served as Executive Vice President of Cable amp Wireless International Accounts and also built a highly successful retail franchise operation. Mitchell earned a degree in Business Administration from Oglethorpe University in Atlanta.
  • Patrick O Hare / Independent Director
    • Patrick O Hare has over years experience in the telecommunications industry and is currently the Senior Vice President of Operations at ZenFi Networks, Inc. where he is responsible for network planning, engineering, operations, and service delivery. Prior to ZenFi, Mr. O Hare was the Senior Vice President of Operations and Engineering at Sidera Networks where he led all operations, service delivery and engineering functions and was instrumental in the company s acquisition by Berkshire Partners. Mr. O Hare was also the Senior Vice President of Operations and Engineering at RCN Metro, Sidera s predecessor company, and was integral to the company s acquisition by ABRY Partners and the successful separation of assets from the RCN Cable parent company. Previously, he was Vice President of Field Operations for Zayo Bandwidth, where he was responsible for all aspects of field operations and the company s fiber to the tower deployments. Prior to that, Patrick was Vice President for Field Operations for Level Communications, where he was responsible for field operations, outside plant, colocation and facilities for the East region of North America. Before joining Level in , he held several management positions of increasing responsibility in corporate communications, customer service and operations at Verizon s predecessor companies NYT, NYNEX and Bell Atlantic.
  • Fred Sacramone / Director
    • Fred Sacramone joined FTE Networks in April , when the Company acquired Benchmark Builders, Inc., a leading provider of construction management services based in New York. Mr. Sacramone was a cofounder of Benchmark in , and served as the company s president, continuing in that role following the transaction with FTE while becoming a member of the FTE Networks Board of Directors. Previously, Mr. Sacramone held senior roles in project management, overseeing large and complex projects. He attended the University of Massachusetts Amherst and received a Bachelors of Business Administration with a concentration in Finance and Economics.

Current Share Structure

  • Market Cap: $142,702,475 - 03/15/2018
  • Authorized: 8,000,000 - 03/15/2018
  • Issue and Outstanding: 5,850,860 - 03/15/2018
  • Float: 1,886,659 - 11/12/2017

 


Recent Filings from (OTC: FTNW)

Notification that form 10-Q will be submitted late
Filing Type: NT 10-QFiling Source: edgar
Filing Date: May, 16 2018
Amendment to a previously filed 10-K
Filing Type: 10-K/AFiling Source: edgar
Filing Date: April, 30 2018
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: April, 18 2018
Annual report with a comprehensive overview of the company
Filing Type: 10-KFiling Source: edgar
Filing Date: April, 18 2018
Notification that form 10-K will be submitted late
Filing Type: NT 10-KFiling Source: edgar
Filing Date: April, 03 2018
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: April, 03 2018
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: March, 12 2018
Report of unscheduled material events or corporate changes.
Filing Type: 8-KFiling Source: edgar
Filing Date: January, 10 2018
All other definitive information statements
Filing Type: DEF 14CFiling Source: edgar
Filing Date: January, 08 2018
Preliminary proxy statement containing all other information
Filing Type: PRE 14CFiling Source: edgar
Filing Date: December, 27 2017

 

 


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Daily Technical Chart for (OTC: FTNW)


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The Research: All source information contained in this email is from the public sources mentioned below.

 

 
 

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Disclaimer: DD Report publishes reports providing information on selected companies. DD Report is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. DD Report accepts no liability for any loss arising from an investors reliance on or use of this report. An investment in FTNW is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. DD Report has received no compensation for the publication and circulation of this report. DD Report does not own any shares of FTNW and does not buy, sell, or trade any shares of FTNW. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Copyright 2018 by DD Report. All rights reserved. Our Full Disclaimer: https://dd.report/disclaimer/