moody's CBS Moonves

Synacor was the clear top share price winner for the week of May 2, according to Cablefax’s week in review of telecom and media stocks. Following the announcement that the multiplatform tech firm won a contract with AT&T to develop and manage desktop and mobile portal services, the stock spiked, increasing 144.68% to a share price of $3.45. Synacor took the business from Yahoo, The Wall Street Journal notes. On the loser side, Vonage tumbled 12.42% to $4.09 a share after reporting 1Q earnings. Though it beat analysts’ expectations (earnings per share was $0.10, ahead of the expected $0.06), it also announced the acquisition of he privately-held CPaaS company Nexmo for $230 million in cash. Some speculate that investors may have been blindsided by the acquisition, which could have caused a negative reaction by investors. Telephone & Data Systems (TDS) also fell after its 1Q earnings call, which reported that revenue for the period was $1.24 billion, below the $1.26 billion expected by the Street. Check out the full chart of winners and losers below.

Stock share price winners:

1. SYNACOR:…………………………………………………………….3.45……. 144.68%
2. INTERACTIVE CORP:…………………………………………..53.78……… 16.06%
3. GRAY TELEVISION:……………………………………………..13.64……….. 6.15%
4. CABLE ONE:………………………………………………………485.49……….. 5.78%
5. SHENTEL:……………………………………………………………30.27……….. 5.51%

Stock share price losers:

1. VONAGE:………………………………………………………………4.09…….(12.42%)
2. TDS:……………………………………………………………………26.76………..(9.5%)
3. CENTURYLINK:……………………………………………………28.54………(7.79%)
4. GRUPO TELEVISA:………………………………………………27.60………(5.58%)
5. SEACHANGE:………………………………………………………..3.53………(5.36%)

The Daily

Subscribe

GroupM Optimistic on 2021 Ad Outlook

It’s not just CEOs feeling good about ad spending. GroupM took another look at its advertising forecasts, and it’s adjusting things mid-year.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.