Active Stocks Investor’s Alert: Novatel Wireless Inc (NASDAQ:MIFI), Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Novatel Wireless Inc (NASDAQ:MIFI)‘s shares increased 5.08% to $2.48.


Novatel Wireless, Inc. gives remote broadband access answers for the portable interchanges market around the world. It works in the Mobile Computing Products, and M2M Products and Solutions portions.

Novatel Wireless, Inc., (MIFI), announced the dispatch of the MiFi(R) M100 LTE hotspot with U.S. Cell (USM), the country’s fifth biggest remote transporter. This is the first LTE-just MiFi brand portable hotspot for North America, outfitted with various groups for outstanding scope, including Band 12 for scope underserved regions.

The gadget is outlined in light of effortlessness. With one touch to interface and a basic portable application to check information use and the sky is the limit from there, the MiFi M100 is a moderate versatile hotspot for anybody needing solid, secure, Internet on-the-go.

Toward the end of Wednesday’s exchange, Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)’s shares surged 2.69% to $18.68.

Ollie’s Bargain Outlet Holdings, Inc., through its accomplice Ollie’s Bargain Outlet, Inc., works retail locations that offer brand name items. The organization’s items contain house products, nourishment, books and stationery, quaint little inn, floor covers, toys, and equipment. As of May 15, 2015, it possessed 181 Ollie’s Bargain Outlet retail locations over 16 states in the United States. Ollie’s Bargain Outlet Holdings, Inc. was established in 1982 and is headquartered in Harrisburg, Pennsylvania.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) proclaimed monetary results for the second quarter finished August 1, 2015.

Second Quarter Summary:

Total net sales raised 19.0% to $181.9 million;

Comparable store sales raised 7.8%;

The Company opened seven new stores and shut one store, finishing the quarter with 187 stores in 16 states. This speaks to an upgrade of 12% altogether number of stores from the second quarter of financial 2014;

Adjusted EBITDA raised 22.0% to $22.5 million (balanced EBITDA is not a measure perceived under sound accounting standards; see compromise of GAAP to non-GAAP table);

Working wage raised 20.2% to $16.8 million; and

  1. generally accepted accounting principles, or GAAP, net wage was $6.4 million, or $0.12 per weakened offer. Balanced net salary (see compromise of GAAP to non-GAAP table) raised 40.3% to $8.0 million, or $0.15 per weakened offer.

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Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.