Latest news for Towerstream (OTC:TWER) Stock

Towerstream Corp is a US-based company providing fixed wireless services. The company operates through the Fixed Wireless Services business segment. Its fixed wireless service provides bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The company installs receivers and antennas on rooftops to establish a wireless connection between the customer Location to one or more of its points of presence.

Towerstream

Towerstream Corporation

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Intraday Update

Markets

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Stocks Hitting 52-Week Lows

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10 Biggest Mid-Day Losers For Friday

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Towerstream Corp

Management

Towerstream Reports COO Arthur Giftakis To Separate From Co.; Mgmt. Expects Commencing Search For Replacement Immediately

Stock Split

Towerstream Reports 1-for-75 Reverse Stock Split

Towerstream Names Laura Thomas CFO

Earnings

Towerstream Reports Q1 Revenue $6.572M vs $6.734M in Same Qtr. Last Year, EBITDA $245K

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<ul>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) shares fell 12.7 percent to reach a new 52-week low of $0.382. Towerstream shares have dropped 94.66 percent over the past 52 weeks, while the S&amp;P 500 index has increased 6.39 percent in the same period.</li>
<li>
		iKang Healthcare Group Inc (ADR) (NASDAQ: <a class="ticker" href="/stock/kang#NASDAQ">KANG</a>) shares touched a new 52-week low of $15.81.</li>
<li>
		CGG SA (ADR) (NYSE: <a class="ticker" href="/stock/cgg#NYSE">CGG</a>) shares reached a new 52-week low of $12.35. CGG shares have declined 88.29 percent over the past 52 weeks, while the S&amp;P 500 index has gained 6.39 percent in the same period.</li>
<li>
		LM Funding America, Inc. (NASDAQ: <a class="ticker" href="/stock/lmfa#NASDAQ">LMFA</a>) shares fell 7.6 percent to touch a new 52-week low of $4.17.</li>
</ul>

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<ul>
<li>
		Euroseas Ltd. (NASDAQ: <a class="ticker" href="/stock/esea#NASDAQ">ESEA</a>) declined 15.8 percent to $2.40. Euroseas shares have dropped 7.17 percent over the past 52 weeks, while the S&amp;P 500 index has gained 5.55 percent in the same period.</li>
<li>
		Medigus Ltd. - American Depositary Share (NASDAQ: <a class="ticker" href="/stock/mdgs#NASDAQ">MDGS</a>) shares fell 15.3 percent to $0.940.</li>
<li>
		Globus Maritime Ltd (NASDAQ: <a class="ticker" href="/stock/glbs#NASDAQ">GLBS</a>) shares dropped 14 percent to $3.55. Globus Maritime shares have jumped 1,276.67 percent over the past 52 weeks, while the S&amp;P 500 index has gained 5.55 percent in the same period.</li>
<li>
		Westmoreland Resource Partners LP (NYSE: <a class="ticker" href="/stock/wmlp#NYSE">WMLP</a>) shares declined 13.8 percent to $5.14. Westmoreland Resource shares have surged 43.17 percent over the past 52 weeks, while the S&amp;P 500 index has gained 5.55 percent in the same period.</li>
<li>
		Airgain Inc (NASDAQ: <a class="ticker" href="/stock/airg#NASDAQ">AIRG</a>) shares dropped 12.2 percent to $23.65 after the company reported a proposed primary and secondary offering of $20 million.</li>
<li>
		Sigma Designs Inc (NASDAQ: <a class="ticker" href="/stock/sigm#NASDAQ">SIGM</a>) shares fell 11.5 percent to $7.30.</li>
<li>
		Akers Biosciences Inc (NASDAQ: <a class="ticker" href="/stock/aker#NASDAQ">AKER</a>) shares dropped 9.8 percent to $1.89.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) shares declined 9.6 percent to $0.434. Towerstream disclosed that it has filed to sell up to 5,750,000 shares of common stock and $10 million of mixed securities.</li>
<li>
		Sino-Global Shipping America, Ltd. (NASDAQ: <a class="ticker" href="/stock/sino#NASDAQ">SINO</a>) shares fell 7.1 percent to $3.90.</li>
<li>
		Corbus Pharmaceuticals Holdings Inc (NASDAQ: <a class="ticker" href="/stock/crbp#NASDAQ">CRBP</a>) shares dropped 2.5 percent to $7.80 after the company disclosed that it has entered into an agreement with Cantor for a $35 million stock offering.</li>
</ul>

&nbsp;
<ul>
<li>
		Neurometrix Inc (NASDAQ: <a class="ticker" href="/stock/nuro#NASDAQ">NURO</a>) shares reached a new 52-week low of $1.11. Neurometrix shares have dropped 57.97 percent over the past 52 weeks, while the S&amp;P 500 index has increased 5.55 percent in the same period.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) shares fell 9.4 percent to touch a new 52-week low of $0.435. Towerstream shares have declined 94.78 percent over the past 52 weeks, while the S&amp;P 500 index has gained 5.55 percent in the same period.</li>
<li>
		Moxian Inc (NASDAQ: <a class="ticker" href="/stock/moxc#NASDAQ">MOXC</a>) shares fell 5.5 percent to reach a new 52-week low of $3.28..</li>
<li>
		Rubicon Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/rbcn#NASDAQ">RBCN</a>) shares touched a new 52-week low of $0.50. Rubicon Technology shares have dropped 43.44 percent over the past 52 weeks, while the S&amp;P 500 index has gained 5.55 percent in the same period.</li>
</ul>

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<h3>
	Companies Reporting Before The Bell</h3>
<ul>
<li>
		Lowe&#39;s Companies, Inc. (NYSE: <a class="ticker" href="/stock/low#NYSE">LOW</a>) is expected to report its quarterly earnings at $0.97 per share on revenue of $15.86 billion.</li>
<li>
		Target Corporation (NYSE: <a class="ticker" href="/stock/tgt#NYSE">TGT</a>) is estimated to report its quarterly earnings at $0.83 per share on revenue of $16.34 billion.</li>
<li>
		Meritor Inc (NYSE: <a class="ticker" href="/stock/mtor#NYSE">MTOR</a>) is projected to report its quarterly earnings at $0.28 per share on revenue of $748.88 million.</li>
<li>
		Brady Corp (NYSE: <a class="ticker" href="/stock/brc#NYSE">BRC</a>) is estimated to report its quarterly earnings at $0.43 per share on revenue of $277.02 million.</li>
<li>
		JinkoSolar Holding Co., Ltd. (NYSE: <a class="ticker" href="/stock/jks#NYSE">JKS</a>) is projected to report its quarterly earnings at $0.55 per share on revenue of $749.37 million.</li>
<li>
		Baozun Inc (ADR) (NASDAQ: <a class="ticker" href="/stock/bzun#NASDAQ">BZUN</a>) is estimated to report its quarterly earnings at $0.07 per share on revenue of $110.60 million.</li>
<li>
		Crown Crafts, Inc. (NASDAQ: <a class="ticker" href="/stock/crws#NASDAQ">CRWS</a>) is expected to report its quarterly earnings at $0.16 per share on revenue of $20.14 million.</li>
<li>
		Enzymotec Ltd (NASDAQ: <a class="ticker" href="/stock/enzy#NASDAQ">ENZY</a>) is estimated to report its quarterly earnings at $0.07 per share on revenue of $13.30 million.</li>
<li>
		Foamix Pharmaceuticals Ltd (NASDAQ: <a class="ticker" href="/stock/fomx#NASDAQ">FOMX</a>) is expected to report a quarterly loss at $0.27 per share on revenue of $1.30 million.</li>
<li>
		Sypris Solutions, Inc. (NASDAQ: <a class="ticker" href="/stock/sypr#NASDAQ">SYPR</a>) is projected to report a quarterly loss at $0.25 per share on revenue of $21.85 million.</li>
<li>
		SurModics, Inc. (NASDAQ: <a class="ticker" href="/stock/srdx#NASDAQ">SRDX</a>) is estimated to report its quarterly earnings at $0.09 per share on revenue of $16.09 million.</li>
</ul>

	&nbsp;
<h3>
	Companies Reporting After The Bell</h3>
<ul>
<li>
		Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="/stock/csco#NASDAQ">CSCO</a>) is projected to post its quarterly earnings at $0.59 per share on revenue of $12.34 billion.</li>
<li>
		NetApp Inc. (NASDAQ: <a class="ticker" href="/stock/ntap#NASDAQ">NTAP</a>)is expected to post its quarterly earnings at $0.54 per share on revenue of $1.36 billion.</li>
<li>
		L Brands Inc (NYSE: <a class="ticker" href="/stock/lb#NYSE">LB</a>) is estimated to post its quarterly earnings at $0.41 per share on revenue of $2.57 billion.</li>
<li>
		Hillenbrand, Inc. (NYSE: <a class="ticker" href="/stock/hi#NYSE">HI</a>) is expected to post its quarterly earnings at $0.57 per share on revenue of $398.70 million.</li>
<li>
		Smart &amp; Final Stores Inc (NYSE: <a class="ticker" href="/stock/sfs#NYSE">SFS</a>) is projected to post its quarterly earnings at $0.16 per share on revenue of $1.42 billion.</li>
<li>
		Aegean Marine Petroleum Network Inc. (NYSE: <a class="ticker" href="/stock/anw#NYSE">ANW</a>) is estimated to post its quarterly earnings at $0.33 per share on revenue of $977.38 million.</li>
<li>
		Griffon Corporation (NYSE: <a class="ticker" href="/stock/gff#NYSE">GFF</a>) is expected to post its quarterly earnings at $0.25 per share on revenue of $490.84 million.</li>
<li>
		Fidelity &amp; Guaranty Life (NYSE: <a class="ticker" href="/stock/fgl#NYSE">FGL</a>) is estimated to post its quarterly earnings at $0.60 per share on revenue of $267.80 million.</li>
<li>
		Golub Capital BDC Inc (NASDAQ: <a class="ticker" href="/stock/gbdc#NASDAQ">GBDC</a>) is expected to post its quarterly earnings at $0.32 per share on revenue of $32.71 million.</li>
<li>
		WGL Holdings Inc (NYSE: <a class="ticker" href="/stock/wgl#NYSE">WGL</a>) is projected to post a quarterly loss at $0.12 per share on revenue of $489.07 million.</li>
<li>
		Geospace Technologies Corporation (NASDAQ: <a class="ticker" href="/stock/geos#NASDAQ">GEOS</a>) is expected to post a quarterly loss at $0.46 per share on revenue of $18.50 million.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) is estimated to post a quarterly loss at $1.19 per share on revenue of $7.00 million.</li>
</ul>

Pre-Market Outlook

BZUN

CRWS

CSCO

ENZY

FOMX

GBDC

GEOS

MTOR

NTAP

SRDX

SYPR

Earnings Scheduled For November 16, 2016

Towerstream Reports Adj. EBITDA For $3 Is $525K

Guidance

UPDATE: Towerstream Says Sees Sept. Contracts Adding $780K+ in Annual Sales

UPDATE: Towerstream Says 'Recent financing enables Company to accelerate expansion; number of businesses in the On-Net footprint up nearly 70% in 2H vs 1H'

Towerstream Offers Update on Growth Initiatives

&nbsp;
<ul>
<li>
		Novavax, Inc. (NASDAQ: <a class="ticker" href="/stock/nvax#NASDAQ">NVAX</a>) shares tumbled 82.9 percent to $1.43 after reporting disappointing results from two Phase 3 vaccine trials that had previously done well in the Phase 2 trial. According to the company, data from the Resolve Phase 3 trial for its vaccine for a potentially deadly respiratory virus didn&#39;t meet the efficacy objectives it had set.</li>
<li>
		Real Goods Solar, Inc. (NASDAQ: <a class="ticker" href="/stock/rgse#NASDAQ">RGSE</a>) declined 40.7 percent to $2.54. Real Goods Solar shares have dipped 84.26 percent over the past 52 weeks, while the S&amp;P 500 index has gained 7.62 percent in the same period.</li>
<li>
		Roka Bioscience Inc (NASDAQ: <a class="ticker" href="/stock/roka#NASDAQ">ROKA</a>) dipped 33.6 percent to $0.770. Roka Bioscience priced private placement of preferred stock and warrants.</li>
<li>
		Concordia International Corp (NASDAQ: <a class="ticker" href="/stock/cxrx#NASDAQ">CXRX</a>) shares dropped 17.9 percent to $5.43. Concordia International issued comments on the UK&#39;s Health Service Medical Supplies (Costs) Bill and reaffirmed FY16 revenue guidance of $859 million to $888 million.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) shares fell 15.7 percent to $1.53. Towerstream priced its 2,962,963 shares offering at $1.35 per share.</li>
<li>
		Histogenics Corp (NASDAQ: <a class="ticker" href="/stock/hsgx#NASDAQ">HSGX</a>) declined 11.6 percent to $2.96 as the company reported a $30.0 million private placement.</li>
<li>
		Deutsche Bank AG (USA) (NYSE: <a class="ticker" href="/stock/db#NYSE">DB</a>) shares dropped 9.3 percent to $13.40. The U.S. Department of Justice proposed the bank a $14 billion settlement related to probe of mortgage securities, the WSJ late last night reported. However, the bank said that it does not intend to settle near $14 billion.</li>
<li>
		Netlist, Inc. (NASDAQ: <a class="ticker" href="/stock/nlst#NASDAQ">NLST</a>) declined 8.8 percent to $1.25. Netlist priced an underwritten public offering of 8,000,000 shares at $1.25 per share.</li>
<li>
		FelCor Lodging Trust Incorporated (NYSE: <a class="ticker" href="/stock/fch#NYSE">FCH</a>) shares dropped 7.7 percent to $6.04. JMP Securities downgraded FelCor Lodging Trust from Market Outperform to Market Perform.</li>
<li>
		Oracle Corporation (NYSE: <a class="ticker" href="/stock/orcl#NYSE">ORCL</a>) shares fell 4.2 percent to $39.16 as the company reported weaker-than-expected results for its first quarter and issued a downbeat profit forecast for the current quarter.</li>
</ul>

CXRX

HSGX

NLST

NVAX

ORCL

RGSE

ROKA

&nbsp;

	 
	Midway through trading Friday, the Dow traded down 0.33 percent to 18,152.35 while the NASDAQ declined 0.18 percent to 5,240.36. The S&amp;P also fell, dropping 0.37 percent to 2,139.26.

	Leading and Lagging Sectors
	On Friday, utilities shares slipped by just 0.01 percent. Meanwhile, top gainers in the sector included Artesian Resources Corporation (NASDAQ: <a class="ticker" href="/stock/artna#NASDAQ">ARTNA</a>), and Atlantic Power Corp (NYSE: <a class="ticker" href="/stock/at#NYSE">AT</a>).
	In trading on Friday, telecommunications services shares tumbled by 1.01 percent. Meanwhile, top losers in the sector included Frontier Communications Corp (NASDAQ: <a class="ticker" href="/stock/ftr#NASDAQ">FTR</a>), down 5 percent, and PLDT Inc (ADR) (NYSE: <a class="ticker" href="/stock/phi#NYSE">PHI</a>), down 3 percent.

	Top Headline

	Intel Corporation (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>) lifted its revenue outlook for the third quarter on Friday.

	The company now projects Q3 revenue to be between $15.3 billion to $15.9 billion, versus its earlier range of $14.4 billion to $15.4 billion.

	 
	Equities Trading UP
	 GenMark Diagnostics, Inc (NASDAQ: <a class="ticker" href="/stock/gnmk#NASDAQ">GNMK</a>) shares shot up 18 percent to $10.42. Cowen &amp; Co. upgraded GenMark Diagnostics from Market Perform to Outperform.

	Shares of Depomed Inc (NASDAQ: <a class="ticker" href="/stock/depo#NASDAQ">DEPO</a>) got a boost, shooting up 13 percent to $24.00. Depomed is preparing to put itself up for sale, following calls from activist investor Starboard Value LP to explore such a move, just a year after it fought off a hostile acquisition bid, people familiar with the matter told Reuters.

	Mad Catz Interactive, Inc. (USA) (NYSE: <a class="ticker" href="/stock/mcz#NYSE">MCZ</a>) shares were also up, gaining 17 percent to $0.224 as the company disclosed that it has sold its Saitek simulation product line to Logitech International SA (USA) (NASDAQ: <a class="ticker" href="/stock/logi#NASDAQ">LOGI</a>) for $13 million in cash.

	 
	Equities Trading DOWN
	 Novavax, Inc. (NASDAQ: <a class="ticker" href="/stock/nvax#NASDAQ">NVAX</a>) shares dropped 84 percent to $1.37 after reporting disappointing results from two Phase 3 vaccine trials that had previously done well in the Phase 2 trial. According to the company, data from the Resolve Phase 3 trial for its vaccine for a potentially deadly respiratory virus didn&#39;t meet the efficacy objectives it had set. Novavax shares dipped 79.86 percent to $1.68 in pre-market trading.

	Shares of Roka Bioscience Inc (NASDAQ: <a class="ticker" href="/stock/roka#NASDAQ">ROKA</a>) were down 35 percent to $0.760. Roka Bioscience priced private placement of preferred stock and warrants.

	Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) was down, falling around 16 percent to $1.54. Towerstream priced its 2,962,963 shares offering at $1.35 per share.

	 
	Commodities

	 
	In commodity news, oil traded down 1.71 percent to $43.76 while gold traded down 0.52 percent to $1,311.20.
	Silver traded down 1.19 percent Friday to $18.82, while copper rose 0.19 percent to $2.16.

	Eurozone
	European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.74 percent, the Spanish Ibex Index dropped 1 percent, while Italy&rsquo;s FTSE MIB Index dipped 2.43 percent. Meanwhile the German DAX declined 1.49 percent, and the French CAC 40 slipped 0.93 percent while U.K. shares fell 0.30 percent.

	Economics

	U.S. consumer prices rose 0.2 percent for August, versus economists&rsquo; expectations for a 0.1 percent growth.

	The University of Michigan&#39;s consumer sentiment index was unchanged at 89.80 for September, versus a prior reading of 89.80. Economists expected a reading of 90.80.

Eurozone

Commodities

Global

Movers

ARTNA

DEPO

GNMK

INTC

LOGI

Mid-Day Market Update: Novavax Tumbles Following Failed Trial; Depomed Shares Surge

&nbsp;
<ul>
<li>
		Novavax, Inc. (NASDAQ: <a class="ticker" href="/stock/nvax#NASDAQ">NVAX</a>) shares touched a new 52-week low of $1.27 after reporting disappointing results from two Phase 3 vaccine trials that had previously done well in the Phase 2 trial.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) shares fell 17.2 percent to touch a new 52-week low of $1.51. Towerstream priced its 2,962,963 shares offering at $1.35 per share.</li>
<li>
		Chicago Bridge &amp; Iron Company N.V. (NYSE: <a class="ticker" href="/stock/cbi#NYSE">CBI</a>) shares touched a new 52-week low of $27.58. CB&amp;I declared an interim dividend of $0.07 per share.</li>
<li>
		Cancer Genetics Inc (NASDAQ: <a class="ticker" href="/stock/cgix#NASDAQ">CGIX</a>) shares reached a new 52-week low of $1.78. Cancer Genetics shares have dropped 80.74 percent over the past 52 weeks, while the S&amp;P 500 index has gained 7.62 percent in the same period.</li>
</ul>

CGIX

&nbsp;

	 
	Following the market opening Friday, the Dow traded down 0.46 percent to 18,129.38 while the NASDAQ declined 0.18 percent to 5,240.29. The S&amp;P also fell, dropping 0.48 percent to 2,136.91.

	Leading and Lagging Sectors
	Friday morning, healthcare shares slipped by just 0.18 percent. Meanwhile, top gainers in the sector included GenMark Diagnostics, Inc (NASDAQ: <a class="ticker" href="/stock/gnmk#NASDAQ">GNMK</a>), and Depomed Inc (NASDAQ: <a class="ticker" href="/stock/depo#NASDAQ">DEPO</a>).
	In trading on Friday, energy shares tumbled by 1 percent. Meanwhile, top losers in the sector included Eni SpA (ADR) (NYSE: <a class="ticker" href="/stock/e#NYSE">E</a>), down 4 percent, and Daqo New Energy Corp (NYSE: <a class="ticker" href="/stock/dq#NYSE">DQ</a>), down 4 percent.

	Top Headline

	Intel Corporation (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>) lifted its revenue outlook for the third quarter on Friday.

	The company now projects Q3 revenue to be between $15.3 billion to $15.9 billion, versus its earlier range of $14.4 billion to $15.4 billion.

	 
	Equities Trading UP
	 GenMark Diagnostics, Inc (NASDAQ: <a class="ticker" href="/stock/gnmk#NASDAQ">GNMK</a>) shares shot up 15 percent to $10.17. Cowen &amp; Co. upgraded GenMark Diagnostics from Market Perform to Outperform.

	Shares of Depomed Inc (NASDAQ: <a class="ticker" href="/stock/depo#NASDAQ">DEPO</a>) got a boost, shooting up 9 percent to $23.14. Depomed is preparing to put itself up for sale, following calls from activist investor Starboard Value LP to explore such a move, just a year after it fought off a hostile acquisition bid, people familiar with the matter told Reuters.

	Condor Hospitality Trust, Inc. (NASDAQ: <a class="ticker" href="/stock/acrx#NASDAQ">CDOR</a>) shares were also up, gaining 69 percent to $2.97. Condor Hospitality Trust raised its quarterly dividend from $0.01 per share to $0.03 per share.

	 
	Equities Trading DOWN
	 Novavax, Inc. (NASDAQ: <a class="ticker" href="/stock/nvax#NASDAQ">NVAX</a>) shares dropped 85 percent to $1.25 after reporting disappointing results from two Phase 3 vaccine trials that had previously done well in the Phase 2 trial. According to the company, data from the Resolve Phase 3 trial for its vaccine for a potentially deadly respiratory virus didn&#39;t meet the efficacy objectives it had set. Novavax shares dipped 79.86 percent to $1.68 in pre-market trading.

	Shares of Roka Bioscience Inc (NASDAQ: <a class="ticker" href="/stock/roka#NASDAQ">ROKA</a>) were down 31 percent to $0.800. Roka Bioscience priced private placement of preferred stock and warrants.

	Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) was down, falling around 14 percent to $1.57. Towerstream priced its 2,962,963 shares offering at $1.35 per share.

	 
	Commodities

	 
	In commodity news, oil traded down 2.79 percent to $43.50 while gold traded down 0.34 percent to $1,313.50.
	Silver traded down 0.43 percent Friday to $18.96, while copper fell 0.19 percent to $2.16.

	Eurozone
	European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.44 percent, the Spanish Ibex Index dropped 0.82 percent, while Italy&rsquo;s FTSE MIB Index dipped 1.98 percent. Meanwhile the German DAX declined 1.02 percent, and the French CAC 40 slipped 0.71 percent while U.K. shares fell 0.16 percent.

	Economics

	U.S. consumer prices rose 0.2 percent for August, versus economists&rsquo; expectations for a 0.1 percent growth.

	The University of Michigan&#39;s consumer sentiment index was unchanged at 89.80 for September, versus a prior reading of 89.80. Economists expected a reading of 90.80.

	The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

	The Treasury International Capital data for July will be released at 4:00 p.m. ET.

CDOR

Mid-Morning Market Update: Markets Open Lower; Intel Lifts Q3 Revenue Outlook

Towerstream Corporation (Nasdaq: <a class="ticker" href="/stock/twer#Nasdaq">TWER</a>), a leading Fixed-Wireless Fiber Alternative company, today announced the pricing of a public offering. The offering consists of 2,962,963 shares of common stock at $1.35 per share for a total of $4,000,000 before the underwriter's discount and expenses. 
Laidlaw &amp; Company (UK) Ltd. acted as the sole book-running manager for the offering.
The Company has granted the underwriter an option for a period of up to 45 days from the date of the prospectus to purchase up to an aggregate of 444,444 shares of the Company's common stock to cover overallotments.

Offerings

Insider Trades

Towerstream Prices  2,962,963 Shares Offering @ $1.35/Share

Towerstream Reports Q2 Loss/Share ($1.38), Revenues $6.87M

This is one of the busiest weeks as far as the secondary offering is concerned. Monday and Tuesday have seen 20 offerings either hitting the market or planning to hit the market.
<ul>
<li>
		Arrowhead Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="/stock/arwr#NASDAQ">ARWR</a>) raising $45 million by pricing 7.63 million shares at $5.90 a share. Following the news, the stock traded up by $0.24, or 4.07 percent, to $6.12.</li>
<li>
		BioMarin Pharmaceutical Inc. (NASDAQ: <a class="ticker" href="/stock/bmrn#NASDAQ">BMRN</a>) prices 7.5 million shares at $96 a share to raise $720 million. The stock traded down by $3.52, or 3.57 percent, to $95.50.</li>
<li>
		ImmunoCellular Therapeutics Ltd (NYSE: <a class="ticker" href="/stock/imuc#NYSE">IMUC</a>) is raising $7.4 million by pricing 47 million shares at $0.16 a share. Shares are trading down by $0.063, or 32.6 percent, to $0.129.</li>
<li>
		B&amp;G Foods, Inc. (NYSE: <a class="ticker" href="/stock/bgs#NYSE">BGS</a>) priced its 3.75 million public offering at $49.0 a share. The stock is trading at $48.80, down $2.29, or 4.48 percent.</li>
<li>
		NRG Yield, Inc. Class C (NYSE: <a class="ticker" href="/stock/nyld#NYSE">NYLD</a>) announced At-The-Market equity offering of $150 million. Shares of the company shed $0.57, or 3.21 percent, at $17.20.</li>
<li>
		Quotient Ltd (NASDAQ: <a class="ticker" href="/stock/qtnt#NASDAQ">QTNT</a>) priced its 3.22 million public issue at $5.50 a share raising $17.7 million last week. On Tuesday, the stock traded up by $0.26, or 4.17 percent to $6.50.</li>
<li>
		SM Energy Co (NYSE: <a class="ticker" href="/stock/sm#NYSE">SM</a>) upsized its public offering to 16.0 million shares at $30 per share for gross proceeds of $480 million. The stock is traded at $30.53, down $0.51, or 1.64 percent.</li>
<li>
		Towerstream Corporation (NASDAQ: <a class="ticker" href="/stock/twer#NASDAQ">TWER</a>) is planning $20 million share offering. The stock is down by $0.17, or 6.25 percent, to $2.56.</li>
<li>
		Fox Factory Holding Corp (NASDAQ: <a class="ticker" href="/stock/foxf#NASDAQ">FOXF</a>) is planning 3.5 million secondary public offering. Shares of the company traded down by $1.13, or 5.6 percent, to $19.01.</li>
<li>
		Wingstop Inc. (NASDAQ: <a class="ticker" href="/stock/wing#NASDAQ">WING</a>) priced 6.0 million public offering at $29.25 a share. The stock is trading up by $0.59, or 1.94 percent, to $30.67.</li>
<li>
		Phillips 66 Partners LP (NYSE: <a class="ticker" href="/stock/psxp#NYSE">PSXP</a>) prices its 6.0 million public offering at $50.22 per unit. The unit is trading down by $3.01, or 5.75 percent, to $49.30.</li>
<li>
		Dominion Resources, Inc. (NYSE: <a class="ticker" href="/stock/d#NYSE">D</a>) priced its 25 million equity units at $50 per unit. The unit would consists of a contract to acquire shares in the future and two 1/40 undivided beneficial ownership stake in subordinated notes of $1,000 principal amount. Shares of the company lost $0.50, or 0.67 percent, to $74.49.</li>
<li>
		Trinseo S.A. (NYSE: <a class="ticker" href="/stock/tse#NYSE">TSE</a>) announces 8.0 million shares offering from selling shareholder. The stock is trading down by $1.08, or 2.10 percent, to $50.43.</li>
<li>
		Fibrocell Science, Inc. (NASDAQ: <a class="ticker" href="/stock/fcsc#NASDAQ">FCSC</a>) reveals convertible debt and warrant financing of a maximum of $25 million. Shares of the company are trading $0.18, or 18.40 percent, to $1.19.</li>
<li>
		Pattern Energy Group Inc. (NASDAQ: <a class="ticker" href="/stock/pegi#NASDAQ">PEGI</a>) announced bought-deal public offering of 10.0 million Class A Common Stock at $23.90 a share raising $239 million. The stock shed $1.10, or 4.42 percent, to $23.67.</li>
<li>
		Acadia Realty Trust (NYSE: <a class="ticker" href="/stock/akr#NYSE">AKR</a>) discloses 4.2 million share sale. The stock is trading down by $0.06, or 0.17 percent, to $36.21.</li>
<li>
		VTTI Energy Partners LP (NYSE: <a class="ticker" href="/stock/vtti#NYSE">VTTI</a>) priced its 5.25 million share offering at $19.30 per share. Shares of the company shed $2.10, or 10.14 percent, to $18.61.</li>
<li>
		Acadia Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="/stock/acad#NASDAQ">ACAD</a>) plans $200 million worth public offering of its shares. The stock is trading at $33.97, down $1.26, or 3.58 percent.</li>
<li>
		United States Steel Corporation (NYSE: <a class="ticker" href="/stock/x#NYSE">X</a>) announced its 17.0 million public offering of shares. The shares of the company shed $1.28, or 4.92 percent, at $24.56.</li>
<li>
		Bancorp Inc (NASDAQ: <a class="ticker" href="/stock/tbbk#NASDAQ">TBBK</a>) priced its 7.56 million shares at $4.50 a share. It also announced 40,000 preferred stock Series C. It would raise a total of about $74 million. The stock is trading down by $0.12, or 2.38 percent, to $4.93.</li>
</ul>

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ACAD

ARWR

BMRN

FCSC

FOXF

IMUC

NYLD

PEGI

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WING

There Have Been 20 Secondary Offerings Over The Last 2 Days

KNDI

MODN

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TUBE

After-Hours Losers Aug. 8, 2016: TUBE Down 24.2%, MODN 16.4%, NPTN 15.6%, MXL 15.5%, TWER 14%, MTW 12%, ROG 9%, IAG 7.9%, KNDI 5.7%

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