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Earnings
RF Industries reports Q2 EPS 48c, one estimate 1c » 16:26
06/14/21
06/14
16:26
06/14/21
16:26
RFIL

RF Industries

$8.01 /

+0.03 (+0.38%)

Reports Q2 revenue…

Reports Q2 revenue $11.1M, one estimate $11.08M. Reports backlog of $15.6M at April 30 on Q2 bookings of $19.6M. As of today, backlog stands at $22.8M. Financial results include the impact of forgiveness of approximately $2.8M in loans from the Paycheck Protection Program and $2.6M in Employee Retention Tax Credits recognized in Q2. "We are pleased to report sequential growth in both sales and profits in the second quarter. We are also starting to see signs of recovery in the wireless carrier ecosystem spend, as reflected in the sizeable orders we have recently received for our Optiflex hybrid fiber solution that brought our current backlog to the highest level in the company's history. We expect the carrier market spend to continue to recover and grow, and we see increasing opportunities to expand further into this market with our complete product offering. Our industrial OEM customers and distribution partners are returning to more normalized levels and we anticipate sales expansion in both segments. Looking ahead, we expect to achieve sequential sales growth in the current fiscal third quarter, and continue to expect a return to year-over-year revenue growth this year."

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RFIL RF Industries
$8.01 /

+0.03 (+0.38%)

RFIL RF Industries
$8.01 /

+0.03 (+0.38%)

06/02/21 B. Riley
RF Industries price target raised to $9 from $6.75 at B. Riley
12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
RFIL RF Industries
$8.01 /

+0.03 (+0.38%)

Options
RF Industries options imply 16.2% move in share price post-earnings » 15:34
06/14/21
06/14
15:34
06/14/21
15:34
RFIL

RF Industries

$8.00 /

+0.02 (+0.25%)

Pre-earnings options…

Pre-earnings options volume in RF Industries is 3.1x normal with calls leading puts 6:1. Implied volatility suggests the market is anticipating a move near 16.2%, or $1.29, after results are released. Median move over the past eight quarters is 5.7%.

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RFIL RF Industries
$8.00 /

+0.02 (+0.25%)

RFIL RF Industries
$8.00 /

+0.02 (+0.25%)

06/02/21 B. Riley
RF Industries price target raised to $9 from $6.75 at B. Riley
12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
Recommendations
RF Industries price target raised to $9 from $6.75 at B. Riley » 07:32
06/02/21
06/02
07:32
06/02/21
07:32
RFIL

RF Industries

$7.73 /

+0.13 (+1.71%)

B. Riley analyst Josh…

B. Riley analyst Josh Nichols raised the firm's price target on RF Industries to $9 from $6.75 and reiterates a Buy rating on the shares ahead of the company's fiscal Q2 results. The analyst increased estimates to reflect RF's "rapidly improving" business momentum with several larger orders announced since March. The company recently secured multiple new orders that give increased confidence in the return of carrier 5G investment spending that had previously been delayed by the pandemic, Nichols tells investors in a research note.

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RFIL RF Industries
$7.73 /

+0.13 (+1.71%)

RFIL RF Industries
$7.73 /

+0.13 (+1.71%)

12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
Hot Stocks
RF Industries gets $7.6M follow-on order from tier-1 wireless carrier » 16:12
05/20/21
05/20
16:12
05/20/21
16:12
RFIL

RF Industries

$6.80 /

+0.2 (+3.03%)

RF Industries, announced…

RF Industries, announced it has received a $7.6M follow-on order from its new tier-1 wireless carrier customer at the Company's Cables Unlimited division for its OptiFlex hybrid fiber solution, for use in the build out of wireless tower sites. "We are delighted to receive another substantial order from this new tier-1 wireless carrier customer within the past two months and appreciate their continued trust in us to be a part of their infrastructure deployment plan," said Robert Dawson, President and CEO of RF Industries. "This sizeable follow-on order is another significant win for us and highlights the increasing demand for our product offering as wireless carriers begin their 5G build out and related network densification. Our OptiFlex solution has been one of the key components of our growth in the last few years and we're excited about the continued opportunities for this product line. This unique hybrid fiber solution supports wireless carrier tower site upgrades, and along with our other carrier-based solutions, is part of the more complete set of products we have been building to serve the wireless marketplace. Significant project wins like this, layered on top of our higher run rate distribution sales, give us confidence that our combined product platform is a springboard for future revenue growth."

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RFIL RF Industries
$6.80 /

+0.2 (+3.03%)

RFIL RF Industries
$6.80 /

+0.2 (+3.03%)

12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
Over a quarter ago
Hot Stocks
RF Industries receives $535K order for small cell installation kits » 06:36
03/23/21
03/23
06:36
03/23/21
06:36
RFIL

RF Industries

$6.38 /

-0.12 (-1.85%)

RF Industries announced…

RF Industries announced it has received a $535,000 order from a large neutral host customer at the company's Schroff Technologies division. This order for small cell installation kits complements multiple small cell shroud orders previously received from this customer. This solution will be utilized in small cell infrastructure deployments for a tier-1 wireless carrier. RF Industries anticipates that small cells will be widely deployed by mobile operators over the next several years to extend their service coverage and increase network capacity.

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RFIL RF Industries
$6.38 /

-0.12 (-1.85%)

RFIL RF Industries
$6.38 /

-0.12 (-1.85%)

12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
Hot Stocks
RF Industries promotes Peter Yin to CFO » 16:05
01/19/21
01/19
16:05
01/19/21
16:05
RFIL

RF Industries

$5.11 /

-0.01 (-0.20%)

RF Industries announced…

RF Industries announced Peter Yin as its CFO. Yin has served as RF Industries' interim CFO since July 2020. Yin joined RF Industries in September 2014 as corporate controller and was promoted to senior VP, finance and operations in November 2019. He previously worked at Sony Corporation of America in corporate audit and at grant thornton in the assurance practice.

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RFIL RF Industries
$5.11 /

-0.01 (-0.20%)

12/18/20 B. Riley
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities
03/03/20
LD Micro to hold a virtual conference
01/29/20 B. Riley
B. Riley FBR starts 'under the radar' RF Industries with Buy rating
01/29/20 B. Riley
RF Industries initiated with a Buy at B. Riley FBR
Recommendations
RF Industries price target raised to $6.75 from $6.25 at B. Riley Securities » 08:13
12/18/20
12/18
08:13
12/18/20
08:13
RFIL

RF Industries

$5.69 /

-0.25 (-4.21%)

B. Riley Securities…

B. Riley Securities analyst Josh Nichols raised the firm's price target on RF Industries to $6.75 from $6.25 and keeps a Buy rating on the shares following the company's fiscal Q4 beat. While the near-term environment remains "somewhat challenging," business momentum is picking up with October sales exceeding $4M, marking the best revenue month since the start of the pandemic, Nichols tells investors in a research note.

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RFIL RF Industries
$5.69 /

-0.25 (-4.21%)

RFIL RF Industries
$5.69 /

-0.25 (-4.21%)

03/03/20
LD Micro to hold a virtual conference
01/29/20 B. Riley
B. Riley FBR starts 'under the radar' RF Industries with Buy rating
01/29/20 B. Riley
RF Industries initiated with a Buy at B. Riley FBR

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