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Hot Stocks
Teligent announces one-for-ten reverse stock split » 16:34
05/26/20
05/26
16:34
05/26/20
16:34
TLGT

Teligent

$0.36 /

-0.0374 (-9.41%)

Teligent announced that…

Teligent announced that as of 12:01 a.m., Eastern Time, on May 28, it will effect a one-for-ten reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on Thursday, May 28.

ShowHide Related Items >><<
TLGT Teligent
$0.36 /

-0.0374 (-9.41%)

TLGT Teligent
$0.36 /

-0.0374 (-9.41%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
TLGT Teligent
$0.36 /

-0.0374 (-9.41%)

TLGT Teligent
$0.36 /

-0.0374 (-9.41%)

On The Fly
Fly Intel: Pre-market Movers » 08:54
05/22/20
05/22
08:54
05/22/20
08:54
MRNA

Moderna

$67.01 /

-6.46 (-8.79%)

, DE

Deere

$142.81 /

+0.51 (+0.36%)

, PDD

Pinduoduo

$60.04 /

-0.89 (-1.46%)

, ICLK

iClick Interactive Asia

$5.41 /

+0.31 (+6.08%)

, TLGT

Teligent

$0.42 /

+0.0125 (+3.06%)

, PANW

Palo Alto Networks

$229.36 /

-4.89 (-2.09%)

, NVDA

Nvidia

$351.01 /

-7.78 (-2.17%)

, FL

Foot Locker

$29.37 /

+1.05 (+3.71%)

, INTU

Intuit

$290.30 /

-0.4 (-0.14%)

, HPE

HP Enterprise

$10.35 /

+0.07 (+0.68%)

, SNDX

Syndax

$20.51 /

+0.34 (+1.69%)

, ROKU

Roku

$114.76 /

-2.3 (-1.96%)

, AMRN

Amarin

$7.29 /

-0.175 (-2.35%)

Check out this morning's…

Open Full Text

ShowHide Related Items >><<
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

SNDX Syndax
$20.51 /

+0.34 (+1.69%)

ROKU Roku
$114.76 /

-2.3 (-1.96%)

PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

INTU Intuit
$290.30 /

-0.4 (-0.14%)

ICLK iClick Interactive Asia
$5.41 /

+0.31 (+6.08%)

HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

FL Foot Locker
$29.37 /

+1.05 (+3.71%)

DE Deere
$142.81 /

+0.51 (+0.36%)

AMRN Amarin
$7.29 /

-0.175 (-2.35%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

05/20/20 Morgan Stanley
Moderna price target raised to $90 from $37 at Morgan Stanley
05/19/20 Piper Sandler
Piper trims Moderna target to $100 on capital raise dilution
05/19/20 BMO Capital
Moderna price target raised to $112 from $83 at BMO Capital
05/19/20 H.C. Wainwright
BioNTech upgraded to Buy from Neutral at H.C. Wainwright
DE Deere
$142.81 /

+0.51 (+0.36%)

05/22/20 Goldman Sachs
Goldman Sachs sees Deere shares outperforming today after earnings
05/20/20 Citi
Deere price target lowered to $145 from $155 at Citi
04/20/20 OTR Global
Farm Equipment Manufacturers downgraded to Negative at OTR Global
04/20/20 Stephens
USDA aid package a positive for Large Ag, says Stephens
PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

05/22/20 CLSA
Pinduoduo price target raised to $72 from $46.50 at CLSA
05/20/20 BofA
Pinduoduo downgraded to Neutral from Buy at BofA
04/29/20 KeyBanc
Pinduoduo price target raised to $65 from $50 at KeyBanc
04/20/20 Credit Suisse
Pinduoduo upgraded to Outperform from Neutral at Credit Suisse
ICLK iClick Interactive Asia
$5.41 /

+0.31 (+6.08%)

05/22/20 Roth Capital
Roth ups iClick target to $7.50, remains buyer after Q1 report
03/31/20 Roth Capital
iClick Interactive Asia Q4 pre-announcement 'in-line,' says Roth Capital
01/27/20 Alliance Global Partners
iClick Interactive Asia initiated with a Buy at Alliance Global Partners
12/05/19 Jefferies
iClick Interactive Asia initiated with a Buy at Jefferies
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

05/22/20 BMO Capital
Palo Alto Networks price target raised to $260 from $230 at BMO Capital
05/22/20 RBC Capital
Palo Alto Networks price target raised to $248 from $225 at RBC Capital
05/22/20 Northland
Palo Alto Networks price target raised to $285 from $274 at Northland
05/22/20 Oppenheimer
Palo Alto Networks price target raised to $265 from $225 at Oppenheimer
NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

05/22/20 JPMorgan
Nvidia price target raised to $405 from $305 at JPMorgan
05/22/20 Rosenblatt
Nvidia price target raised to $400 from $340 at Rosenblatt
05/22/20 Raymond James
Nvidia price target raised to $370 from $330 at Raymond James
05/22/20 Craig-Hallum
Nvidia price target raised to $335 from $300 at Craig-Hallum
FL Foot Locker
$29.37 /

+1.05 (+3.71%)

05/20/20 Susquehanna
Foot Locker price target raised to $28 from $20 at Susquehanna
05/19/20 Pivotal Research
Foot Locker price target lowered to $37 from $45 at Pivotal Research
05/15/20 Deutsche Bank
Foot Locker price target lowered to $27 from $36 at Deutsche Bank
05/08/20 Raymond James
Foot Locker price target lowered to $30 from $50 at Raymond James
INTU Intuit
$290.30 /

-0.4 (-0.14%)

05/22/20 RBC Capital
Intuit price target raised to $315 from $280 at RBC Capital
05/22/20 Guggenheim
Guggenheim ups Intuit price target to $320 with odds of worst case diminishing
05/22/20 Citi
Intuit price target raised to $292 from $272 at Citi
05/22/20 Wells Fargo
Intuit price target raised to $330 from $310 at Wells Fargo
HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

05/22/20
Fly Intel: Top five analyst downgrades
05/22/20 Raymond James
HP Enterprise downgraded to Market Perform from Outperform at Raymond James
05/22/20 Morgan Stanley
Second quarter 'not yet a bottom' for HP Enterprise, says Morgan Stanley
05/22/20 Citi
HP Enterprise earnings call leaves more questions than answers, says Citi
SNDX Syndax
$20.51 /

+0.34 (+1.69%)

05/22/20 H.C. Wainwright
Syndax downgraded to Neutral from Buy at H.C. Wainwright
05/22/20 H.C. Wainwright
Syndax downgraded to Neutral from Buy at H.C. Wainwright
05/22/20
Fly Intel: Top five analyst upgrades
05/22/20 Citi
Syndax upgraded to Buy from Neutral at Citi
ROKU Roku
$114.76 /

-2.3 (-1.96%)

05/22/20 Stephens
Roku downgraded to Equal Weight on worries about TCL at Stephens
05/22/20 Stephens
Roku downgraded to Equal Weight from Overweight at Stephens
05/08/20 Susquehanna
Roku price target lowered to $145 from $170 at Susquehanna
AMRN Amarin
$7.29 /

-0.175 (-2.35%)

05/22/20 Roth Capital
Roth Capital says buy Amarin as at-risk generic launch unlikely
05/22/20 Roth Capital
Roth sees low likelihood of at-risk generic launch of Vascepa
05/22/20 Roth Capital
Amarin selloff today a buying opportunity, says Roth Capital
05/22/20 Cantor Fitzgerald
Cantor Fitzgerald still positive on Amarin despite Hikma's generic approval
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

SNDX Syndax
$20.51 /

+0.34 (+1.69%)

ROKU Roku
$114.76 /

-2.3 (-1.96%)

PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

INTU Intuit
$290.30 /

-0.4 (-0.14%)

ICLK iClick Interactive Asia
$5.41 /

+0.31 (+6.08%)

HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

FL Foot Locker
$29.37 /

+1.05 (+3.71%)

DE Deere
$142.81 /

+0.51 (+0.36%)

AMRN Amarin
$7.29 /

-0.175 (-2.35%)

  • 19
    May
ROKU Roku
$114.76 /

-2.3 (-1.96%)

PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

INTU Intuit
$290.30 /

-0.4 (-0.14%)

HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

FL Foot Locker
$29.37 /

+1.05 (+3.71%)

DE Deere
$142.81 /

+0.51 (+0.36%)

AMRN Amarin
$7.29 /

-0.175 (-2.35%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

SNDX Syndax
$20.51 /

+0.34 (+1.69%)

ROKU Roku
$114.76 /

-2.3 (-1.96%)

PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

INTU Intuit
$290.30 /

-0.4 (-0.14%)

HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

FL Foot Locker
$29.37 /

+1.05 (+3.71%)

DE Deere
$142.81 /

+0.51 (+0.36%)

AMRN Amarin
$7.29 /

-0.175 (-2.35%)

ROKU Roku
$114.76 /

-2.3 (-1.96%)

PDD Pinduoduo
$60.04 /

-0.89 (-1.46%)

PANW Palo Alto Networks
$229.36 /

-4.89 (-2.09%)

NVDA Nvidia
$351.01 /

-7.78 (-2.17%)

MRNA Moderna
$67.01 /

-6.46 (-8.79%)

INTU Intuit
$290.30 /

-0.4 (-0.14%)

HPE HP Enterprise
$10.35 /

+0.07 (+0.68%)

FL Foot Locker
$29.37 /

+1.05 (+3.71%)

DE Deere
$142.81 /

+0.51 (+0.36%)

AMRN Amarin
$7.29 /

-0.175 (-2.35%)

Hot Stocks
Teligent expects reverse stock split to be effectuated on May 28 » 07:36
05/22/20
05/22
07:36
05/22/20
07:36
TLGT

Teligent

$0.42 /

+0.0125 (+3.06%)

The company said,…

The company said, "Nasdaq issued File Number SR-NASDAQ-2020-021 permitting a longer period of time for companies to regain compliance. This notification deferred our previously communicated deadline of June 1, 2020. However, the Company intends to effectuate a reverse stock split in the ratio of 10:1 in order to remove the uncertainty that a potential de-listing presents to current and future investors. We anticipate the reverse split will be effectuated on May 28, 2020."

ShowHide Related Items >><<
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

Earnings
Teligent 'not in a position' to provide FY20 guidance » 07:35
05/22/20
05/22
07:35
05/22/20
07:35
TLGT

Teligent

$0.42 /

+0.0125 (+3.06%)

The company said,…

The company said, "Due to the uncertainties surrounding the duration and severity of the COVID-19 pandemic and its impact on our business, we are unable to reliably estimate our future financial results and therefore we are not in a position to provide guidance for the remainder of 2020. However, given the recent relaxing of shelter-in-place guidelines in various states and the actions taken to reduce spending, we anticipate improved top and bottom line financial performance in the second quarter in comparison to the first quarter of 2020."

ShowHide Related Items >><<
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

Hot Stocks
Teligent receives $3.3M of proceeds under Paycheck Protection Program » 07:34
05/22/20
05/22
07:34
05/22/20
07:34
TLGT

Teligent

$0.42 /

+0.0125 (+3.06%)

The company said,…

The company said, "In alignment with the directives in the state of New Jersey, as a Pharmaceutical manufacturing facility, we are considered "essential". We will remain open as long as permitted and conditions remain safe for our employees in order to continue to supply our products to the patients that need them. Teligent has taken several preventative measures to help ensure business continuity, while maintaining safe and stable operations. We have directed all non-production employees to work from home in accordance with state and local guidelines and have implemented social distancing measures on-site at our manufacturing facility to protect employees and our products. Our employees are provided daily personal protective equipment upon their arrival to our facility and we have implemented temperature monitoring services at our newly established single point of entrance. We have also implemented a bi-weekly sanitization process of the facility. We have adjusted our production schedule to concentrate on high demand or low stock product to help reduce employee concentrations while continuing to focus on our customer demand. In order to improve the Company's liquidity as we manage through the impact of COVID-19 on our business we have taken the following actions: Beginning May 4th our Executive Leadership Team and all employees with annual salaries exceeding $100,000 accepted a 20% and 15% eight-week reduction in salary, respectively. Over the same eight week period, we furloughed a portion of employees at our Buena, NJ manufacturing facility. Initiated a company-wide effort to reduce discretionary spending, simplify the organization, and focus on only what's critically important. We applied for and received $3.3M of proceeds from the U.S. Small Business Administration Paycheck Protection Program and plan to balance the employee-related actions previously taken with the needs of the business to ensure the majority of the loan will be forgiven."

ShowHide Related Items >><<
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

Earnings
Teligent reports Q1 EPS (50c), one est. (18c) » 07:32
05/22/20
05/22
07:32
05/22/20
07:32
TLGT

Teligent

$0.42 /

+0.0125 (+3.06%)

Reports Q1 revenue…

Reports Q1 revenue $7.44M, one est. $7.95M.

ShowHide Related Items >><<
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

TLGT Teligent
$0.42 /

+0.0125 (+3.06%)

Over a month ago
On The Fly
Fly Intel: Pre-market Movers » 09:06
04/08/20
04/08
09:06
04/08/20
09:06
EHTH

eHealth

$117.05 /

-13.53 (-10.36%)

, NVAX

Novavax

$14.87 /

-1.25 (-7.75%)

, PINS

Pinterest

$15.12 /

-0.1 (-0.66%)

, UPS

UPS

$93.01 /

-2.53 (-2.65%)

, FDX

FedEx

$115.98 /

-3.07 (-2.58%)

, RPM

RPM

$61.44 /

+1.58 (+2.64%)

, SGH

Smart Global

$22.61 /

-1.02 (-4.32%)

, GNMK

GenMark

$4.49 /

-0.07 (-1.54%)

, TLGT

Teligent

$0.32 /

+0.0441 (+16.20%)

, AMC

AMC Entertainment

$3.12 /

+0.26 (+9.09%)

, HCAT

Health Catalyst

$26.92 /

-0.76 (-2.75%)

, GLUU

Glu Mobile

$6.14 /

+0.12 (+1.99%)

, IQ

iQIYI

$17.27 /

+0.51 (+3.04%)

, W

Wayfair

$77.44 /

+5.905 (+8.26%)

Check out this morning's…

Open Full Text

ShowHide Related Items >><<
EHTH eHealth
$117.05 /

-13.53 (-10.36%)

03/12/20 Cantor Fitzgerald
eHealth could be considerably undervalued, says Cantor Fitzgerald
02/24/20 Credit Suisse
eHealth price target raised to $179 from $145 at Credit Suisse
02/21/20 SunTrust
eHealth price target raised to $250 from $200 at SunTrust
02/21/20 Craig-Hallum
eHealth price target raised to $200 from $150 at Craig-Hallum
NVAX Novavax
$14.87 /

-1.25 (-7.75%)

03/27/20 B. Riley FBR
Novavax price target raised to $20 from $15 at B. Riley FBR
03/25/20 Cantor Fitzgerald
Novavax price target raised to $23 from $16 at Cantor Fitzgerald
03/25/20 H.C. Wainwright
Novavax price target raised to $24 from $17 at H.C. Wainwright
03/24/20 Ladenburg
Novavax price target raised to $24 from $16 at Ladenburg
PINS Pinterest
$15.12 /

-0.1 (-0.66%)

04/08/20 Credit Suisse
Pinterest price target lowered to $23 from $29 at Credit Suisse
04/08/20 Deutsche Bank
Pinterest update shows Snap could post in-line Q1, says Deutsche Bank
04/07/20 Baird
Pinterest record engagement in past two weeks bodes well beyond storm, say Baird
03/30/20 JPMorgan
Facebook price target lowered to $215 from $225 at JPMorgan
UPS UPS
$93.01 /

-2.53 (-2.65%)

04/08/20 JPMorgan
FedEx, UPS to rally on Amazon halting delivery service, says JPMorgan
04/08/20 Credit Suisse
Amazon external delivery suspension positive for UPS/FedEx, says Credit Suisse
04/08/20 BofA
Amazon Shipping service suspension positive for UPS and FedEx, says BofA
04/08/20 Wells Fargo
UPS price target lowered to $121 from $141 at Wells Fargo
FDX FedEx
$115.98 /

-3.07 (-2.58%)

RPM RPM
$61.44 /

+1.58 (+2.64%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
SGH Smart Global
$22.61 /

-1.02 (-4.32%)

04/08/20 Roth Capital
Smart Global price target lowered to $25 from $30 at Roth Capital
04/08/20 Needham
Smart Global price target lowered to $35 from $45 at Needham
02/07/20 Roth Capital
Smart Global downgraded to Neutral at Roth Capital following debt offering
02/07/20 Roth Capital
Smart Global downgraded to Neutral from Buy at Roth Capital
GNMK GenMark
$4.49 /

-0.07 (-1.54%)

02/11/20
Fly Intel: Top five analyst downgrades
02/11/20 Raymond James
GenMark downgraded to Market Perform from Outperform at Raymond James
02/11/20 Raymond James
GenMark downgraded to Market Perform from Outperform at Raymond James
12/11/19 JPMorgan
JPMorgan downgrades GenMark to Neutral on competitive pressures
TLGT Teligent
$0.32 /

+0.0441 (+16.20%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
AMC AMC Entertainment
$3.12 /

+0.26 (+9.09%)

04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
03/26/20 RBC Capital
Cheesecake, AMC news highlight tenants financial stress, says RBC Capital
03/24/20 Credit Suisse
AMC Entertainment downgraded to Neutral from Outperform at Credit Suisse
HCAT Health Catalyst
$26.92 /

-0.76 (-2.75%)

04/02/20 Canaccord
Health Catalyst initiated with a Buy at Canaccord
03/20/20 JPMorgan
Health Catalyst more insulated from COVID-19 disruption, says JPMorgan
12/19/19 Raymond James
Health Catalyst initiated with a Strong Buy at Raymond James
12/19/19 Raymond James
Health Catalyst initiated with a Strong Buy at Raymond James
GLUU Glu Mobile
$6.14 /

+0.12 (+1.99%)

04/08/20 Stephens
Glu Mobile downgraded to Underweight from Equal Weight at Stephens
03/17/20 Piper Sandler
Video game makers positioned to continue outperforming, says Piper Sandler
03/16/20 Cowen
Video game fundamentals should fare well now, says Cowen
03/12/20 Stifel
Video game publishers may be affected by sports league suspensions, says Stifel
IQ iQIYI
$17.27 /

+0.51 (+3.04%)

02/28/20 CLSA
CLSA upgrades iQIYI to Outperform with coronavirus boosting traffic
02/28/20 CLSA
iQIYI upgraded to Outperform from Underperform at CLSA
02/27/20 JPMorgan
iQIYI upgraded to Neutral with $22 price target at JPMorgan
02/26/20 JPMorgan
iQIYI upgraded to Neutral from Underweight at JPMorgan
W Wayfair
$77.44 /

+5.905 (+8.26%)

04/08/20 JPMorgan
JPMorgan downgrades Wayfair to Underweight, calls revenue surge unsustainable
04/08/20 JPMorgan
Wayfair downgraded to Underweight from Neutral at JPMorgan
04/07/20 BofA
Wayfair upgraded to Buy from Neutral at BofA
04/07/20 BofA
Wayfair upgraded to Buy from Neutral at BofA
Hot Stocks
Teligent announces amendments to existing secured credit facilities » 07:40
04/08/20
04/08
07:40
04/08/20
07:40
TLGT

Teligent

$0.32 /

+0.0441 (+16.20%)

Teligent announced that…

Teligent announced that on April 6, 2020 the Company entered into amendments related to the first lien revolving credit agreement with ACF Finco I LP, a limited partnership affiliated with Ares Management Corporation, as administrative agent, and the lenders party thereto and the definitive second lien credit agreement with Ares Capital Corporation, as administrative agent, and the lenders party thereto. The nature of the amendments is to, among other things, reduce the minimum financial performance required by the Company to comply with quarterly trailing-twelve-month financial covenants for an increase in the cost of capital. The First Lien Amendment amends the First Lien Credit Agreement to, among other things, increase interest rates, reset prepayment premiums and modify the terms of certain mandatory prepayments and modify certain financial covenant levels, each as further described herein and in the First Lien Amendment attached hereto and incorporated by reference herein. Pursuant to the First Lien Amendment, the interest rate on the loans issued under the First Lien Credit Agreement increases from and after the Amendment Closing Date with respect to eurodollar loans, from 3.75% to 5.50%, and with respect to ABR loans, from 2.75% to 4.50%. In addition, from and after the Amendment Closing Date, the interest rate floor applicable to such loans increases by 0.50% with respect to both the eurodollar loans and ABR loans. The First Lien Credit Agreement also provides that in the event of receipt of net proceeds from a disposition triggering a mandatory prepayment under the First Lien Credit Agreement, net proceeds of such disposition will be applied as follows: first, to be retained by the Company or applied to amounts outstanding under the First Lien Credit Agreement until such time as liquidity of the Company and its subsidiaries equals $10 million, next to amounts outstanding under the First Lien Credit Agreement until such amounts are paid in full, and finally, to amounts outstanding under the Second Lien Credit Agreement. In addition, pursuant to the First Lien Amendment, the Company has agreed at all times to maintain book cash of the Company and its subsidiaries not in excess of $10,000,000 with any excess being required to prepay the outstanding obligations under the First Lien Credit Agreement. The First Lien Amendment resets the period during which a prepayment premium may be required under the First Lien Credit Agreement until the date that is thirty months after the Amendment Closing Date. In addition, the following additions and changes to financial covenants set forth in the First Lien Credit Agreement are made pursuant to the First Lien Amendment: a new minimum net revenue covenant is added that is tested on the last day of each fiscal quarter until the quarter ending December 31, 2020, a minimum consolidated adjusted EBITDA covenant that is tested on the last day of each fiscal quarter ending during the period from March 31, 2021 to September 30, 2022 is reset, a total net leverage covenant is eliminated and a minimum liquidity covenant is added and will be tested at all times during the term of the First Lien Credit Agreement. The Second Lien Amendment amended the Second Lien Credit Agreement to, among other things, increase interest rates and modify provisions relating to interest payable in kind, modify the terms of certain mandatory prepayments, modify certain covenants, including financial covenants, each as further described herein and in the Second Lien Amendment attached hereto and incorporated by reference herein. Pursuant to the Second Lien Amendment, the interest rate on the loans issued under the Second Lien Credit Agreement increases from and after the Amendment Closing Date with respect to eurodollar loans, from 8.75% to 13.00%, and with respect to ABR loans, from 7.75% to 12.00%. In addition, from and after the Amendment Closing Date, the interest rate floor applicable to such loans increases by 0.50% with respect to both the eurodollar loans and ABR loans. The Second Lien Amendment extends the period in which the Company is permitted to pay interest in kind on the loans from December 13, 2020 to December 13, 2021 but only if the following occurs: the Company receives a "warning letter close-out letter" from the Federal Drug Administration in response to corrective actions taken by the Company since receipt of the warning letter in November 2019 the Company receives a written recommendation from the Federal Drug Administration setting forth its approval decision in respect of the pre-approval inspection for commercial production on the newly installed injectable line at the Company's New Jersey facility. If only one of those items occurs by December 13, 2020, then the Company may still elect to pay interest in kind during 2021, but only from the time the second condition has been satisfied until December 13, 2021. Thereafter, a portion of interest on the loans accruing at a rate of 4.25% per annum may continue to be paid in kind. The Second Lien Credit Agreement also provides that in the event of receipt of net proceeds from a disposition triggering a mandatory prepayment under the Second Lien Credit Agreement, net proceeds of such disposition will be applied as follows: first, to be retained by the Company or applied to amounts outstanding under the First Lien Credit Agreement until such time as liquidity of the Company and its subsidiaries equals $10 million, next to amounts outstanding under the First Lien Credit Agreement until such amounts are paid in full, and finally, to amounts outstanding under the Second Lien Credit Agreement. Pursuant to the Second Lien Amendment, Ares Capital Corporation will have the right to appoint one non-voting board observer to attend meetings of the Company's board of directors. In respect of financial covenants set forth in the Second Lien Credit Agreement, the Second Lien Amendment makes corresponding changes to those described above with respect to the First Lien Amendment. In connection with the transactions contemplated by the Second Lien Amendment, on April 6, 2020, the Company issued to the lenders party to the Second Lien Credit Agreement certain warrants to purchase shares of the Company's common stock. The Warrants are exercisable for up to, in the aggregate, 5,389,949 shares of the Company's common stock at an exercise price of $0.01 per share of common stock. The Warrants will become exercisable at any time after the Company implements the reverse stock split previously approved by its stockholders and will remain exercisable, in whole or in part, for a period of five years.

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TLGT Teligent
$0.32 /

+0.0441 (+16.20%)

10/03/19
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Earnings
Teligent projects 50% reduction in Q1 revenues compared to Q4 » 07:37
04/08/20
04/08
07:37
04/08/20
07:37
TLGT

Teligent

$0.32 /

+0.0441 (+16.20%)

The Company is projecting…

The Company is projecting a reduction in first quarter 2020 revenues of approximately 50% in comparison to fourth quarter 2019. Consensus $19.19M.

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TLGT Teligent
$0.32 /

+0.0441 (+16.20%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
Earnings
Teligent not providing FY20 financial guidance » 07:35
04/08/20
04/08
07:35
04/08/20
07:35
TLGT

Teligent

$0.32 /

+0.0441 (+16.20%)

Given the macroeconomic…

Given the macroeconomic volatility triggered by the COVID-19 global pandemic and the uncertain impact this might have on the Company's plans to resolve the Warning Letter issued by the FDA in November 2019 as well as the FDA's schedule to conduct the planned pre-approval inspection of its newly constructed sterile injectable manufacturing facility in Buena, New Jersey, the Company will not be providing financial guidance for the year ending December 31, 2020 at this time. "Although we would typically be providing financial guidance to the market today, we believe it's prudent to defer communicating guidance for the full year until we have more clarity of the impact COVID-19 might have on our business, as well as the probability of the Company successfully addressing the FDA Warning Letter and passing the anticipated pre-approval inspection. The amendments announced today to our existing secured credit facilities provide us the time needed to provide this clarity," said Damian Finio, the Company's CFO. "Our intent is to provide a financial update during our first quarter earnings call, anticipated in May 2020."

ShowHide Related Items >><<
TLGT Teligent
$0.32 /

+0.0441 (+16.20%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James

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