NEW YORK (TheStreet) -- Towerstream (TWER) stock is gaining Thursday after announcing it had teamed with Alcatel-Lucent to deploy small cell wireless infrastructure. The agreement will see Alcatel-Lucent leveraging Towerstream's fixed wireless and small cell assets, giving access to locations and services to meet customers' needs.
"Alcatel-Lucent's expertise and relationship with carriers puts our real estate assets on a quick path to small cell deployments," said Towerstream CEO Jeff Thompson in a statement. "The combination of their market experience and customer base coupled with our 5000 plus locations, immediately available on-site high capacity backhaul, and pre-built infrastructure allows us the opportunity to instantly meet the needs of carriers whether it be an all encompassing build-out or a la carte solutions."
By midday, shares had spiked 11.3% to $1.97.
TheStreet Ratings team rates TOWERSTREAM CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOWERSTREAM CORP (TWER) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."