Hammer Wireless (HMMR) Breaks Above 200-Day Moving Average

Tech

(NEW YORK)–Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) breaks above its 200-day moving average as construction of its telecom networks in Sierra Leone and Dominica begin.

The Company recently announced its first phase of both networks, which includes the deployment of wholesale voice and SMS services in each market, was progressing on schedule. POP selections have been made and network equipment has either been delivered in country or is en route into the market. Hammer announced that the first services in these markets would be available in its third fiscal quarter, ending April 2019.

Best Trader Tool Around

“Hammer has now entered its next phase of development,” said Erik Levitt, Hammer’s CEO. “The acquisitions made last quarter have been fully integrated, and we now look forward to building into the new markets we have established.” Hammer announced its partnership with Wikibuli to deploy its wholesale network and retail wireless facilities in Dominica in December of 2018. The announcement of its first deployment in West Africa in Sierra Leone followed in January. “We will grow organically in our new markets as well as through acquisition.”

“Our accomplishments last quarter have laid the foundation for Hammer’s future,” said Michael Cothill, Hammer’s Chairman and a veteran of the African wireless marketplace. “We look forward to expanding our operations in West Africa, the Eastern Caribbean and in the United States.” Hammer is deploying its “Everything Wireless” strategy across multiple markets both as an operator and using strategic partnerships under its Mobile Network Service Provider Program.

“Technology is only one piece in solving the world’s connectivity puzzle. Hammer’s combination of global reach, local experience and advanced technology makes us unique in the marketplace,” added Levitt. “I have the utmost confidence in our team. The trust and respect that we have built over the last decade provides the ideal environment for us to accomplish our objectives.”

Recent Upgrade

Ludlow Research, a small cap equity research firm based in New York, upgraded its ‘short-term’ opinion on HMMR with a $2.00 to $3.00 price range target based on Hammer’s move into commercializing of their “Everything Wireless” program.

As both projects in Africa and Dominica come online in late February and March 2019 HMMR stock offers the ‘short-term’ opportunity for rise into the $2.00 to $3.00 range going into this event.

Longer-term, as more new projects are revealed, this company has strong potential for even higher prices based on their unique technology, and ability to deliver pre 5G service to more rural and under served areas. In addition, prospects of HMMR becoming an acquisition target from a larger telecom player should only increase as more service is launched in emerging market regions.

HMMR ability to now reach into 49 states, both urban and rural, could position Hammer Fiber as a potential acquisition target for last mile delivery for some of the bigger players in the space, like Google Fiber (NASDAQ:GOOGL) or AT&T AirGig (NYSE:T).

Case in point, take a look at what happened to Straight Path Communications, Inc. (NYSEMKT:STRP), an owner of much sought after bandwidth spectrum. STRP held a large inventory of 28 GHz and 39 GHz millimeter wave spectrum used in mobile communications that would give a new owner an advantage in 5G development. Well this set off a bidding war between Verizon (NYSE:VZ) and AT&T that sent Straight Path stock from around $35 a share to high of $230 in just one month.

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact Frank Pena at fpena@hammerfiber.com

Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated for this alert, but does hold business relationships with above mentioned companies, and thus should be considered a possible conflict of interest when reviewing this report and information. WSNC, or its affiliates, may hold a position in above securities from time to time, and also should be considered a possible conflict of interest when reviewing this report and information. As of date of this alert no positions of above mentioned securities were held by any of our affiliates. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial adviser before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
High Risk
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial adviser before making any and all investment decisions when investing in these type of securities.

Share