Novatel Wireless (MIFI) Mobile-Broadband Deal Catches Attention; Potential Interest Around Imperva (IMPV)


Novatel Wireless Inc. (Nasdaq:MIFI) shares soared more than 27% to touch a new 52-week high in after-hours trading Thursday as the company said that has reached a $50 million deal – payable at closing – to sell its mobile broadband business portfolio to Hong Kong-based T.C.L. Industries Holdings

MIFI stock finished the regular session in positive territory by 3.04% (or +$0.09) at $3.05, with a total volume of 557,763 shares traded

Novatel Wireless, a global provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT), has 53.85M Shares Outstanding. At close on Thursday, the company had a Market Capitalization of $162.88M and MIFI stock one-year range was between $0.84 and $3.80 per share



Shares of Imperva, Inc. (NYSE:IMPV) climbed over 15% in the extended session Thursday following a report from Bloomberg indicating that the cyber-security solutions company has drawn interest from companies including tech giants Cisco Systems Inc. (Nasdaq:CSCO) and International Business Machines Corp. (NYSE:IBM)

IMPV stock closed at $43.39, up $0.39 (or +0.91%) and 749,257 of its shares changed hands during the day

Imperva, which engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises, has 32.61M Shares Outstanding, Market Capitalization (intraday) of $1.4B and IMPV stock 52-week range is from $31.11 to $77.99 per share


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