Tucows (NASDAQ:TCX) Stock

Tucows

Tucows Inc is a corporate parent, allocating capital and providing efficient shared services to its three businesses. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services through an Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Ting, Wavelo, and Tucows Domains. It generates the majority of its revenue from Tucows Domains.

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U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 100 points on Wednesday.

The Dow traded down 0.28% to 33,469.12 while the NASDAQ rose 0.75% to 12,270.95. The S&amp;P 500, also rose, gaining, 0.22% to 4,128.18.

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	TScan Therapeutics, Inc. (NASDAQ: TCRX) shares gained 118% to $4.68 after the company and Amgen announced collaboration to identify novel targets in Crohn&#39;s disease.


Why PRA Group Shares Are Trading Lower By 44%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 50 points on Tuesday.

The Dow traded down 0.07% to 33,593.48 while the NASDAQ fell 0.52% to 12,193.35. The S&amp;P 500, also fell, dropping, 0.32% to 4,124.88.

Crude Oil Down 1%; Under Armour Earnings Top Views

Tucows Inc

WIIM

Tucows shares are trading higher after the company reported better-than-expected Q4 revenue results. The company also announced a $40 million
 stock buyback program

Tucows (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) reported quarterly losses of $(1.43) per share. This is a 33.18 percent increase over losses of $(2.14) per share from the same period last year. The company reported $93.10 million in sales this quarter. This is a 7.06 percent increase over sales of $86.96 million the same period last year.

Tucows Q4 Adj $(1.43) Up From $(2.14) YoY, Sales $93.10M Up From $86.96M YoY

Buybacks

Tucows Plans To Repurchase Up To $40M Of Its Common Stock In The Open Market

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Earnings Scheduled For February 13, 2025

Contracts

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Tucows Subsidiary Wavelo Renews Four-year Contract To Provide Its Solutions For Echostar's Boost Mobile

Tucows (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) reported quarterly losses of $(2.03) per share. This is a 2.87 percent increase over losses of $(2.09) per share from the same period last year. The company reported $92.30 million in sales this quarter. This is a 6.12 percent increase over sales of $86.97 million the same period last year.

Tucows Q3 EPS $(2.03) Up From $(2.09) YoY, Sales $92.30M Up From $86.97M YoY

Tuscows Q3 Revenue $92.297M Up From 86.971M YoY

There were also layoffs at the Tucows head office level, as part of a shared services reorganization.
"We expect this to lead to significant Adjusted EBITDA growth for Tucows in 2025 and for the Ting business to be in and around Adjusted EBITDA breakeven in 2025."

Tucows Implements Capital Efficiency Plan, That Impacts Approximately 42% Of Ting Business' Workforce And 17% Of Company's Total Workforce

Tucows (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) reported quarterly losses of $(1.70) per share. This is a 40.56 percent increase over losses of $(2.86) per share from the same period last year. The company reported $89.42 million in sales this quarter. This is a 5.23 percent increase over sales of $84.98 million the same period last year.

Tucows Q2 EPS $(1.70) Up From $(2.86) YoY, Sales $89.42M Up From $84.98M YoY

Management

Tucows Appoints Ivan Ivanov As CFO

Tucows (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) reported quarterly losses of $(2.42) per share. This is a 36.72 percent decrease over losses of $(1.77) per share from the same period last year. The company reported $87.50 million in sales this quarter. This is a 8.79 percent increase over sales of $80.43 million the same period last year.

Tucows Q1 EPS $(2.42) Down From $(1.77) YoY, Sales $87.50M Up From $80.43M YoY

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$850.00</td>
<td>$207.8K</td>
<td>6.9K</td>
<td>47.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$750.00</td>
<td>$28.3K</td>
<td>1.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$210.00</td>
<td>$71.9K</td>
<td>14.1K</td>
<td>4.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$143.00</td>
<td>$25.3K</td>
<td>985</td>
<td>3.0K</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$85.0K</td>
<td>5.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$400.00</td>
<td>$49.5K</td>
<td>5.1K</td>
<td>746</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$305.00</td>
<td>$25.7K</td>
<td>253</td>
<td>539</td>
</tr>
<tr>
<td>MAXN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.00</td>
<td>$43.2K</td>
<td>5.8K</td>
<td>537</td>
</tr>
<tr>
<td>TCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$30.00</td>
<td>$48.2K</td>
<td>415</td>
<td>505</td>
</tr>
<tr>
<td>PTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$37.7K</td>
<td>469</td>
<td>448</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 149 contract(s) at a $850.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $207.8K, with a price of $1400.0 per contract. There were 6983 open contracts at this strike prior to today, and today 47001 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 25 contract(s) at a $750.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $1136.0 per contract. There were 1440 open contracts at this strike prior to today, and today 5382 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 106 day(s) on August 16, 2024. Parties traded 946 contract(s) at a $210.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $71.9K, with a price of $76.0 per contract. There were 14166 open contracts at this strike prior to today, and today 4598 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on May 10, 2024. Parties traded 100 contract(s) at a $143.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $253.0 per contract. There were 985 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold. 
• For COHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on May 17, 2024. This event was a transfer of 1700 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $50.0 per contract. There were 5730 open contracts at this strike prior to today, and today 1700 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 78 day(s) on July 19, 2024. This event was a transfer of 30 contract(s) at a $400.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1650.0 per contract. There were 5144 open contracts at this strike prior to today, and today 746 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on May 3, 2024. This event was a transfer of 50 contract(s) at a $305.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 253 open contracts at this strike prior to today, and today 539 contract(s) were bought and sold. 
• Regarding MAXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>), we observe a put option sweep with bearish sentiment. It expires in 50 day(s) on June 21, 2024. Parties traded 393 contract(s) at a $3.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $110.0 per contract. There were 5894 open contracts at this strike prior to today, and today 537 contract(s) were bought and sold. 
• For TCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on November 15, 2024. This event was a transfer of 505 contract(s) at a $30.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $110.0 per contract. There were 415 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold. 
• Regarding PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>), we observe a put option trade with bullish sentiment. It expires in 15 day(s) on May 17, 2024. Parties traded 58 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $650.0 per contract. There were 469 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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10 Information Technology Stocks With Whale Alerts In Today's Session

&nbsp;Tucows Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TC#TSX">TC</a>)&nbsp;announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to&nbsp;$40 million&nbsp;of its common stock in the open market.
The new&nbsp;$40 million&nbsp;buyback program will commence&nbsp;February 23, 2024&nbsp;and will terminate on or before&nbsp;February 22, 2025. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced&nbsp;$40 million&nbsp;buyback program, which commenced&nbsp;February 10, 2023, has been terminated.
Any shares purchased by Tucows under the stock buyback program will be retired and returned to treasury.
The timing and exact number of common shares purchased will be at Tucows&#39; discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any&nbsp; time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.
The purchase will be funded from available working capital and existing credit facilities. As of&nbsp;February 21, 2024, Tucows had 10,936,673 common shares outstanding.

TSX:TC

Tucows Announces $40M Stock Buyback Program

Tucows (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>) reported quarterly losses of $(2.14) per share. This is a 71.2 percent decrease over losses of $(1.25) per share from the same period last year. The company reported $86.96 million in sales this quarter. This is a 10.20 percent increase over sales of $78.91 million the same period last year.

Tucows Q4 EPS $(2.14) Down From $(1.25) YoY, Sales $86.96M Up From $78.91M YoY

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Earnings Scheduled For February 22, 2024

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