Australia's Etherstack marks best day in 10 months on strong HY outlook

Etherstack

14/05/2021 01:59

** Shares of Etherstack PLC  ESK.AX  jump as much as 11.00%
to A$0.555, eyeing their biggest daily gain since July 9, 2020
    ** The wireless communications software developer expects
revenue for half year ending June 30 to be $3.1 mln-$3.6 mln,
representing a 30%-50% jump from a year ago  urn:newsml:reuters.com:*:nASX59Ql04
    ** Co also expects to derive further revenue in current half
year from successful conclusion of advanced negotiations, which
are currently in progress
    ** Stock down 19.4% this year, as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))