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Communications Systems Incorporated

Communications Systems Incorporated (JCS)

8.18
0.00
(0.00%)
Closed September 17 4:00PM
8.18
0.00
( 0.00% )
Pre Market: 8:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
8.18
Bid
8.25
Ask
8.40
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Market Cap
Previous Close
8.18
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
10,202,000
Dividend Yield
-
PE Ratio
-0.19
Earnings Per Share (EPS)
-0.8
Revenue
79.63M
Net Profit
-8.13M

About Communications Systems Incorporated

Communications Systems Inc is a telecommunications firm. Its Electronics & Software segment manufactures and sells solutions that provide actionable intelligence, power and connectivity at the edge of networks through PoE products, software and services as well as traditional products and designs, d... Communications Systems Inc is a telecommunications firm. Its Electronics & Software segment manufactures and sells solutions that provide actionable intelligence, power and connectivity at the edge of networks through PoE products, software and services as well as traditional products and designs, develops, and sells edge network access products, TDM over IP and other circuit emulation solutions; and Services and Support segment provides technology solutions including virtualization, managed services, wired and wireless network design and implementation, and hybrid cloud infrastructure and deployment and designs develop and sells SD-WAN solutions. It operates in North America; Europe, the Middle East, Africa and the Rest of the world. Show more

Sector
Tele & Telegraph Apparatus
Industry
Tele & Telegraph Apparatus
Headquarters
Wilmington, Delaware, USA
Founded
-

JCS Latest News

ย Communications Systems, Inc. Announces Closing of the Merger with Pineapple Energy LLC and Changes its Name to Pineapple Holdings, Inc.

ย Company raises $32 million in private placement Trading under โ€œPEGYโ€ on the Nasdaq Capital Market to begin March 29, 2022 Communications Systems, Inc. (Nasdaq: JCS) (the โ€œCompanyโ€ or โ€œPineapple...

Communications Systems, Inc. Receives Shareholder Approval to Merge With Pineapple Energy and Announces Expected Merger Closing Date

- CSI Shareholders Approved Merger Proposal at Special Meeting on March 25, 2022 - CSI Expects Closing of Merger to Occur on Monday, March 28, 2022 - CSI Shareholders of Record as of the Close...

Communications Systems, Inc. Adjourns Special Meeting

- Meeting Adjourned to March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET - Proposal #1 โ€“ Pineapple Merger Proposal โ€“ Requires 2/3 of Outstanding - CSI Urges Shareholders to Vote Communications...

Communications Systems, Inc. Reminds Investors that Every Share is Critical to the Approval of the Merger with Pineapple Energy

Urges Investors to vote FOR the Merger at its Special Meeting Submit your vote through your broker, vote online (voting deadline is March 22 at 11:59pm ET) or at the shareholder meeting on March...

Communications Systems, Inc. Reiterates Value of Pineapple Merger Transaction in Advance of Special Meeting on March 23, 2022

- CSI Shareholders Will Receive Value from BOTH Legacy CSI Business AND Future Pineapple Business - Very Close Vote and Every Share is Critical to Approval - CSI Urges Shareholders to...

Communications Systems, Inc. Announces Reverse Stock Split Effective March 18, 2022

Communications Systems, Inc. (Nasdaq: JCS) announced today that effective at 5:00 p.m. Central Time on March 18, 2022, the Company will implement a one-for-four reverse stock split of its...

Communications Systems, Inc. Announces Partial Adjournment of Special Meeting for Proposal #1, Pineapple Merger Proposal

- Proposal #1 โ€“ Pineapple Merger Proposal โ€“ Requires Approval from 2/3 of Outstanding Shares - Other Proposals Required for Merger Were Approved - CSI Urges Shareholders to Vote Communications...

Communications Systems, Inc. Explains Strategic Process and Implications of Proposed Merger

ย - Merger is a result of a multi-year, publicly-disclosed strategic alternatives process - Combination of CVRs and continuing ownership in CSI with the post-closing Pineapple residential solar...

Communications Systems, Inc. Announces that ISS and Glass Lewis Recommend Investors Vote FOR the Merger with Pineapple

Communications Systems, Inc. (Nasdaq: JCS) (โ€œCSIโ€ or the โ€œCompanyโ€) today provided investors with updated information related to the proposed merger transaction with Pineapple Energy LLC...

Pineapple Energy Announces Preliminary Financial Results for Acquisition Partners Hawaii Energy Connection and E-Gear

WAYZATA, Minn., March 07, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy LLC (โ€œPineappleโ€), a leading provider of sustainable solar energy and back-up power and security to households, today...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
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JCS Discussion

View Posts
GArnoldo GArnoldo 3 years ago
By my estimation, the Pineapple Energy merger (a solar panel and battery storage installation company that JCS would turn into), which gives each shareholder one CVR (contingent value right) for every 1 share of JCS they own, should pay out at least $1.50 per CVR guaranteed [$10m in legacy cash + $6.8m Minn. bldg. sale distributed among some 9.7m shares outstanding] after the merger is completed (the last remaining detail is to get 3.67% more votes for Proposal #1 on Wed. March 23, 2022). In other words, buying the shares of JCS now, in order to get 1 non-transferable CVR per one share of JCS owned at the time of the merger, is like paying the current $2 per share, and then getting $1.50 per share back a few months later after the fact! Stated another way, it's like paying 50 cents per share (the approx. current $2 share price minus $1.50 CVR payment) to get in on a cutting edge solar company that's growing in Hawaii and that wants to expand to California and across the nation! Sounds like one heck of a deal to me!
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Chaz1951 Chaz1951 3 years ago
Looks like another payout after they close on the sale of their building
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Chaz1951 Chaz1951 3 years ago
FYI , dividen just hit my TD account, just in tike to cover margin call
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Chaz1951 Chaz1951 3 years ago
Oops
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RickInv RickInv 3 years ago
I have a couple shares of JCS. Is there one or two $3.50 dividends coming up?

This news prompts my question:
"On September 13, 2021, Communications Systems, Inc. (โ€œCSIโ€) issued a press release announcing that its board of directors had declared a special dividend of $3.50 per share payable on October 15, 2021, to CSI shareholders of record at the close of business on September 30, 2021. Because the dividend exceeded 25% of the market price on the day we announced the dividend, we have been advised by Nasdaq that the ex-dividend date will be October 18, 2021, the first business day after the October 15, 2021 payment date."

Link: https://www.commsystems.com/2021/09/23/special-dividend-ex-dividend-date-october-18th/
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Chaz1951 Chaz1951 3 years ago
Not understanding why stock price is down , if they are giving a $3.50 /s dividend, Free money?
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Chaz1951 Chaz1951 3 years ago
I canโ€™t seem to find out, do we get the dividen in cash ( in our account) or a additional shares?
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Chaz1951 Chaz1951 3 years ago
Thanks, figured there would more activity, and talking about this stock.
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fireballka7 fireballka7 3 years ago
free to trade.
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Chaz1951 Chaz1951 3 years ago
After the dividen is paid out, is the stock free to trade or is there a restriction? Thanks
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fireballka7 fireballka7 3 years ago
Big week here
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Chaz1951 Chaz1951 3 years ago
Is this a bad play?
Buy at $10.00 get back $3.50
Cost is $6.50
Am I missing something?
Thanks
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Chaz1951 Chaz1951 3 years ago
Is the dividen paid in cash or as a drip?
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Green2009 Green2009 3 years ago
Read.. $3.50 Special dividend and funded from the sale of legacy assets.

No price change due to dividend distribution. Price change may occur during trading like any other stock.

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Chaz1951 Chaz1951 3 years ago
Is this stock not worth the $4.50 after the dividen payout?
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makinezmoney makinezmoney 3 years ago
$JCS: Holy Crapper.......... Shot up to $10 in PreMarket


Slight pullback now to $8.20 but definitely one to watch.


6Milly Floater on the GOOooooooooooooooooo



https://www.commsystems.com/




GO $JCS

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fireballka7 fireballka7 3 years ago
wow, hours and no chat on this news here?
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ClayTrader ClayTrader 4 years ago
* * $JCS Video Chart 03-02-2021 * *

Link to Video - click here to watch the technical chart video

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Sinvests Sinvests 4 years ago
I agree, enter with caution.
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make it happen make it happen 4 years ago
Quarterly Revenue Growth (yoy) -11.10%
Quarterly Earnings Growth (yoy) -84.90%

Think we fade for days. Highest volume day will ever have imho
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T695 T695 4 years ago
Bulls and bears are really fighting on this one
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Sinvests Sinvests 4 years ago
MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (โ€œCSIโ€ or the โ€œCompanyโ€), an IoT intelligent edge products and services company, today announced that it entered into a definitive merger agreement with privately held Pineapple Energy, LLC (โ€œPineappleโ€), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Upon closing, CSI will commence doing business as Pineapple Energy, with a business model focused on the rapidly growing home solar industry. The Company expects shares of the combined company to continue to trade on the Nasdaq Capital Market under the new ticker symbol โ€œPEGY.โ€ The definitive merger agreement and transaction have been approved by CSIโ€™s Board of Directors and are subject to approval by CSIโ€™s shareholders. The transaction is expected to close in the second quarter of 2021.

Source:


https://www.businesswire.com/news/home/20210302005368/en/Communications-Systems-Inc.-Announces-Agreement-to-Merge-with-Pineapple-Energy-LLC
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