High Wire Networks Inc (OTCMKTS:SGSI) Stock Falls A Bit After Announcing New Hiring

Shares of High Wire Networks Inc (OTCMKTS:SGSI) continued to trend down in the previous trading session after the recent fall.

Market Reaction

On Wednesday, SGSI stock  moved down 2.52% at $0.4826 with more than 296k shares, compared to its average volume of 533k shares. The stock has moved within a range of $0.4676 – 0.4950 after opening the trade at $0.4950.

Hires Veteran Technology Field Services Executive to Lead Global Command Center Services

Leading global technology systems integrator and managed cybersecurity solutions provider, High Wire Networks Inc (OTCMKTS:SGSI) on November 10, 2021, named IT channel operations veteran Kim Fuller as Vice President of Operations. Fuller will be overseeing operations of the company’s monthly recurring revenue technology services business as well as its 15,000 global technology professionals.

She joins after nearly two decades of experience as Vice President of Operations/Vendor Management for Carousel Industries Inc, a leading IT managed service provider. Carousel revenues grew up by 45 percent year-over-year for a decade and Fuller helped in building the vendor management program, ensuring savings of over $1.5 million year-over-year through negotiations with the suppliers.

High Wire CEO Mark Porter said that the track record in the technology and telecom industry of Kim speaks for itself as she has been instrumental in the hypergrowth of the previous firm. Porter said that the company is keen on tapping her experience and energy for the growth of High Wire.

Fuller has also worked with project management organizations from beginning till the end, managing cash flow, scheduling as well as forecasting. Furthermore, she has managed dispatchers, field technicians as well as network operation center engineers who delivered unified communications, data, software specialists, and staging for the enterprise.

Fuller expressed excitement on working with High Wire’s technology partners for elevating service delivery.

Key Quote

“Kim’s track record in the telecom and technology industries speaks for itself,” said High Wire CEO Mark Porter. “Her can-do attitude is the reason why she played an instrumental role in her previous company’s hypergrowth. We’re eager to tap into Kim’s energy and experience to accelerate growth for High Wire.”

Traders Review

SGSI stock is trading above the 50-Day and 200-Day Moving averages of $0.44 and $0.33 respectively. However, the stock is trading below the 20-Day moving average of $0.50. The stock is up 12% over the past month.


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