Good morning traders,
We promised you something we can sink our teeth into and cover longer term, so here it is. The chart is sitting just below the 50 DMA. (See chart below)
Our new profile has made two key acquisitions/mergers in the last year that make this company very attractive as a player in the very hot cyber security and education technology space. This company started making acquisitions to further their initiatives almost immediately after going public. This is a pattern we would expect will continue.
Code Rebel Corp. (NASDAQ: CDRB)
Goal- become the leader in education technology (Very hot space right now)
Mission Statement- Become the cyber security leader in the US education market
First acquisition ThinOps- (This added significant revenues to Code Rebel’s bottom line)
First, in May 2015 the acquisition of ThinOps creator of the Raspberry Pi computer which initially expected sales of about 1000 $35 pocket sized boards. That estimate turned out to be somewhat conservative. More than eight million boards have shipped in the four years since the Pi’s launch – with the Pi selling faster than ever last year. Note that schools have been using the boards in serious numbers. Read more- http://www.thinops.com/
Recent acquisition Aegis Cyber ID– March 14th, 2016 (This acquisition added approximately $1.2M annually to Code Rebel’s bottom line)
Code Rebel and Aegis Identity Announce Definitive Merger and Joint Operations
Merger Focuses on Cross-Marketing Opportunities and Maintaining Leadership Position in Identity Management Market
Note* Aegis provides their services to the education market as well.
Oppenheimer & Co. Inc. facilitated this merger
Oppenheimer & Co. Inc. delivered a fairness opinion to the Board of Directors of Code Rebel in connection with the merger.
http://finance.yahoo.com/news/code-rebel-aegis-identity-announce-132749691.html
The merger and joint operations are intended to maintain and grow Aegis Identity’s leadership position in, and capitalize on cross-marketing opportunities within Education Technology, Cyber Security, and Identity and Access Management markets.
Aegis Identity Software Named as a “Selected Vendor” for Identity and Access Management for Both Organization-Centric and Federation Based Deployments in Gartner’s IT Market Clock for Higher Education, 2015
Gartner Report States That Overall, IAM Is Necessary to Enable Personalized, Secure and Auditable Access to Networks, Systems and Data, a Top Priority in Higher Education
PR- http://finance.yahoo.com/news/aegis-identity-software-named-selected-130000016.html
Bill Gates is a big supporter of education technology- https://www.gatesnotes.com/Education/Tech-for-Teaching
Excerpt from the article above
“Every teacher deserves the chance to be phenomenal.”
“It’s easy to say, and I don’t know anyone who would disagree with the sentiment. But in the history of American education, this vision has proven hard to deliver on. Whenever I talk to teachers, one of their biggest concerns is that they don’t have the tools they need to do their best work. We see the same results in polls of teachers.”
Share Structure- source Yahoo Finance
Current PPS around $2.50
52 week range- $1.51- $44.21
Outstanding- 13.8M
Public Float- 9.68M
Chart setup
This initial report should get everyone familiar with (NASDAQ: CDRB) however, we will be back with more.
The Team