Good afternoon Broad Street,
Welcome to all our new members. We hope you start to feel the difference and see why are members are so loyal. InterCloud Systems, Inc. (NASDAQ: ICLD) is showing all the signs of a stock that may be ready for a breakout.
ICLD is a leading provider of cloud networking orchestration and automation solutions and services.
Current price $0.76/share
52 week range- $0.42 – $4.73/share
Must read letter to shareholders issued on January 12th, 2016 Excerpt- Our revenues are up significantly compared to 2014, and we expect to see continued growth in 2016. As previously reported, our pipeline of sales opportunities remains at an all-time high of over $149 million. Full PR- http://finance.yahoo.com/news/intercloud-releasesopen-letter-shareholders-205453976.html
- New contract announcements this year totaling over $5.7M
- Insider buying
- 22.14M shares in the float- source- FINVIZ Last reported annual sales $88.7M
- February 9th, 2016- Partnership with SDN Enterprises, LLC
- Chart showing reversal after bouncing of multiple bottom
- Long term clients include- AT&T, Verizon, Crown Castle, Ericsson, Comcast, The New York Times and Sony, to name just a few
- Cleaning up the balance sheet with the sale of a subsidiary Feb. 19th, 2016 for $24M in cash (see news) Analyst 1 year price target $6 – http://www.nasdaq.com/symbol/icld/real-time
- Top rated stock pick at NASDAQ.com – http://www.nasdaq.com/article/toprated-stockpicks-and-mostread-stories-at-nasdaqcom-march-6-12-cm593324
- Revenue per share $4.58
As you can see the growth prospects, current revenue, new contracts and chart setup make this Cloud company look very appealing at .77/share. As always we will be back with updates.
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