Zacks Investment Research upgraded shares of InterCloud Systems Inc. (ICLD) from NEUTRAL to OUTPERFORM on December 17, 2013, with a target price of $15.00.
InterCloud Systems, Inc. is a global single source provider of value added services for both corporate enterprises and service providers. The firm is made up of six operating subsidiaries that have molded the firm into a significant player in cloud and managed services as well as telecom infrastructure. In the first full year of operation the firm is poised to record revenues north of $60 million. The growth of the cloud and the outsourcing of services by telecom providers will act as a tail wind for the firm. Another cloud services subsidiary (IPC) was recently signed that will add approximately $25 million to the top-line. While we like growth story, investors should be aware that some risks exist with regard to dilution as well as the execution risk of bringing all the firms together under one roof.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on InterCloud Systems Inc. (ICLD),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment