Major attention is starting to accumulate for this little-known NASDAQ company with a $23 price target….
Greetings Investors,
One arena not getting nearly enough attention is security. Security is a massive industry, and it has only just begun. Just think about all the bad things happening in the world like shootings that take place in schools. It is imperative to get more security and surveillance across the globe.
While many major defense contractors make security-related products, these units play a relatively small role because these companies are more focused on selling multibillion-dollar weapons systems to the Pentagon.
This is why the smaller players are worth paying close attention to when it comes to security….
With that said, add little-known Cemtrex, Inc. (NASDAQ: CETX) to your radar!
This NASDAQ traded holding company has subsidiaries, including one that creates the best video surveillance solutions for commercial, industrial, and government applications.
CETX has a massive price target of $23 right now. An increase of more than 100% compared to current levels!
NASDAQ also has a "STRONG BUY" rating on the stock and so do Barchart.com and Investing.com. AmericanBulls.com additionally has a "BUY" rating on the stock.
All the bullish ratings are adding up…..
With a market cap of just around $8M, CETX has substantial room for upside and growth.
Last year was a transformative year for the company marked by CETX's decision to focus exclusively on its two holdings: Vicon Industries and Advanced Industrial Services (AIS).
Vicon Industries is the company's security subsidiary that has seen YOY improving revenues with strong demand from major customers. The company has award-winning Roughneck cameras and Valerus video management software solutions that are getting recognized.
In fact, Vicon has become a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals, and cities across the world.
According to CETX's CEO Saagar Govil, Vicon is on a strong path towards $5-10 million of recurring revenue in the next three to five years as the industry shifts to SaaS solutions leveraging AI and cloud technology solutions. Vicon is also on track to launch a proprietary AI based analytics solution early next year as well as major improvements to its core software platform Valerus, which CETX expects to further drive sales.
"Looking ahead, we believe revenues for Vicon Industries, based on our current demand, should increase by approximately 16% to $28.0 million for fiscal year 2023 given the launch of its AI based analytics solution, improvements to Valerus and additional sales. We also believe AIS will continue to expand revenues by 3% to $21.8 million driven by continued strength in the Industrial Services market," said Govil.
Saagar Govil has been with Cemtrex since 2008 and has been the Company's CEO and President since December 2011. He was recently named #17 on Business Insider's "Top 100 of Silicon Alley" and "Top 40 Under 40" by Stony Brook University!
Wall Street is typically very Bullish on security… this is despite economic woes and other challenges. The industry is often looked at as a safe bet in uncertain times.
AND… CETX has another subsidiary called AIS, a premier provider of industrial contracting services, that is also raking in major revenues.
Cemtrex, Inc. (NASDAQ: CETX) with its massive $23 price target should be high on your radar!
www.cemtrex.com
Cemtrex, Inc.
NASDAQ: CETX
Company Overview:
Cemtrex Inc. (CETX) is a company that owns two operating subsidiaries: Vicon Industries Inc and Advanced Industrial Services Inc.
SOURCE
Vicon Industries is a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals and cities.
Since 1967, Vicon delivers mission-critical security surveillance systems, specializing in engineering complete security solutions that simplify deployment, operation and ongoing maintenance. Vicon provides security solutions for some of the largest municipalities and businesses in the U.S. and around the world, offering a wide range of cutting-edge and compliant security technologies, from AI-driven video analytics to fully integrated access control solutions. For more information visit www.vicon-security.com
Just check out CETX's revenues and outlook for this year for Vicon:
SOURCE
AIS – Advanced Industrial Services is a premier provider of industrial contracting services including millwrighting, rigging, piping, electrical, welding.
AIS Installs high precision equipment in a wide variety of industrial markets including automotive, printing & graphics, industrial automation, packaging, and chemicals. AIS owns and operates a modern fleet of custom designed specialty equipment to assure safe and quick installation of your production equipment. Our talented staff participates in recurring instructional training, provided to ensure that the most current industry methods are being utilized to provide an efficient and safe working environment. For more information visit www.ais-york.com
And look at CETX's revenue outlook for AIS:
SOURCE
CETX Revenues
- Revenue for the full year of 2022 increased 17% to $50.3 million, compared to revenue of $43.1 million for the full year of 2021.
- Cash and equivalents as of September 30th, 2022 was $10.6M!
First quarter results for 2023 were impressive…
Key First Quarter FY 2023 and Subsequent Highlights
- Revenue for Q1'23 increased 27% to $12.0 million, compared to revenue of $9.4 million for Q1'22.
- Gross margin up 790 basis points to 42% in Q1'23 from 34% in the prior year quarter
Cemtrex Chairman and CEO, Saagar Govil, commented on the results: "The first quarter of fiscal year 2023 was highlighted by continued topline growth as we grew sales by 27% year over year. Additionally, the different steps we have taken operationally have led to a gross margin improvement of 790 basis points to 42%. We expect to see continued increases in our gross margin over the next couple quarters as we drive improvements in Vicon's business. Overall operating income improved with the operating loss for the quarter declining by 41%. We are pleased with the progress we are making to drive better operational results since our shift in focus to our Vicon and Advanced Industrial Services (AIS) businesses."
Second-quarter results are anticipated to be announced later this month so keep an eye out!
Company Highlights
In summary….
This is a pivotal time to have CETX on your radar with its BULLish ratings piling up and its $23 price target.
Vicon shift to AI Based Analytics solutions & Cloud based VSaaS is anticipated to drive recurring revenue growth in high gross margin businesses while AIS set to expand with strong growth in the Industrial Services market.
Revenues are exploding and Q2 financial results are around the corner… Hurry and start your research!
没有评论:
发表评论