Morgan Joseph Starts GlobalSCAPE (GSB) at Buy; File Too Large to E-mail? No Problem for GSB
Tweet
Share
E-mailGet Alerts GSB Hot Sheet
Price: $9.48 --0%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Morgan Joseph initiates coverage on GlobalSCAPE (NYSE: GSB) with a Buy. PT $3.50.
Morgan analyst says, "We believe the company stands to benefit from a number of opportunities including the introduction of new products and solutions offered in large addressable and growing markets, and an approximate 42% recurring revenue stream that we anticipate to increase as a proportion of total revenue, and which should help GlobalSCAPE in self-funding its own growth."
"We project 2010, 2011, and 2012 revenue of $19mm, $20mm, and $24mm, respectively, while for EPS, we expect $0.05, $0.01, and $0.13, respectively. We believe that sales from the company’s EFT business should largely continue to drive revenue growth in 2011 and 2012."
For more ratings news on GlobalSCAPE click here and for the rating history of GlobalSCAPE click here.
Shares of GlobalSCAPE closed at $2.45 yesterday.
Morgan analyst says, "We believe the company stands to benefit from a number of opportunities including the introduction of new products and solutions offered in large addressable and growing markets, and an approximate 42% recurring revenue stream that we anticipate to increase as a proportion of total revenue, and which should help GlobalSCAPE in self-funding its own growth."
"We project 2010, 2011, and 2012 revenue of $19mm, $20mm, and $24mm, respectively, while for EPS, we expect $0.05, $0.01, and $0.13, respectively. We believe that sales from the company’s EFT business should largely continue to drive revenue growth in 2011 and 2012."
For more ratings news on GlobalSCAPE click here and for the rating history of GlobalSCAPE click here.
Shares of GlobalSCAPE closed at $2.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- BMO Capital Resumes Snowline Gold Corp (SGD:CN) (SNWGF) at Outperform
- Leerink Starts Freenome Inc. (FRNM) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Morgan JosephSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
