Cowen Starts SuperCom (SPCB) at Outperform

Cowen initiates coverage on SuperCom (NASDAQ: SPCB) with a Outperform rating and a price target of $19.00.

Analyst Robert Stone commented, "SPCB integrates e-ID and RFID technology for government customers. New awards of $60MM+ in 2014 support 40%+ 2015E sales growth and an expanding base of L-T recurring revenue. New applications in M2M and mobile payments should drive incremental sales. A high-margin model with minimal capital expenditures should yield strong cash flow. Initiating with Outperform (1) and $19 PT."

For an analyst ratings summary and ratings history on SuperCom click here. For more ratings news on SuperCom click here.

Shares of SuperCom closed at $12.75 yesterday.

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