SuperCom Announces Preliminary Third Quarter Revenue and Updates Full Year 2015 Forecast
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Cowen Reiterates Outperform on SuperCom (SPCB) Following Preliminary 3Q Revenue
November 30, 2015 2:05 PM ESTCowen reiterated an Outperform rating on SuperCom (NASDAQ: SPCB), and cut the price target to $16.00 (from $19.00), following the company's preliminary 3Q revenue and updated 2015 guidance. Preliminary revenue is $5.6MM to $6.1MM (vs. St. $13.4MM), and full year revenue guidance is now $30MM+ (vs. St.... More
SuperCom's (SPCB) Prelim. Q3 Revenue Falls Short of Consensus
November 30, 2015 8:14 AM ESTSuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, provided preliminary revenue for the third quarter ended September 30, 2015, and updated guidance for the full year of 2015.
Based on preliminary estimates, revenue for the quarter ended September 30, 2015 is anticipated to be in a range of $5.5 million to $6.1 million. Cash and cash-equivalents were approximately $35 million as of September 30, 2015. The Company is... More
