Something positively suspect about this cyber-security stock
Intercede is a software and service company specialising in identity, credential management and secure mobility. After 20 years of delivering solutions to high profile customers, from the US and UK governments to some of the world’s largest corporations, telecommunications providers and information technology.
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However Intercede IGP finds its stock at an All Time Low ATL after losing more than 90% of its value from its peak in 2014. What happened in the last five years?
Well revenues have increased since but that has been outweighed by a substantial increase in operating expenses for “strategic investment to exploit new market opportunities”. That statement is true because IGP and their MyID Credential Management System is seen competing against and working alongside some big names such as:
-Intel
-Microsoft
-Symantec Corp
-ARM limited (bought by SoftBank Group Corp)
Their clients now officially include:
-The UK, US, Australian Governments
-Airbus & Boeing
-Barclays, Wells Fargo, ANZ and Swedbank
HOWEVER, the bulk of IGPs clients (no names mention) and subsequent revenue comes from:
-Major military organisations
-Global defense corporations
-Government agencies
-Crypto-currency and finance exchanges
The contracts are rolling in...
The technicals dont confirm much and we cant conclude from the discussion above that this company will succeed. What we can conclude is that cyber-security has incredible investment potential in the future and companies that own software are tools to control and protect identities are in a good position to benefit financially.
I wouldn't be surprised if we saw buy-out in future.
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However Intercede IGP finds its stock at an All Time Low ATL after losing more than 90% of its value from its peak in 2014. What happened in the last five years?
Well revenues have increased since but that has been outweighed by a substantial increase in operating expenses for “strategic investment to exploit new market opportunities”. That statement is true because IGP and their MyID Credential Management System is seen competing against and working alongside some big names such as:
-Intel
-Microsoft
-Symantec Corp
-ARM limited (bought by SoftBank Group Corp)
Their clients now officially include:
-The UK, US, Australian Governments
-Airbus & Boeing
-Barclays, Wells Fargo, ANZ and Swedbank
HOWEVER, the bulk of IGPs clients (no names mention) and subsequent revenue comes from:
-Major military organisations
-Global defense corporations
-Government agencies
-Crypto-currency and finance exchanges
The contracts are rolling in...
The technicals dont confirm much and we cant conclude from the discussion above that this company will succeed. What we can conclude is that cyber-security has incredible investment potential in the future and companies that own software are tools to control and protect identities are in a good position to benefit financially.
I wouldn't be surprised if we saw buy-out in future.