Vista Partners Updates Coverage on Sysorex Global Holdings Corp. (NASDAQ: SYRX); $8.50 Price Target
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 09/19/14 -- announced today that it has updated coverage on (NASDAQ: SYRX) ("The Company," or "SYRX") maintaining its twelve-month price target of $8.50. Ross Silver, Principal Analyst at Vista Partners, stated, "The Company's three acquisitions since March of 2013, have transformed Sysorex from a $5 million IT services provider in 2012 to a diversified technology company that provides cyber security, data analytics, custom application development, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world that realized $50 million in revenues in calendar year 2013. Per Gartner, Inc., worldwide, companies and organizations are expected to spend a combined $3.8 trillion on hardware, software, IT services and telecommunications in 2014 with an approximate 3.1% growth rate over the next five years. Sysorex, through its three acquisitions, has seemingly created a product offering that is unique, disruptive and comprehensive." Mr. Silver concluded, "Lilien Systems, a subsidiary of Sysorex, announced on September 17th that they have partnered with FireEye, Inc. (FEYE, $5B mkt cap), a leader at stopping today's advanced cyber-attacks through its FireEye Fuel Partner Program. The partnership brings together FireEye technology for detecting advanced threats and Lilien Systems' expertise in implementing and servicing security solutions for customers around the world."
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.
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Datum: 19.09.2014 - 13:00 Uhr
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