Maxim Group Sticks to Its Buy Rating for SuperCom (SPCB)

In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on SuperCom (SPCBResearch Report), with a price target of $1.00. The company’s shares closed yesterday at $0.26.

According to TipRanks, Galinko is a 2-star analyst with an average return of -1.1% and a 36.47% success rate. Galinko covers the Technology sector, focusing on stocks such as SuperCom, WISeKey International Holding, and Adeia.

SuperCom has an analyst consensus of Moderate Buy, with a price target consensus of $1.00.

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Based on SuperCom’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.22 million and a GAAP net loss of $2.81 million. In comparison, last year the company earned a revenue of $3.03 million and had a GAAP net loss of $1.3 million

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SuperCom Ltd. engages in the provision of traditional and digital identity solutions. It offers identification, tracking, and security products to governments and private and public organization. The company operates through the following divisions: e-Gov, IoT, and Cyber Security .The Cyber Security division provides comprehensive solutions to protect the organization’s sensitive data residing on servers, laptops and detachable devices. The e-Gov division provides solutions for traditional and biometrics enrollment, personalization, issuance and border control services, the Company has helped governments and national agencies design and issue secured multi-identification, or Multi-ID, documents and robust digital identity solutions to their citizens, visitors and Lands. The IoT division products and services provides reliably identify, track and monitor people or objects in real time, enabling the customers to detect unauthorized movement of people, vehicles and other monitored objects. SuperCom was founded by Jack Hasan and Eli Rozen on July 4, 1988 and is headquartered in Tel Aviv-Yafo, Israel.

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