Strikeforce Technologies Inc (OTCMKTS:SFOR) Shares React to Target Partnership

Strikeforce Technologies Inc (OTCMKTS:SFOR) shares were up nearly 25% on Tuesday after the company announced its partnership with Target.

Strikeforce Technologies Inc (OTCMKTS:SFOR) shares were up 24.62% to $0.00486 on Tuesday after the company recently shared its partnership details with Target. The company has a market cap of $13.52 million at 2.28 billion shares outstanding. Shares have been trading in a 52-week range of $0.00 to $0.10.

Strikeforce Technologies is a a software development and services company that offers a suite of integrated computer network security products using its technology. In particular, the company  develops identification protection software products to protect computer networks from unauthorized access and to protect network owners and users from cyber security attacks and data breaches. Its  suite of products is targeted to the financial, e-commerce, corporate, government, healthcare, legal, insurance, technology and retail sectors.

Among its products are ProtectID, GuardedID, CryptoColor technology and MobileTrust. In a recent press statement, Strikeforce Technologies shared that it will be selling its GuardedID anti-keylogging software for desktops and laptops in select Target stores and its MobileTrust security bundle for mobile devices.

We’re very excited to have our products on shelves and online at Target,” said Strikeforce Technologies CEO Mark Kay. “Keylogging hackers are a serious threat to consumers — and most people don’t even know they are exposed. This type of spyware can avoid detection by anti-virus programs and steal every keystroke you type into your computer or mobile device. We’re partnering with Target to offer an affordable way for the everyday consumer to proactively protect their personal and financial information from prying eyes.”

Kay added that working with Target brings them a step closer to meeting their retail store strategy goals, apart from making the world a safer place from cybersecurity attacks. Earnings data for the first quarter of the year came in mostly better than expected and previous periods, partly due to a cash injection from its Microsoft settlement, but the sales from these products on Target should help shore up revenue for the current quarter.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.

Edward Tarpin likes fishing, beer and small caps with healthy balance sheets. He can usually be found somewhere in between a 10Q and a 10K, and is the go to guy for risk management driven portfolio construction.

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