TrovaGene Inc (NASDAQ:TROV) Soars 85% On Solid Data
Avinger Inc (NASDAQ:AVGR) Is Up 60% in 2 Weeks: What’s Next?
Hawkeye Systems, Inc. (OTC-HWKE) An AI Tech Play That’s Flying Under The Radar
Hawkeye Systems, Inc. (OTC-HWKE) has everything we look for in a long term trade and could be a solid winner for savvy traders.
Occasionally, a play with massive potential manages to fly under the radar for weeks before a chance inquiry gives it the coverage that it deserves.
I believe that we’ve found one such play, which is great because now we get to talk about it before anyone else…
While it’s not particularly surprising that investors have missed out on this play since the company has only been publicly trading for about a month, but this company isn’t messing around and what it’s done in those thirty days has been nothing short of impressive.
First they announced the acquisition of an award-winning tech provider, then they announced that they had entered into a Cooperative Research and Development Agreement (CRADA) with the Department of Defense (DOD), and if that wasn’t enough, the company that they acquired announced that it had installed it’s award-winning tech for Sony Innovation Studios, Inc., a division of Sony Pictures Entertainment (SPE). More on all of this in a bit.
We believe that early investors are really missing out on getting in at the ground floor level of this potential major opportunity as the company is a patent play that’s positioned itself on the cutting edge of artificial intelligence and 4D video / holographic imaging systems offering them near first mover status in what’s being called the fourth industrial revolution of embedded technology, the Internet of Things, autonomous vehicles, and artificial intelligence (AI).
The company’s name is Hawkeye Systems, Inc. and it’s trading under the ticker HWKE.
Trading at $2.81, Hawkeye Systems, Inc. is an American next generation imaging technology company. It was founded by former members of the US Military who joined forces with Hollywood film production veterans to develop professional and military grade imaging products and services to assist with intelligence, surveillance and reconnaissance.
[thrive_leads id=’8774′]
But we can’t talk about Hawkeye without bringing up Radiant Images, a soon to be a division of Hawkeye Systems, which is a multi award winning technology provider to customers worldwide specializing in cinema, immersive, volumetric and light field image capture. ICG Magazine recently named Radiant Images “Light Years Ahead” for their advances in holographic video technology with light field and volumetric image capture.
Investment Highlight: In less than a year, Hawkeye Systems has experienced exponential growth within the imaging technology space.
Their patent pending technologies takes traditional media beyond conventional video or computer screens, as a new communication and interaction medium that can be used across industries such as Military/Law Enforcement, Entertainment, Education, Inspection/Authentication, and Artificial Intelligence.
Products:
Hawkeye Systems’ imaging technology serves as the backbone and infrastructure for some of the largest movie studios and multinational technology companies.
Their patent pending camera systems use RGB, Volumetric and Light Field camera technologies to capture, store, process and output images and depth data in 180 and 360 degrees in real time. These systems provide live streaming and real time image analysis of immersive, 360-degree video which can be applied to a variety of industries and use cases, from the battlefield to the factory floor.
Clients:
But before we go any further, I want to spend some time going over the news that I alluded to earlier.
Recent News:
October 2, 2019: Hawkeye Systems Signs Agreement to Acquire Radiant Images, Deepening its Investment in Providing A.I. and Video Solutions and Expanding Into New Company Verticals
Today, Hawkeye Systems, Inc. (OTCQB: HWKE), announced the execution of a proposed agreement to acquire Radiant Images, an award-winning technology provider to customers world-wide, specializing in cinema, immersive, volumetric and light field.
Hawkeye System’s proposed acquisition of Radiant Images, and its award-winning camera technology, will further enable Hawkeye Systems’ client’s access to combined A.I. and video technology across a variety of industries, as well as granting access to greater capital markets.
The proposed acquisition will now allow the business to create predictive A.I. image analysis solutions. The acquisition is expected to close by the end of December 2019.
Get the full report here: https://finance.yahoo.com/news/hawkeye-systems-signs-agreement-acquire-130000612.html
October 8, 2019: Hawkeye Systems Inc. Announces Department of Defense Agreement and Addition of Former U.S. Naval Aviator
Today, Hawkeye Systems, Inc. (OTCQB: HWKE) is pleased to announce that it has entered into a Cooperative Research and Development Agreement (CRADA) with the Department of Defense (DOD).
The CRADA agreement marks a pivotal milestone for Hawkeye to work collaboratively with the DOD within their various departments to streamline process and further build upon their technology capabilities. Hawkeye will work exclusively to provide technologies and systems that meet DOD capability gaps.
Hawkeye Systems is tasked with developing innovative technologies, materials, components, material combinations, software, modeling, simulations and systems for various DOD applications. The goal is to provide an enhanced operational capability to DOD assets through the development of novel solutions and technologies. Through the interaction and cooperation authorized by this CRADA, the DOD and Hawkeye Systems will develop technologies tailored for Department of Defense needs.
Hawkeye Systems will also add U.S. Navy Consultant, Shawn Petre, as a principal consultant focusing on all issues related to the Department of Defense. Mr. Petre has served in the U.S. Navy and will bring over 22 years of experience as a Naval Aviator.
Get the full report here: https://finance.yahoo.com/news/hawkeye-systems-inc-announces-department-123000989.html
October 10, 2019: Hawkeye Systems’ Radiant Images Installs Volumetric Light Field Capture System – AXA Stage for Sony Innovation Studios
LOS ANGELES, Oct. 10, 2019 /PRNewswire/ — Hawkeye Systems, Inc. (OTCQB: HWKE) announced today that Radiant Images, installed its volumetric (a.k.a. holographic / 4D video) capture system for Sony Innovation Studios Inc., a division of Sony Pictures Entertainment (SPE). As previously reported, the Company has agreed to acquire Radiant Images.
Get the full report here: https://finance.yahoo.com/news/hawkeye-systems-radiant-images-installs-123000729.html
Hawkeye Systems Tech
AXA Camera System:
The patent pending AXA Camera Platform is a system for capturing 360° images and video with 3D depth. Inspired by nature and the laws which govern physics and geometry, the design provides near-perfect spherical 360° capture beyond any system presently available. The precise spacing and positioning of cameras within the AXA:
- Minimizes occlusions and geometry errors
- Allows computational stitching of 360° images and video
- Allows real time streaming and analysis of 360° images and video
- Allows automation and the application of algorithms in real time to 3D depth mapping Volumetric image capture
The AXA is intended to provide a 360-degree, user-defined and customized, field of view in real-time that is exportable to multiple users or group outputs through various platforms simultaneously. The AXA will also provide geo-location and range data to assist/confirm the objective imagery continuously. In a military setting this would allow for:
- Multiplying your force presence
- Tracking people / subjects
- Real-time coordination of activities
- Complete history / reanalysis
- Fusion across many sensor types
- Intelligent processing (user select perspectives)
- Depth mapping
3D Depth, Volumetric, & Light Field Imaging
Hawkeye Systems is a driving force in 3D depth, Volumetric and Light Field imaging. These imaging technologies are core to Holographic, Free viewpoint video and also serves as an essential element for the next generation of operating systems.
Radiant Images AXA Volumetric & Light Field stages from Radiant Images on Vimeo.
Any industry that can use real time image analysis will see value in Hawkeye’s camera systems. They are currently working to expand their technology into a variety of other verticals including
- Education/Training Simulations
- Manufacturing Quality Control
- Inspection/Authentication of Physcial Goods
Smart AI Enabled Camera Systems
The Hawkeye Smart AI Enabled Camera Systems in Body Worn Configuration gives military and law enforcement personnel essential tools to be safer and more effective, whether collecting intelligence, evidence or assessing threats in the field.
Key features include:
- Multiply camera sensors and optics which provide both the 200° & 110° field of view.
- High resolution at 4K streaming and low-light IR cameras
- AI enabled real-time data processing and notification.
- Tier-1 Federal RLS & ARNS security
- LIVE simulcast and push to video and talk via 5G network, Private LTE and backwards compatible to 4G
- Push notification and LIVE view via Geolocation Framework to nearby patrol view.
We are going to continue to follow Hawkeye as it continues to develop, so, as always, stay tuned for more news and updates and start your own due diligence on Hawkeye Systems today.
Disclaimer :This is a paid advertisement and all individuals should verify all claims and perform their own due diligence on PUDO (and / or any other mentioned companies and / or securities), and read this disclaimer in its entirety.Small Cap Exclusive profiles are not a solicitation or recommendation to buy, sell or hold securities. Small Cap Exclusive is a paid advertiser and is not offering securities for sale. Neither Small Cap Exclusive nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor under any federal or state law and none of the information provided by Small Cap Exclusive its owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or investment recommendations.Small Cap Exclusive does not recommend that the securities profiled should be purchased, sold or held and is not liable for any investment decisions by its readers or subscribers.Information presented by Small Cap Exclusive may contain “forward-looking statements ” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance, are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as “expects, ” “will, ” “anticipates,” “estimates,” “believes,” “may,” or by statements indicating that certain actions “may,” “could,” or “might” occur.THIS SITE IS PROVIDED BY SMALL CAP EXCLUSIVE ON AN “AS IS” AND “AS AVAILABLE” BASIS. SMALL CAP EXCLUSIVE MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE OPERATION OF THIS SITE OR THE INFORMATION, CONTENT, MATERIALS, OR PRODUCTS INCLUDED ON THIS SITE. YOU EXPRESSLY AGREE THAT YOUR USE OF THIS SITE IS AT YOUR SOLE RISK.TO THE FULL EXTENT PERMISSIBLE BY APPLICABLE LAW, SMALL CAP EXCLUSIVE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. SMALL CAP EXCLUSIVE DOES NOT WARRANT THAT THIS SITE, IT’S SERVERS, OR E-MAIL SENT FROM SMALL CAP EXCLUSIVE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. SMALL CAP EXCLUSIVE, ITS MEMBERS, MANAGERS, OWNERS, AGENTS, AND EMPLOYEES WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM THE USE OF THIS SITE, INCLUDING, BUT NOT LIMITED TO DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, AND CONSEQUENTIAL DAMAGES.CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MIGHT HAVE ADDITIONAL RIGHTS. By using Small Cap Exclusive, you agree, without limitation or qualification, to be bound by, and to comply with, these Terms of Use and any other posted guidelines or rules applicable.The website contains links to other related World Wide Web Internet sites and resources. Small Cap Exclusive is not responsible for the availability of these outside resources, or their contents, nor does Small Cap Exclusive endorse nor is Small Cap Exclusive responsible for any of the contents, advertising, products or other materials on such sites. Under no circumstances shall Small Cap Exclusive be held responsible or liable, directly or indirectly, for any loss or damages caused or alleged to have been caused by use of or reliance on any content, goods or services available on such sites. Any concerns regarding any external link should be directed to its respective site administrator or webmaster.You agree to indemnify and hold Small Cap Exclusive, its officers, directors, owners, agents and employees, harmless from any claim or demand, including reasonable attorneys fees, made by any third party due to or arising out of your use of the website, the violation of these Terms of Use by you, or the infringement by you, or other user of the website using your computer, of any intellectual property or other right of any person or entity. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification.Small Cap Exclusive is owned and operated by JBN PARTNERS LLC, which is a US based corporation. We are paid advertisers, also known as stock touts or stock promoters, who disseminate favorable information (this “Article”) about publicly traded companies (the “Profiled Issuers”).We publish the Information on our website, www.smallcapexclusive.com and in newsletters, text message alerts, audio services, live interviews, featured “research” reports, on message boards and in email communications for specific time periods that are agreed upon between us and the Profiled Issuer and / or third party paying us. Our publication of the Information is known as a “Campaign”. This information may be sent to potential investors at different times that are minutes, hours, days or even weeks apart. Typically, the trading volume and price of a Profiled Issuer’s securities increases after the information is provided to the first group of investors. Therefore, the later an investor receives the Information, the more likely it is that he will suffer trading losses if they purchase the securities of a Profiled Issuer late in a Campaign. We are paid to advertise the Profiled Issuers, Hawkeye Systems, Inc. Small Cap Exclusive has been hired by Hawkeye Systems, Inc. for a period beginning on October 1, 2019 to publicly disseminate information about (HWKE) via website and email. We have been compensated $20,000. We will update any changes to our compensation.Third Parties paying us to market the Profiled Issuer we believe intend to sell their shares they hold while we tell investors to purchase during the Campaign. Hawkeye Systems, Inc. is a penny stock that was illiquid (little to no trading volume) prior to our Campaign, and therefore these securities are subject to wide fluctuations in trading price and volume. During the Campaign the trading volume and price of the securities of each Profile Issuer will likely increase significantly because of the media exposure. When the Campaign ends, the volume and price of the Profiled Issuer will likely decrease dramatically. As a result, investors who purchase during the Campaign and hold shares of the Profiled Issuer when the Campaign ends will probably lose most, if not all, of their investment.The Information we publish in the Campaign is only a snapshot that provides only positive information about the Profiled Issuers. The Information consists of only positive content. We do not and will not publish any negative information about the Profiled Issuers; accordingly, investors should consider the Information to be one-sided and not balanced, complete, accurate, truthful and / or reliable. We do not verify or confirm any portion of the Information. We do not conduct any due diligence, nor do we research any aspect of the Information including the completeness, accuracy, truthfulness and / or reliability of the Information. We do not review the Profiled Issuers’ financial condition, operations, business model, management or risks involved in the Profiled Issuer’s business or an investment in a Profiled Issuer’s securities.All information in our Campaign is publicly available information from 3rd party sources and / or the Profiled Issuers and/or the 3rd parties that hire us. We may also obtain the Information from publicly available sources such as the OTC Markets, Google, NASDAQ, NYSE, Yahoo, Bing, the Securities and Exchange Commission’s Edgar database or other available public sources.We select the stocks we profile and / or pick as we are compensated to advertise them. If an investor relies solely on the Information in making an investment decision it is highly probable that the investor will lose most, if not all, of his or her investment. Investors should not rely on the Information to make an investment decision.The source of our compensation varies depending upon the particular circumstances of the Campaign. In certain cases, we are compensated by the Profiled Issuers, third party shareholders, and / or other parties related to the Profiled Issuers such as officers and/or directors who will derive a financial or other benefit from an increase in the trading price and/or volume of a Profiled Issuer’s securities.We make no warranty and / or representation about the Information, including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable and as such, your use of the Information is at your own risk. The Information is provided as is without limitation.We are not, and do not act in the capacity of any of the following; as such, you should not construe our activities as involving any of the following: an independent adviser or consultant; a fortune teller; an investment adviser or an entity engaging in activities that would be deemed to be providing investment advice that requires registration either at the federal and / or state level; a broker-dealer or an individual acting in the capacity of a registered representative or broker; a stock picker; a securities trading expert; a securities researcher or analyst; a financial planner or one who engages in financial planning; a provider of stock recommendations; a provider of advice about buy, sell or hold recommendations as to specific securities; or an agent offering or securities for sale or soliciting their purchase.There are numerous risks associated with each Profiled Issuer and investors should undertake a full review of each Profiled Issuer with the assistance of their financial, legal, and tax advisers prior to purchasing the securities of any Profiled Issuer.We are not objective or independent and have multiple conflicts of interest. The Profiled Issuers and parties hiring us have conflicts of interest. Third parties that have hired us and own shares will sell these shares while we tell investors to purchase, and this selling of the Profiled Issuer’s securities will likely cause investors to suffer losses.Our publication of the Information involves actual and material conflicts of interest including but not limited to the fact that we receive monetary compensation in exchange for publishing the (favorable) Information about the Profiled Issuers; and we do not publish any negative information, whatsoever, about the Profiled Issuers; in addition to the fact that while we do not own the Profiled Issuer’s securities, the third parties that hired us do, and intend to sell all of these securities during the Campaign while we publish favorable information that instructs investors to purchase, and this selling of the Profiled Issuer’s securities will likely cause investors to suffer losses.We are not responsible or liable for any person’s use of the Information or any success or failure that is directly or indirectly related to such person’s use of the Information because we have specifically stated that the information is not reliable and should not be relied upon for any purpose. We are not responsible for omissions and / or errors in the Information and we are not responsible for actions taken by any person who relies upon the Information.We urge Investors to conduct their own in-depth investigation of the Profiled Issuers with the assistance of their legal, tax and / or investment adviser(s). An investor’s review of the Information should include but not be limited to the Profiled Issuer’s financial condition, operations, management, products and / or services, trends in the industry and risks that may be material to the profiled Issuer’s business and other information he and his advisers deem material to an investment decision. An investor’s review should include, but not be limited to a review of available public sources and information received directly from the Profiled Issuers or from websites such as Google, Yahoo, Bing, OTC Markets, NASDAQ, NYSE, www.sec.gov or other available public sources.We are providing you with this disclaimer because we are publishing advertisements about penny stocks. Because we are paid to disseminate the Information to the public about securities, we are required by the securities laws including Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, and Section 17(b) of the Securities Act of 1933, as amended (the “Securities Act”), to specifically disclose my compensation as well as other important information, This information includes that we may hold, as well as purchase and sell, the securities of a Profiled Issuer before, during and after we publish favorable Information about the Profiled Issuer. We may urge investors to purchase the securities of a Profiled Issuer while we sell my own shares. The anti-fraud provisions of federal and state securities laws require us to inform you that we may engage in buying and selling of Profiled Issuer’s securities before, during and after the Campaigns.Any investment in the Profiled Issuers involves a high degree of risk and uncertainty. The securities may be subject to extreme volume and price volatility, especially during the Campaigns. Favorable past performance of a Profiled Issuer does not guarantee future results. If you purchase the securities of the Profiled Issuers, you should be prepared to lose your entire investment. Some of the risks involved in purchasing securities of the Profiled Issuers include, but are not limited to the risks stated below.We do not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information. We conduct no due diligence or investigation whatsoever of the Information or the Profiled Issuers and we do not receive any verification from the Profiled Issuer regarding the Information we disseminate.If we publish any percentage gain of a Profiled Issuer from the previous day close in the Information, it is not and should not be construed as an indication that the future stock price or future operational results will reflect gains or otherwise prove to be advantageous to your investment.The Information may contain statements asserting that a Profiled Issuer’s stock price has increased over a certain period of time which may reflect an arbitrary period of time, and is not predictive or of any analytical quality; as such, you should not rely upon the (favorable) Information in your analysis of the present or future potential of a Profiled Issuer or its securities.The Information should not be interpreted in any way, shape, form or manner whatsoever as an indication of the Profiled Issuer’s future stock price or future financial performance.You may encounter difficulties determining what, if any, portions of the Information are material or non-material, making it all the more imperative that you conduct your own independent investigation of the Profiled Issuer and its securities with the assistance of your legal, tax and financial advisor.When 3rd parties that hire us acquire, purchase and / or sell the securities of the Profiled Issuers, it may (a) cause significant volatility in the Profiled Issuer’s securities; (b) cause temporary but unrealistic increases in volume and price of the Profiled Issuer’s securities; (c) if selling, cause the Profiled Issuer’s stock price to decline dramatically; and (d) permit themselves to make substantial profits while investors who purchase during the Campaign experience significant losses.The securities of the Profiled Issuers are high risk, unstable, unpredictable and illiquid which may make it difficult for investors to sell their securities of the Profiled Issuers.We may hire third party service providers and stock promoters to electronically disseminate live news regarding the Profiled Issuers, yet we have no control over the content of and do not verify the information that the Profiled Issuers and/or third party service providers publish. These third party service providers are likely compensated for providing positive information about the Issuer and may fail to disclose their compensation to you.If a Profiled Issuer is a SEC reporting company, it could be delinquent (not current) in its periodic reporting obligations (i.e., in its quarterly and annual reports), or if it is an OTC Markets Pink Sheet quoted company, it may be delinquent in its Pink Sheet reporting obligations, which may result in OTC Markets posting a negative legend pertaining to the Profiled Issuer at www.otcmarkets.com, as follows: (i) “Limited Information” for companies with financial reporting problems, economic distress, or that are unwilling to file required reports with the Pink Sheets; (ii) “No Information,” which characterizes companies that are unable or unwilling to provide any disclosure to the public markets, to the SEC or the Pink Sheets; and (iii) “Caveat Emptor,” signifying buyers should be aware that there is a public interest concern associated with a company’s illegal spam campaign, questionable stock promotion, known investigation of a company’s fraudulent activity or its insiders, regulatory suspensions or disruptive corporate actions.If the Information states that a Profiled Issuer’s securities are consistent with the future economic trends or even if your independent research indicates that, you should be aware that economic trends have their own limitations, including: (a) that economic trends or predictions may be speculative; (b) consumers, producers, investors, borrowers, lenders and/or government may react in unforeseen ways and be affected by behavioral biases that we are unable to predict; (c) human and social factors may outweigh future economic trends that we state may or will occur; (d) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (e) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of new circumstances and situations in which uncertainty becomes reality rather than predicted economic outcome; or (f) if the trend predicted involves a single result, it ignores other scenarios that may be crucial to make a decision in the event of unknown contingencies.The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. You should consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.otcmarkets.com or other electronic media, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the OTCMarkets.com; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.org. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and the OTC Markets and/or have negative legends and designations at otcmarkets.com.No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by to that effect. The information is not a substitute for independent professional advice before making any investment decisions. The CSE (Canadian Securities Exchange) has not reviewed the information in this Article and does not accept responsibility for the adequacy or accuracy of it.Small Cap Exclusive, reserves the right, at its sole discretion, to change, modify, add and/ or remove all or part of this Disclaimer and / or Terms of Use at any time.
Teladoc Health (NYSE:TDOC) Has Been making Consistent Upmove in 2019
Slack Technologies (NYSE:WORK) Gains Momentum After A Bullish Barron’s Article
On September 30, Slack Technologies Inc. (NYSE:WORK) shares surged 9% after a bullish publication in Barron’s. The publication suggested that the recent weakness of Slack’s stock could chance for investors to buy-in.
Shares jump following bullish publication
In recent months most newly public technology companies have lagged. Investors have growingly been having concerns regarding growth stocks without a definitive path to becoming profitable. According to Barron’s, Slack Technology is unfairly being considered among the growth stocks. The publication quotes some bullish Wall Street market analysts and hedge fund executives pointing to solid engagement as well as the best-in-class partnership platform while at the same time talking down competitive concerns regarding Microsoft Corporation (NASDAQ: MSFT).
Bhavan Suri of William Blair indicated that Microsoft seems to be a fairly incomplete product set relative to Slack in form of functionality. He adds that integrations are significantly minimal. Suri started covering Slack during the summer and gave the stock a buy rating. He was encouraged by the fact that the company already had 645 paying clients generating more than $100,000 each in revenue per year.
Slack Tech went public through a direct listing
Slack Technologies is relatively solid when it comes to its financial position compared to most of its rivals. The company has a strong balance sheet with cash of around $800 million.Slack Tech Chief Executive Officer Stewart Butterfield indicated that the amount of cash they have was the main reason they decided to go public.
The company went public through a direct listing rather than having to go the traditional IPO route. The CEO said that the company didn’t want to raise capital because they already were in a strong financial position and also they were not willing to dilute current shareholders.
Since the company went public its stock has been declining for months and on Friday it closed 43% down from its first trade in June. According to Barron’s publication, the selling activity might be a result of existing stockholders trying to cash out.
Illumina (NASDAQ:ILMN): How Should You Trade After The Recent Correction?
Camber Energy (CEI) Subsidiary Lineal Industries Regains Major Client
Precipio Inc. (NASDAQ:PRPO) Completes Validation Of IV-Cell: What Next?
