AVCT
Company Name: American Virtual Cloud Technologies, Inc.
Ticker: (AVCT)
Exchange: NASDAQ
Website: avctechnologies.com kandy.io
Company Summary:
AVCT American Virtual Cloud Technologies, Inc. (“AVCT”; Nasdaq: AVCT) is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity.
Consequently, their mission is to provide global technology solutions with a superior customer experience.
In 2020, American Virtual Cloud Technologies, Inc., acquired Computex Technology Group and Kandy Communications.
Kandy, an AVCtechnologies company, is a cloud-based, real-time communications platform.
Moreover, It offers proprietary UCaaS, CPaaS, CCaaS, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities.
Kandy enables service providers, enterprises, software vendors, systems integrators, partners, and developers to enrich their applications.
Also, it services with real-time contextual communications, providing a more engaging user experience.
Moreover, with Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes.
Why did it go up?
Dec. 15, 2021 (GLOBE NEWSWIRE) — American Virtual Cloud Technologies, Inc.’s (AVCtechnologies) (Nasdaq: AVCT) Kandy Communications business unit (Kandy).
Kandy is also a global leader in secure and intelligent cloud communications, today announced that full Public Switched Telephone Network (PSTN) replacement services.
Kandy is now available in Brazil and China, bringing the total number of countries serviced by Kandy’s voice network to 40.
Therefore, you can see the positive results this news can yield.
5 Day Chart
1 Day Chart
Technical Analysis:
Since the news, I like this stock for a quick scalp. It is consolidating in a bullish trend and will have a pretty clean run to resistance at $2.38 which represents a $.20 (8.5%) return per share.
If it haves trouble at $2.38 a trader could exit and take that 8% and run or if it glides past it, you’re in a great position for a run. I like it!
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Tom Furukawa – Chief Executive Officer 26+ years of senior level management experience for some of the world’s most successful companies including: IBM Tivoli, Yahoo!, Kelley Blue Book, The Enthusiast Network, The Rubicon Project, Enstigo, ZEFR and the Ad Exchange Group. Brings deep experience in development and product management for advertising and digital media technologies.
Brent Suen – President, Chairman and Director 27+ years of experience in the investment banking industry. Began his career in merger arbitrage at Bear Stearns as the firm’s youngest hire. Founded Axis Trading Corp in 1993 and sold it to a division of Softbank in 1996. Worked in Asia for 17 years advising Ecommerce and Software as a Service companies on M&A.
Steven Hartman – Chief Product Officer 25+ years experience in enterprise software and marketing at major tech companies, including: Yahoo!, IBM, Acxiom, Kenshoo, The Rubicon Project, and Siebel Systems. Served as VP of global marketing at Kenshoo and VP of marketing at Viglink.
Joshua Jacobs – Independent Director Pioneer in the programmatic media-buying industry. Led innovative technology companies on a global scale. Serves as independent director of Maven. Co-led fundraising, acquisition and integration of four media companies. Former CEO of Accuen and a president of Omnicom Media.
Lea Hickman – Independent Director 30+ years leading product teams to deliver world-class products. VP Product Management at Adobe where she led the product management for all design, web and interactive tools including Dreamweaver, Flash, Indesign and Illustrator. Led the strategy of Creative Cloud, which transformed Adobe into a SaaS company.


Look at this chart, it looks like it could b