Trade Report: The Analysts Anticipate Sysorex Global Holding Corp. (NASDAQ:SYRX) to Post ($0.07) Earnings Per Share

The Analysts Anticipate Sysorex Global Holding Corp. (NASDAQ:SYRX) to Post ($0.07) Earnings Per Share

Sysorex Global Holding Corp. (NASDAQ:SYRX) has earned an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a twelve-month consensus price target of $1.57 for the company and are anticipating that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also given Sysorex Global Holding Corp. an industry rank of 168 out of 265 based on the ratings given to its competitors.

Separately, B. Riley reissued a “buy” rating and set a $2.50 price target on shares of Sysorex Global Holding Corp. in a research report on Sunday, August 14th.

Shares of Sysorex Global Holding Corp. (NASDAQ:SYRX) opened at 0.305 on Wednesday. The company’s market capitalization is $8.23 million. The stock has a 50 day moving average of $0.39 and a 200-day moving average of $0.47. Sysorex Global Holding Corp. has a 12-month low of $0.27 and a 12-month high of $1.07.

Sysorex Global Holding Corp. (NASDAQ:SYRX) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.03. The firm had revenue of $13.30 million for the quarter, compared to analyst estimates of $16.90 million. Sysorex Global Holding Corp. had a negative net margin of 24.93% and a negative return on equity of 59.20%. Analysts predict that Sysorex Global Holding Corp. will post ($0.44) earnings per share for the current fiscal year.

Sysorex Global Holding Corp. Company Profile

Sysorex Global, formerly Sysorex Global Holdings Corp., provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line, on-premise big data appliance product and future Sysorex owned products; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that Sysorex resells; SaaS Revenues, which provides Software-as-a-Services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.

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