Vista Partners Initiates Coverage on Sysorex Global Holdings Corp. (NASDAQ: SYRX); $8.50 Price Target
(Marketwire Via Acquire Media NewsEdge) SAN FRANCISCO, CA -- (Marketwired) -- 07/24/14 --
Vista Partners announced today that it has initiated coverage on Sysorex Global Holdings Corp. (NASDAQ: SYRX) ("The Company," or "SYRX") with a twelve-month price target of $8.50. Ross Silver, Principal Analyst at Vista Partners, stated, "The Company's three acquisitions since March of 2013 have transformed Sysorex from a $5 million IT services provider in 2012 to a diversified company that realized $50 million in revenues in calendar year 2013. These acquisitions have also shifted the Company's customer base from 100% government agencies to roughly 90% private sector, with diversified technology offerings." Mr. Silver concludes, "Through its synergistic acquisitions, we believe SYRX is well positioned for strong organic growth in the coming years driven primarily by AirPatrol's potentially disruptive location-based, context-aware security for mobile devices and Lilien's expertise and focus on the rapidly growing Big Data Analytics, and Cybersecurity markets."
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.
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Source: Vista Partners LLC
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