PDS Biotechnology Initiates Novel Vaccine Development Programs For COVID-19 and Universal Influenza; Delay of PDS0101 VERSATILE-002 trial

PDS Biotechnology Initiates Novel Vaccine Development Programs For COVID-19 and Universal Influenza; Delay of PDS0101 VERSATILE-002 trial

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Expanded infectious disease program to address current and potential pandemics builds on existing tuberculosis collaboration

Initiation of Phase 2 VERSATILE-002 trial for PDS0101 in advanced/metastatic head and neck cancer delayed due to global COVID-19 pandemic

PRINCETON, N.J., April 16, 2020 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (PDSB), a clinical-stage immunotherapy company developing novel cancer therapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology, today announced an expanded infectious disease pandemic development program, including novel vaccines for COVID-19 and universal influenza, in addition to its previously announced tuberculosis development collaboration with Farmacore Biotechnology. The Company also announced that initiation of its multi-center Phase 2 VERSATILE-002 trial for PDS0101 in advanced/metastatic head and neck cancer has been delayed due to the severe adverse impact on clinical trial operations from the COVID-19 pandemic.

PDS Biotech’s products combine its novel Versamune® technology with custom-designed, disease-specific proteins to induce both neutralizing antibody and killer (CD8+) T-cell responses, which when co-induced are more powerful in fighting disease than either alone.  This proven Versamune® mechanism, combined with a favorable safety profile, provides a strong rationale to expand the development of Versamune®-based products beyond its initial series of cancer immunotherapies to add potentially transformative vaccines to protect and fight against infectious agents, including COVID-19, influenza, and tuberculosis.

In the Company’s previously reported Phase I clinical study of PDS0101 (NCT02065973), Versamune® was confirmed to be safe and to uniquely facilitate the induction of strong antigen-specific CD8+ and CD4+ T-cells in vivo, including memory T-cell responses against the HPV viral target, leading to regression of disease.

“The potency and versatility of the proprietary Versamune® T-cell activating platform makes it possible for PDS Biotech to immediately start development of novel vaccines to protect against infectious disease agents with pandemic potential, starting with COVID-19 and influenza,” commented Dr. Frank Bedu-Addo, CEO of PDS Biotech. “Preventive vaccines to date have focused on induction of neutralizing antibodies. However, both neutralizing antibodies and killer (CD8+) T-cells have now been confirmed to be important in addressing pathogen-induced diseases such as COVID-19, influenza and tuberculosis. We believe that there is a clear opportunity to leverage our Versamune® platform to develop more effective vaccines that have the potential to safely generate a broader range of immune responses, including antibodies, killer T-cells, and memory T-cells, to prevent and to provide long-term protection against the spread of pandemic agents.”

“While we are adding these new programs, we remain committed to our immuno-oncology programs, including two upcoming single-site Phase 2 studies – one with the NCI to evaluate PDS0101 in combination with two promising immuno-modulating agents in advanced HPV-associated cancers, and another to evaluate the combination of PDS0101 and chemoradiation in patients with locally advanced cervical cancer.  We will continue to closely monitor the impact of COVID-19 on these trials and on oncology clinical trial operations in the US, and will seek to initiate our Phase 2 head and neck cancer trial in the near future if possible,” Dr. Bedu-Addo concluded.

Dr. Lauren Wood, Chief Medical Officer of PDS Biotech added, “Versamune® has demonstrated a superior ability to present viral antigens to our immune system, while simultaneously activating critical immunological pathways that enable the immune system to more effectively respond to and protect against disease. The engineered simplicity, ease of administration, and scalability of Versamune® also enhances the potential of Versamune®-based products to better mitigate the devastating impact of emerging pathogens such as coronaviruses on human health. As we seek to advance our expanded infectious disease development effort, we look forward to discussions with relevant government and non-governmental organizations to determine the most expeditious path forward into human testing.”

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy company with a growing pipeline of cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology platform. Versamune® effectively delivers disease-specific antigens for in vivo uptake and processing, while also activating the critical type 1 interferon immunological pathway, resulting in production of potent disease-specific killer T-cells as well as neutralizing antibodies. PDS Biotech has engineered multiple therapies, based on combinations of Versamune® and disease-specific antigens, designed to train the immune system to better recognize disease cells and effectively attack and destroy them. To learn more, please visit www.pdsbiotech.com or follow us on Twitter at @PDSBiotech.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning PDS Biotechnology Corporation (the “Company”) and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, management. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation:; the Company’s ability to protect its intellectual property rights; potential adverse reactions or changes to business relationships resulting from the resignation of the Company’s Chief Financial Officer or the Company’s ability to find a replacement Chief Financial Officerthe Company’s anticipated capital requirements, including the Company’s anticipated cash runway and the Company’s current expectations regarding its plans for future equity financings; the timing for the Company or its partners to initiate the planned clinical trials for its lead assets, PDS0101 and PDS0102; the Company’s interpretation of the results of its Phase 1 trial for PDS0101 and whether such results are sufficient to support additional trials or the future success of such trials; the successful implementation of the Company’s research and development programs and collaborations, including any collaboration studies concerning PDS0101 and the Company’s interpretation of the results and findings of such programs and collaborations and whether such results are sufficient to support the future success of the Company’s product candidates; the acceptance by the market of the Company’s product candidates, if approved; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration or other regulatory authority approval of, or other action with respect to, the Company’s product candidates; and other factors, including legislative, regulatory, political and economic developments not within the Company’s control, including unforeseen circumstances or other disruptions to normal business operations arising from or related to COVID-19. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company’s annual and periodic reports filed with the SEC. The forward-looking statements are made only as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Media & Investor Relations Contact:

Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613
Email: [email protected]

Tram Bui / Alexander Lobo
The Ruth Group
Phone: +1 (646) 536-7035 / +1 (646) 536-7037
Email: [email protected] / [email protected]

Research comtech telecommunications corp- cmtl early signs of business returning

Wednesday, April 15, 2020

Comtech Telecommunications Corp. (CMTL)

Early Signs of Business Returning?

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Business Returning? While we believe it is too early to call a bottom, since April 6th, Comtech has issued a series of press releases highlighting new business wins. In the tidal wave of negative news coming out daily, we wanted to highlight that Comtech continues to operate even under these challenging conditions.

    BFT-1 Sustainment Support. The contract that keeps on giving provides an additional $6.5 million to Comtech for the period 4/15/20-4/14/21 with an additional 12 month option period added on to the contract. We are still hopeful Comtech will get a seat at the table if the Army moves forward with a BFT-3 type project. Comtech also received…



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Research endeavour silver corp exk lowering 2020 estimates to reflect second quarter suspension of operations in mexico

Wednesday, April 15, 2020

Endeavour Silver Corp (EXK)

Lowering 2020 Estimates to Reflect Second Quarter Suspension of Operations in Mexico

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    First quarter production results are a mixed bag. Compared to the prior year period, first quarter silver and gold production declined 19.9% and 15.7% to 857,659 ounces and 8,476 ounces, respectively. The decline was due to the suspension of mining at the El Cubo mine on November 30, 2019 and lower production at both Bolanitos and El Compas. Guanacevi production results outperformed our expectations, while Bolanitos and El Compas underperformed. Silver production exceeded our estimates, while gold production was below our estimate. Compared to the fourth quarter of 2019, first quarter silver and gold production declined 8.7% and 11.5%, respectively.

    Updating estimates. We forecast a 2020 loss of ($0.06) per share and EBITDA of $22.5 million compared to our prior estimates of $0.01 and $34.1 million. Our revised estimates reflect, in part, lower production in the second quarter due to the suspension of mine activities in Mexico from April 1 through April 30 due to government-mandated work restrictions to curb COV-19 infections. We forecast 2021 EPS and EBITDA of $0.07 and $44.9 million, respectively. Our 2021 estimates reflect continued improvement in mine throughput and grades and the benefit of higher average gold and…


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Research – Comtech Telecommunications Corp. (CMTL) – Early Signs of Business Returning?

Wednesday, April 15, 2020

Comtech Telecommunications Corp. (CMTL)

Early Signs of Business Returning?

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Business Returning? While we believe it is too early to call a bottom, since April 6th, Comtech has issued a series of press releases highlighting new business wins. In the tidal wave of negative news coming out daily, we wanted to highlight that Comtech continues to operate even under these challenging conditions.

    BFT-1 Sustainment Support. The contract that keeps on giving provides an additional $6.5 million to Comtech for the period 4/15/20-4/14/21 with an additional 12 month option period added on to the contract. We are still hopeful Comtech will get a seat at the table if the Army moves forward with a BFT-3 type project. Comtech also received…



    Click here to get the full report.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Endeavour Silver Corp (EXK) – Lowering 2020 Estimates to Reflect Second Quarter Suspension of Operations in Mexico

Wednesday, April 15, 2020

Endeavour Silver Corp (EXK)

Lowering 2020 Estimates to Reflect Second Quarter Suspension of Operations in Mexico

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    First quarter production results are a mixed bag. Compared to the prior year period, first quarter silver and gold production declined 19.9% and 15.7% to 857,659 ounces and 8,476 ounces, respectively. The decline was due to the suspension of mining at the El Cubo mine on November 30, 2019 and lower production at both Bolanitos and El Compas. Guanacevi production results outperformed our expectations, while Bolanitos and El Compas underperformed. Silver production exceeded our estimates, while gold production was below our estimate. Compared to the fourth quarter of 2019, first quarter silver and gold production declined 8.7% and 11.5%, respectively.

    Updating estimates. We forecast a 2020 loss of ($0.06) per share and EBITDA of $22.5 million compared to our prior estimates of $0.01 and $34.1 million. Our revised estimates reflect, in part, lower production in the second quarter due to the suspension of mine activities in Mexico from April 1 through April 30 due to government-mandated work restrictions to curb COV-19 infections. We forecast 2021 EPS and EBITDA of $0.07 and $44.9 million, respectively. Our 2021 estimates reflect continued improvement in mine throughput and grades and the benefit of higher average gold and…


    Click here to get the full report.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research townsquare media tsq quarterly preview unsettling times

Tuesday, April 14, 2020

Townsquare Media (TSQ)

Quarterly Preview: Unsettling Times

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    First quarter preview. The first quarter is not expected to be significantly impacted by the economic fallout from battling the Coronavirus. The quarter started out strong, offsetting some of the advertising weakness in the last two weeks of March. We did not adjust our first quarter estimates although we would not be surprised if there was a “miss”.

    An ugly second quarter. The biggest impact from the Coronavirus will be in the second quarter. We believe that management will guide revenues to be down roughly 39% to 44% with expenses to be down 23%. Operating cash flow, adj EBITDA, is estimated to be…


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making any investment decision.
 

Research 1 800 flowers-com flws what s not to love

Tuesday, April 14, 2020

1-800-Flowers.com (FLWS)

What’s Not To Love?

1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Recent stock weakness provides favorable risk/reward relationship.The FLWS shares dropped 11% on a downgrade to Neutral from another analyst based on recession susceptibility in fiscal 2021. In our view, the best time to buy a consumer stock is on fears of an economic downturn. But, this is not an ordinary consumer stock.

    Changing consumer behavior. Industry wide, traffic to websites are up 150% to 250% in general. We believe that e-commerce companies, like 1800Flowers.com, are likely to benefit from secular shifts toward buying online, a trend that we see…



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Research one stop systems oss initiates expense reduction and reorganization plan

Tuesday, April 14, 2020

One Stop Systems Inc. (OSS)

Initiates Expense Reduction and Reorganization Plan

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centres housing technology.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Moves to Strengthen Company: Near and Long-Term. Yesterday, OSS announced it has initiated a structural change and expense reduction plan designed to align the company’s operations and goals with current market uncertainty while positioning OSS for future growth. The company expects the program to be substantially complete in the current quarter and realize savings of $2.5 million to $3 million on an annual basis.

    Reorg Plan. The major part of the reorg plan is an intensified focus on product marketing development, with the product marketing team now the hub for cross functional coordination with sales, engineering, operations, and finance. This team now will be responsible for creating additional value and customer stickiness, as well as improving margins by…


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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Townsquare Media (TSQ) – Quarterly Preview: Unsettling Times

Tuesday, April 14, 2020

Townsquare Media (TSQ)

Quarterly Preview: Unsettling Times

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    First quarter preview. The first quarter is not expected to be significantly impacted by the economic fallout from battling the Coronavirus. The quarter started out strong, offsetting some of the advertising weakness in the last two weeks of March. We did not adjust our first quarter estimates although we would not be surprised if there was a “miss”.

    An ugly second quarter. The biggest impact from the Coronavirus will be in the second quarter. We believe that management will guide revenues to be down roughly 39% to 44% with expenses to be down 23%. Operating cash flow, adj EBITDA, is estimated to be…


    Click here to get the full report.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – 1-800-Flowers.com (FLWS) – What’s Not To Love

Tuesday, April 14, 2020

1-800-Flowers.com (FLWS)

What’s Not To Love?

1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Recent stock weakness provides favorable risk/reward relationship.The FLWS shares dropped 11% on a downgrade to Neutral from another analyst based on recession susceptibility in fiscal 2021. In our view, the best time to buy a consumer stock is on fears of an economic downturn. But, this is not an ordinary consumer stock.

    Changing consumer behavior. Industry wide, traffic to websites are up 150% to 250% in general. We believe that e-commerce companies, like 1800Flowers.com, are likely to benefit from secular shifts toward buying online, a trend that we see…



    Click here to get the full report.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – One Stop Systems (OSS) – Initiates Expense Reduction and Reorganization Plan

Tuesday, April 14, 2020

One Stop Systems Inc. (OSS)

Initiates Expense Reduction and Reorganization Plan

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centres housing technology.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Moves to Strengthen Company: Near and Long-Term. Yesterday, OSS announced it has initiated a structural change and expense reduction plan designed to align the company’s operations and goals with current market uncertainty while positioning OSS for future growth. The company expects the program to be substantially complete in the current quarter and realize savings of $2.5 million to $3 million on an annual basis.

    Reorg Plan. The major part of the reorg plan is an intensified focus on product marketing development, with the product marketing team now the hub for cross functional coordination with sales, engineering, operations, and finance. This team now will be responsible for creating additional value and customer stickiness, as well as improving margins by…


    Click here to get the full report.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Aurania Resources Ltd. (ARU:CA) – Planning the Next Campaign

Monday, April 13, 2020

Aurania Resources Ltd. (ARU:CA)

Planning the Next Campaign

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Focus shifts to planning and analysis. On March 18, Aurania suspended field operations in Ecuador and withdrew its personnel from the Cordillera de Cutucu following measures by the Ecuadorian government to reduce the spread of new COV-19 infections. Management has shifted its focus to working through its field data backlog, planning ground surveys at Crunchy Hill and Yawi, refining the drilling plan for epithermal gold and silver targets and refining sedimentary-hosted copper-silver targets in both Ecuador and Peru. In our view, the company will be in a better position to hit the ground running once work restrictions are lifted.

    Updating estimates. As an exploration company, Aurania Resources generates no revenue. We are narrowing our 2020 loss estimate per share to (C$0.38) from (C$0.41) to account for lower expenses in the second quarter due to the temporary suspension of fieldwork in Ecuador. While we have not lowered our 2020 estimate for exploration, we have lowered expense estimates associated with travel, investor relations and project evaluation. Second quarter exploration expenses have been shifted to…



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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Great Lakes Dredge & Dock (GLDD) – Disappointing News, But Favorable Outlook Intact

Monday, April 13, 2020

Great Lakes Dredge & Dock (GLDD)

Disappointing News, But Favorable Outlook Intact

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    No go on Corpus Christi. Last week, Callan Marine won the $97.9 million award for dredging and other related work in Corpus Christi. The addition of the General Mac Arthur, a new 32-inch cutter suction dredge, last year allowed Callan to win. GLDD was one of the other two bidders, but limited info is available since it was a RFP process.

    No change in dredging market outlook, but competition has increased. We believe that the widespread disruption caused by the Coronavirus will have a minimal impact on operations since dredging is defined as an essential service, per the Department of Homeland Security (DHS). Our dredging market outlook remains favorable, but competition has escalated, with Callan Marine and…


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