Category: Tech

Wednesday, August 7, 2019

DLH Corporation (DLHC)

3Q Post Call Analysis

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offer services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of defense and other government agencies.

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

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

• Integration Going Very Well. The integration of Social & Scientific is proceeding apace. We believe the secure data analytics platform will add significant value to DLH’s core proposition. DLH is well positioned to compete for an expanded opportunity set.
  
• Favorable End Markets. The recent Budget deal, if enacted, increases funding to…
  
  
  

  
  

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*Analyst
certification and important disclosures included in 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. 

Tuesday, August 6, 2019

Information Services (III)

Will Back Half of Year Be Better Than First Half?

Information Services Group (ISG) (III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning.

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

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

• 2Q19 Results. ISG reported second quarter revenue of $67.3 million, adjusted EPS of $0.07, and adjusted EBITDA of $8.1 million. We forecast revenue of $68 million, adjusted EPS of $0.07, and adjusted EBITDA of $7.3 million.
• Public Sector Rebound. The second quarter saw the long awaited rebound in the second quarter with ISG adding a record high $13 million of multi-year public service contracts across its markets. We are…
  
  
  

  
  

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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 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. 

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

The IRS is cracking down on bitcoin and other cryptocurrency holders who haven’t reported earnings or paid taxes on trades. In August, about 10,000 bitcoin owners will receive letters from the IRS requiring payment on any unreported cryptocurrency trades. IRS established a Virtual Currency Compliance Campaign addressing issues related to noncompliance on cryptocurrency. The Virtual Currency Compliance campaign focusses on “noncompliance related to the use of virtual currency through multiple treatment streams including outreach and examinations. The compliance activities will follow the general tax principles applicable to all transactions in property, as outlined in Notice 2014-21. Taxpayers with unreported virtual currency transactions are urged to correct their returns as soon as practical.” IRS has conducted ongoing compliance investigations to find cryptocurrency holders and sent previous initial educational letters to taxpayers. Chuck Rettig, the IRS Commissioner stated, “the IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.” Last year, a court order for Coinbase, a cryptocurrency exchange platform, required the turnover of information to IRS, on around 14,000 accounts. The IRS targeted accounts on Coinbase who purchased or had sales of more than $20,000 worth of cryptocurrencies between the period of 2013 to 2015. The IRS had only received about 900 filing reports relating to cryptocurrency transactional gains or losses even though a large majority of Americans use regulated cryptocurrency exchanges such as Coinbase.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Micro-Mobility startups, such Bird, Lime, Skip and Spin, grant users access to find and access electric scooters (e-scooters) through a phone application. Over the last two years, rentable e-scooters have been emerging throughout U.S. cities, and expanding worldwide. Once a user reaches their specific destination, they are able to just leave to scooter and freely continue onward. Shared scooters and other micro-mobility services may provide a new future in transportation throughout cities. Micro-mobility services largely consisting of e-scooters have seen a surge in fatal accidents and other injuries due to rider negligence. E-scooters may prove to be a safety hazard for not only the rider but passing drivers and pedestrians who must be aware of their surroundings.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Over the decade, digital currency, commonly referred to as cryptocurrency, has been a new creation that many companies want to get their hands on. Since the creation of Bitcoin in 2009, cryptocurrency has attracted a large following as well as large investments. Recently, Facebook has made their way into the cryptocurrency world with what they call Libra. Libra proposes quick, safe, and easy global transactions on their own blockchain, although regulators have been quick to jump in and voice concerns.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Deepfakes are fabricated clips using artificial intelligence software that can appear to make a person or image speak or do things that had never happened. Deepfake technology normally uses a large quantity of images set, creating a realistic depiction. A Samsung artificial intelligence lab in Russia was able to develop new software that is able to generate a video by inputting a singular image or photo, such as a painting. New facial
recognition software and deepfake technology can be used to provide a seemingly
endless amount of entertainment but also may pose a threat to public safety.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Blockchain technology has the ability to transform the way we conduct transactions in almost every industry. This decentralized and digitized ledger allows anyone to own digital goods, assets, and data. At the most basic level, blockchain is a growing list of records, called blocks. The database is shared across a network of computers and once a record has been added to the chain, it is very difficult to change.  Each block contains a cryptographic hash, which includes the time the transaction occurred, the dollar amount, and both parties’ digital signatures. Bitcoin’s ledger was blockchain’s first real-world application, getting the ball rolling on this new and innovative technology. After the first ledger was created, the technology began to spread across the global economy.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

The Initial Public Offerings of privately held unicorn tech companies with valuations over $1 billion from the last decade are going to be available to markets in 2019. Big name tech companies such as ride-hailing companies Uber and Lyft, hospitality service Airbnb, and cloud-based messaging service Slack will, or already are, trading publicly. Last April, the social media site Pinterest was welcomed to the markets. The IPO rush of tech unicorns to market has shown a battle between the listing venues, New York Stock Exchange and NASDAQ, for an important segment of the U.S. economy.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

5G describes the next-generation in technology used in wireless networking and cellular devices capabilities replacing the existing LTE mobile networks. 5G wireless networking enables a new horizon in the creation of consumer experience incorporating revolutionary new speeds in data transmission, latency reduction, and supported reliability for cloud and computing technology. It has begun to branch out throughout the United States and already plays a key role in foreign technology markets. 5G allows for a new era of consumer and manufacturer benefits, supplementing the job market through development and providing users with expanded connectivity and interactivity.

Friday, May 10, 2019

One Stop Systems (OSS)

Can OSS Make Up for the First Quarter Miss?

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

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

• 1Q19 Miss. Revenue of $10.1 million was below management’s expectation and our $12.3 million estimate. A push out of two contracts was behind the miss, although this was partially offset by about $1 million of revenue from customers that exceeded expectations. OSS reported a net loss of $0.07 per share, above our $0.04 per share loss estimate. 
• Pushed Out, Not Lost. The $3.2 million of revenue that slipped from 1Q is expected to be all captured by the end of this month. If we add the slipped reven… 

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*Analyst
certification and important disclosures included in 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. 

How are businesses using blockchain?

(Note: companies that could be impacted by the content of
this article are listed at the base of the story (desktop version). This
article uses third-party references to provide a bullish, bearish and balanced
point of view; sources listed in the “Balanced” section) 

Businesses are finding that blockchain, the technology behind Bitcoin and other cryptocurrencies, has far wider and more useful applications than creating speculative digital currency markets. Blockchain is essentially a record-keeping system, however, it is unique in that it uses a distributed ledger system making it more tamper-proof than other databases and free from centralized control. While the early iterations of this technology have been overshadowed by cryptocurrency, businesses are now seeing blockchain’s true potential as a tool to solve complex problems and streamline complex processes. Could blockchain lead the next technological revolution or is it all just hot air?