With big name clients such as Boeing, United Airlines, Tyco, and the U.S. Custom and Border Protection Agency, we are shocked to see CETX was trading at less than $2.00 a share. Low float of just 6.84M, registered a decrease of 14.27% in short interest, $13M worth in new orders for the upcoming quarter, an impressive list of Fortune 500 clients, strong Q4 Numbers, no insider selling within the last 12-months
Despite its tremendous growth potential, and the signing of huge deals like the one we saw earlier this month, CETX is still trading well off its 52-week high of $3.57.
Cemtrex, Inc. (CETX) is the manufacturer of the SmartDesk, the world’s most advanced workstation. CETX is a diversified technology company that’s driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems. www.cemtrex.com
Investment Highlights for CETX:
Shipping Flagship IoT SmartDesk in FY 2019 Highly Disruptive Product in Large Addressable Market, Proven Management Team Growing BV/S 131% 5 YR CAGR and Growing Revenues 1000% Last 5 years, recently Acquired 46% of Vicon Security Surveillance Company Multiple VR Products In NTM, existing business seeing strong long-term growth due to industrial, medical, IoT, and manufacturing sectors
CETX‘s SmartDesk is Changing the Workplace for Good, a few weeks ago, CETX announced that the Company will start shipping limited quantities of its breakthrough SmartDesk this month to select early adopting customers. These customers include, Black & Decker, United Airlines, Modco Media, and more. The Company has received demand for SmartDesks from customers in a variety of different industries and for planned uses in different applications. The Company continues to receive orders for use in financial companies, logistics companies, call centers, innovation labs, universities, engineering firms, advertising firms, software developers, and many more. Cemtrex’s SmartDesk is first product of its kind, designed to bring millions of Americans’ workplaces into the 21st Century. The SmartDesk has already garnered orders and interest from major airlines, world renowned universities, global engineering firms, banks, medical centers and other FORTUNE 500 corporations globally.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “We continue to see steady growth in our EMS segment. We have been able to rebound from a decline in sales earlier this year with these new bookings. With $50M in backlog this gives us a strong foundation for us to continue growing within this segment.”
This is a huge deal for CETX, and it should have an immediate positive impact on their bottom line of the upcoming quarter. CETX has a best in breed product in the $8 billion desktop computer market! PC sales were up year-on-year in the second quarter of 2018, the first such increase since the first quarter of 2012. Market research firms Gartner and IDC both reported growth in the market, of 1.4 and 2.7 percent, respectively. Pay attention to CETX and soon!