Sysorex Global Holding Corp. (SYRX) Posts Earnings Results, Misses Estimates By $0.02 EPS
Sysorex Global Holding Corp. (NASDAQ:SYRX) posted its quarterly earnings data on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.02. The business earned $11.20 million during the quarter, compared to analysts’ expectations of $17.42 million. Sysorex Global Holding Corp. had a negative return on equity of 59.20% and a negative net margin of 24.93%.
Sysorex Global Holding Corp. (NASDAQ:SYRX) opened at 0.17 on Wednesday. The company has a 50 day moving average of $0.25 and a 200-day moving average of $0.40. Sysorex Global Holding Corp. has a 12-month low of $0.16 and a 12-month high of $0.88. The stock’s market cap is $4.59 million.
Separately, B. Riley reissued a “buy” rating and issued a $2.50 price objective on shares of Sysorex Global Holding Corp. in a report on Monday.
About Sysorex Global Holding Corp.
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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