FY2016 EPS Estimates for Sysorex Global Holding Corp. Decreased by Analyst (SYRX)
Sysorex Global Holding Corp. (NASDAQ:SYRX) – Equities researchers at B. Riley decreased their FY2016 earnings estimates for Sysorex Global Holding Corp. in a research report issued to clients and investors on Tuesday. B. Riley analyst J. Nichols now expects that the firm will post earnings per share of ($0.51) for the year, down from their previous estimate of ($0.27). B. Riley currently has a “Buy” rating and a $2.50 target price on the stock. B. Riley also issued estimates for Sysorex Global Holding Corp.’s Q4 2016 earnings at ($0.12) EPS and FY2017 earnings at ($0.16) EPS.
Shares of Sysorex Global Holding Corp. (NASDAQ:SYRX) opened at 0.1805 on Friday. Sysorex Global Holding Corp. has a 52 week low of $0.16 and a 52 week high of $0.88. The firm’s market capitalization is $4.87 million. The stock has a 50 day moving average price of $0.23 and a 200-day moving average price of $0.40.
Sysorex Global Holding Corp. (NASDAQ:SYRX) last issued its quarterly earnings data on Monday, November 14th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.02. Sysorex Global Holding Corp. had a negative net margin of 29.10% and a negative return on equity of 73.33%. The firm earned $11.20 million during the quarter, compared to analyst estimates of $17.42 million.
Sysorex Global Holding Corp. Company Profile
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.
Receive News & Stock Ratings for Sysorex Global Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysorex Global Holding Corp. and related stocks with our FREE daily email newsletter.