InterCloud Systems (ICLD) Announces Quarterly Results
InterCloud Systems (NASDAQ:ICLD) posted its quarterly earnings results on Friday. The company reported ($1.52) EPS for the quarter, Analyst Ratings Network.com reports. The company had revenue of $14.10 million for the quarter, compared to the consensus estimate of $11.20 million.
InterCloud Systems (NASDAQ:ICLD) opened at 4.771 on Friday. InterCloud Systems has a 52-week low of $2.20 and a 52-week high of $19.39. The stock’s 50-day moving average is $5.38 and its 200-day moving average is $9.91. The company’s market cap is $51.3 million. InterCloud Systems also was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 409,941 shares, a decline of 33.5% from the April 15th total of 616,622 shares. Currently, 5.2% of the shares of the stock are short sold. Based on an average daily volume of 470,337 shares, the short-interest ratio is currently 0.9 days.
InterCloud Systems, Inc, formerly Genesis Group Holdings, Inc, is a provider of specialty and end-to-end outsourced networks and infrastructure services to the wireless and wireline telecommunications industry.
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