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Globecomm Systems Inc. (GCOM) [hlAlert]

up 2.24 %

Globecomm Systems Inc. (GCOM) rated Buy with price target $13 by Needham

Posted on: Thursday,  Sep 13, 2012  8:25 AM ET by Needham

Needham rated Buy Globecomm Systems Inc. (NASDAQ: GCOM) on 09/13/2012. Previously Needham rated Buy Globecomm Systems Inc. (NASDAQ: GCOM) on 09/07/2007.,
when the stock price was $13.79. Since then, Globecomm Systems Inc. has gained 2.25% as of 12/10/2014's recent price of $14.10.
If you would have followed the previous Needham's recommendation on GCOM, you would have gained 2.24% of your investment in 2651 days.

Globecomm Systems Inc. (Globecomm) is a provider of satellite-based communications infrastructure solutions and services. The Company?s services are provided by its wholly-owned subsidiaries, Globecomm Network Services Corp. and Globecomm Services Maryland LLC. It has two segments: infrastructure solutions segment and services segment. Infrastructure solutions segment is engaged in the design, assembly and installation of ground segment systems and networks, which includes both its pre-engineered systems, and custom systems design and integration product lines. Services segment provides satellite communication services capabilities, which include its Access, Hosted and Lifecycle Support service lines. In March 2009, the Company acquired B.V. Mach 6 (Mach 6) and in June 2009, it acquired Telaurus Communications LLC.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2012 8:25 AM Buy
11.17 13.00
as of 12/31/2012
1 Week down  -0.26 %
1 Month down  -4.88 %
3 Months up  1.34 %
1 YTD down  -17.39 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/11/2012 8:25 AM Buy
11.16 15.00
9/7/2007 9:25 AM Buy
13.79 16.00

(*) Stock Price at the time of the recommendation.
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