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Falconstor Software, Inc. (FALC) [hlAlert]

down 49.08 %

Falconstor Software, Inc. (FALC) rated Buy with price target $3.75 by Noble Financial

Posted on: Wednesday,  Dec 10, 2008  11:25 AM ET by Noble Financial

Noble Financial rated Buy Falconstor Software, Inc. (NASDAQ: FALC) on 12/10/2008, when the stock price was $3.28. Since
then, Falconstor Software, Inc. has lost 49.09% as of 01/21/2016's recent price of $1.67.
If you would have followed this Noble Financial's recommendation on FALC, you would have lost 49.08% of your investment in 2598 days.

FalconStor Software, Inc. (FalconStor) is a provider of disk-based data protection solutions. The Company delivers data protection solutions that facilitate the availability of business-critical data. The Company?s TOTALLY Open data protection solutions, built upon the IPStor virtualization platform, include the virtual tape library (VTL) with data deduplication for backup optimization, continuous data protector (CDP), network storage server (NSS) for storage virtualization and provisioning, and the File interface deduplication system (FDS) for capacity optimized storage solutions. During the year ended December 31, 2008, FalconStor had two customers EMC Corporation and Sun Microsystems, which accounted for 20% and 13%, respectively, of its total revenues. On July 1, 2008, the Company acquired certain assets of World Venture Limited (World Venture), a network storage software business based in Hong Kong.

A clear and concise focus. Identifying the emerging small or micro cap company. Recognizing the entrepreneurial character and organizational commitment of its executives and employees. Observing unstoppable drive to exploit opportunities while tackling obstacles. Understanding the company's essential products, services and technologies. Following only those who deserve our attention.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2008 11:25 AM Buy
3.28 3.75
as of 12/24/2008
1 Week up  13.14 %
1 Month up  26.97 %
3 Months   
1 YTD up  26.97 %

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