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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 02/26/2018)

Symbol: CETX
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $4.00
Time Horizon: 12 Months
Rating Established: May 23, 2017
Price When Established: $3.72
Most Recent Report: February 26, 2018
Price When Issued: $2.54

What's New

Cemtrex Announces 2Q18 Results

On May 15, 2018, Cemtrex, Inc. (NASDAQ: CETX) announced results for its second quarter ended March 31, 2018.

For 2Q18, the company reported that revenues decreased 32% to $20.6 million from $30.5 million in 2Q17. EPS was $0.04 compared to $0.04 in 2Q17.

Taglich Brothers estimates were for 2Q18 revenue of $29.9 million and EPS of $0.02.

Cemtrex Acquires Stake in Vicon Industries

On March 26, 2018, Cemtrex, Inc. (NASDAQ: CETX) announced it entered into an agreement to acquire ownership of approximately 46% of the outstanding common stock of Vicon Industries, Inc. (NYSE: VII), a provider of security and video surveillance systems. At the market close on March 23, 2018, this would equate to an investment of approximately $3.1 million.

Cemtrex to Release its First VR Game in June 2018

On March 15, 2018, Cemtrex, Inc. (NASDAQ: CETX) announced plans to release an original content virtual reality (VR) gaming experience entitled, Ultra85. This game is being developed in-house by the company’s recently formed CemtrexVR team for Steam VR and Oculus.

The company plans to release an early version of the product in June 2018.

Company Description

Headquartered in Farmingdale, NY, Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial maintenance services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling emissions.

Company Reports

Updated Research Report (Dated February 26, 2018)

Updated Research Report (Dated December 21, 2017)

Updated Research Report (Dated September 6, 2017)

Updated Research Report (Dated May 23, 2017)

Updated Research Report (Dated February 28, 2017)

Updated Research Report (Dated February 1, 2017)

Updated Research Report (Dated September 13, 2016)

Updated Research Report (Dated July 1, 2016)

Initial Research Report (Dated March 4, 2016)


Please view our current disclosure and disclaimer on our most recent research report.