NETSOL TECHNOLOGIES, INC.
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Report Link: Updated Research Report (Dated 11/23/2015)
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $7.75
Time Horizon: 12 Months
Rating Established: April 26, 2012
Price When Established: $4.90
Most Recent Report: November 23, 2015
Price When Issued: $5.56
NetSol Technologies Reports 2Q16 Results
On February 11, 2015, NetSol Technologies reported results for 2Q16, ended December 31, 2015.
NWTK reported revenues of $16.2 million and net income of $875,065 or $0.08 per share. In 2Q15 the company reported revenues of $12.4 million and a net loss of $1.4 million or ($0.14) per share.
Taglich Brothers’ estimated revenues of $13.5 million and a net loss of $145,000 or ($0.01) per share.
NetSol Technologies Signs $100+ NFS Ascent Contract
On December 21, 2015, NetSol Technologies signed a contract valued at more than $100 million, which includes license, maintenance, services and expected customization, with a long-standing customer to implement NFS Ascent.
The agreement calls for NetSol’s existing customer to upgrade to the NFS Ascent platform in Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, South Korea, Taiwan, Thailand and Malaysia. The contract also includes implementation of NFS Ascent in South Africa, a new market for NetSol.
The implementation phase spans a five-year period, with maintenance and support over ten years.
NetSol Technologies, Inc., headquartered in Calabasas, CA, is a global provider of information technology and enterprise application solutions including credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for global Financial, Leasing, Insurance, Energy, and Technology markets.
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Updated Research Report (Dated February 23, 2015)
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Updated Research Report (Dated November 18, 2013)
Updated Research Report (Dated September 20, 2013)
Updated Research Report (Dated May 17, 2013)
Updated Research Report (Dated February 15, 2013)
Updated Research Report (Dated November 28, 2012)
Updated Research Report (Date September 13, 2012)
Updated Research Note (Dated August 7, 2012)
Updated Research Report (Dated May 15, 2012)
Initial Research Report (Dated April 26, 2012)
The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company with in the last three years. The company prepaid for the first three months of distribution a total of $5,250 (USD) in March 2012, and will pay beginning August 2012 a monthly monetary fee of $1,750 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports.