Genasys Inc. (GNSS - Free Report) inked a deal with Word Systems Operations to acquire Evertel Technologies, a well-recognized cross-agency collaboration platform for public safety. The deal is valued at $5.8 million, comprising about 75 percent stock and 25 percent cash.
Based in Las Vegas, NV, Evertel is a communication platform provider for law enforcement agencies and first responders. The company’s intuitive platform allows public safety agencies across several states to collaborate more effectively and protect their communities.
Acquisition Rationale
The latest buyout is in sync with Genasys’ policy of acquiring companies to strengthen its operations and expand market share. The addition of Evertel’s mission-critical communication solution to the Genasys Protect platform will offer a more powerful and efficient communication platform for public safety agencies.
It will also enable Genasys to provide more real-time data and insights to public safety agencies, which will help them make effective and prompt decisions in cases of natural and man-made disasters.
The cash consideration is likely to be funded through Genasys’ cash on hand. GNSS expects the transaction to be closed in the first week of October.
Zacks Rank & Price Performance
Genasys, with a $99.3-million market capitalization, currently carries a Zacks Rank #4 (Sell). The company has been grappling with rising operating costs and expenses. However, it is poised to benefit from its solid software bookings, innovation efforts and strategic growth investments.
The company’s shares have gained 3.9% compared with the industry’s growth of 8.6% in the past three months.
Stocks to Consider
Here we have highlighted three better-ranked stocks from the same space.
Abercrombie & Fitch (ANF - Free Report) , a specialty retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ANF has a trailing four-quarter earnings surprise of 724.8%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 10.4% from the year-ago reported figure.
American Eagle Outfitters (AEO - Free Report) , a retailer of casual apparel, accessories and footwear, presently flaunts a Zacks Rank #1. AEO delivered an average earnings surprise of 43.2% in the last four quarters.
The Zacks Consensus Estimate for American Eagle Outfitters’ current financial-year sales indicates an increase of 1.3% from the year-ago reported figure.
Alto Ingredients (ALTO - Free Report) , a producer of specialty alcohols and essential ingredients, currently carries a Zacks Rank #2 (Buy). ALTO has an earnings surprise of 242.9% in the last reported quarter.
The Zacks Consensus Estimate for ALTO’s current financial-year earnings suggests growth of 125% from the year-ago period’s reported figure.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Genasys Inc. (GNSS - Free Report) inked a deal with Word Systems Operations to acquire Evertel Technologies, a well-recognized cross-agency collaboration platform for public safety. The deal is valued at $5.8 million, comprising about 75 percent stock and 25 percent cash.
Based in Las Vegas, NV, Evertel is a communication platform provider for law enforcement agencies and first responders. The company’s intuitive platform allows public safety agencies across several states to collaborate more effectively and protect their communities.
Acquisition Rationale
The latest buyout is in sync with Genasys’ policy of acquiring companies to strengthen its operations and expand market share. The addition of Evertel’s mission-critical communication solution to the Genasys Protect platform will offer a more powerful and efficient communication platform for public safety agencies.
It will also enable Genasys to provide more real-time data and insights to public safety agencies, which will help them make effective and prompt decisions in cases of natural and man-made disasters.
The cash consideration is likely to be funded through Genasys’ cash on hand. GNSS expects the transaction to be closed in the first week of October.
Zacks Rank & Price Performance
Genasys, with a $99.3-million market capitalization, currently carries a Zacks Rank #4 (Sell). The company has been grappling with rising operating costs and expenses. However, it is poised to benefit from its solid software bookings, innovation efforts and strategic growth investments.
The company’s shares have gained 3.9% compared with the industry’s growth of 8.6% in the past three months.
Stocks to Consider
Here we have highlighted three better-ranked stocks from the same space.
Abercrombie & Fitch (ANF - Free Report) , a specialty retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ANF has a trailing four-quarter earnings surprise of 724.8%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 10.4% from the year-ago reported figure.
American Eagle Outfitters (AEO - Free Report) , a retailer of casual apparel, accessories and footwear, presently flaunts a Zacks Rank #1. AEO delivered an average earnings surprise of 43.2% in the last four quarters.
The Zacks Consensus Estimate for American Eagle Outfitters’ current financial-year sales indicates an increase of 1.3% from the year-ago reported figure.
Alto Ingredients (ALTO - Free Report) , a producer of specialty alcohols and essential ingredients, currently carries a Zacks Rank #2 (Buy). ALTO has an earnings surprise of 242.9% in the last reported quarter.
The Zacks Consensus Estimate for ALTO’s current financial-year earnings suggests growth of 125% from the year-ago period’s reported figure.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ANF - FREE
Get the latest research report on AEO - FREE
Get the latest research report on GNSS - FREE
Get the latest research report on ALTO - FREE