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DecisionPoint's (DPSI) Focus on Acquisitions to Drive Growth
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DecisionPoint Systems (DPSI - Free Report) has been focusing on acquisitions to drive growth. The company recently acquired Macro Integration Services for undisclosed financial terms.
Headquartered in Greensboro, NC, Macro Integration Services is a privately held company that provides hardware, software and project services solutions mainly to companies in the retail sector. It also serves scales grocery, quick-service restaurants or QSR and convenience stores verticals.
The addition of new services and capabilities like digital signage and video systems is likely to boost DecisionPoint’s margin performance. The recent acquisition will strengthen the company’s footprint in the broader retail industry by expanding its reach across traditional retail and hospitality verticals along with the food-service sector.
Moreover, this will help DPSI to amplify its regional presence by bringing the south-eastern region of the United States under its fold. It will also have ample opportunities for cross selling as well as a warehousing facility in the East Coast.
Prior to that, the company concluded two buyouts — Advanced Mobile Group and Boston Technologies — in 2022 to boost its position in the lucrative transportation and direct-store delivery verticals.
Advanced Mobile Group offers hardware, software, integration, and wireless networking solutions across various sectors like warehousing, distribution, manufacturing, retailing and healthcare. It has a 600-strong customer base.
In December 2020, DecisionPoint acquired ExtenData to improve customer experience and broaden its expertise in manufacturing, hospitality, transportation and logistics. This improved DPSI’s regional presence across the Rocky Mountain and southwest region of the United States and expanded its professional services team.
The company recently reported fourth-quarter 2022 earnings of 10 cents per share which beat the Zacks Consensus Estimate of 1 cent and compared favorably with the year-ago figure of 4 cents.
Revenues increased 48.5% year over year to $24.5 million and topped the consensus mark by 39.2%. As of Dec 31, 2022, total backlog was $30.3 million.
For first-quarter 2023, management expects revenues to be between $20 million and $21 million. Adjusted EBITDA is projected in the range of $0.8-$1 million.
Currently, DecisionPoint carries a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings is pegged at $5.85 per share, rising 11% in the past 60 days. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 21.5% in the past year.
The Zacks Consensus Estimate for Cadence’s 2023 earnings is pegged at $4.97 per share, rising 10% in the past 60 days. The long-term earnings growth rate is projected to be 19.1%.
Cadence’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 10.5%. Shares of CDNS have increased 37.3% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings is pegged at $1.35 per share, rising 66.7% in the past 60 days.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of PEGA have declined 39.7% in the past year.
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DecisionPoint's (DPSI) Focus on Acquisitions to Drive Growth
DecisionPoint Systems (DPSI - Free Report) has been focusing on acquisitions to drive growth. The company recently acquired Macro Integration Services for undisclosed financial terms.
Headquartered in Greensboro, NC, Macro Integration Services is a privately held company that provides hardware, software and project services solutions mainly to companies in the retail sector. It also serves scales grocery, quick-service restaurants or QSR and convenience stores verticals.
The addition of new services and capabilities like digital signage and video systems is likely to boost DecisionPoint’s margin performance. The recent acquisition will strengthen the company’s footprint in the broader retail industry by expanding its reach across traditional retail and hospitality verticals along with the food-service sector.
DecisionPoint Systems Inc. Price and Consensus
DecisionPoint Systems Inc. price-consensus-chart | DecisionPoint Systems Inc. Quote
Moreover, this will help DPSI to amplify its regional presence by bringing the south-eastern region of the United States under its fold. It will also have ample opportunities for cross selling as well as a warehousing facility in the East Coast.
Prior to that, the company concluded two buyouts — Advanced Mobile Group and Boston Technologies — in 2022 to boost its position in the lucrative transportation and direct-store delivery verticals.
Advanced Mobile Group offers hardware, software, integration, and wireless networking solutions across various sectors like warehousing, distribution, manufacturing, retailing and healthcare. It has a 600-strong customer base.
In December 2020, DecisionPoint acquired ExtenData to improve customer experience and broaden its expertise in manufacturing, hospitality, transportation and logistics. This improved DPSI’s regional presence across the Rocky Mountain and southwest region of the United States and expanded its professional services team.
The company recently reported fourth-quarter 2022 earnings of 10 cents per share which beat the Zacks Consensus Estimate of 1 cent and compared favorably with the year-ago figure of 4 cents.
Revenues increased 48.5% year over year to $24.5 million and topped the consensus mark by 39.2%. As of Dec 31, 2022, total backlog was $30.3 million.
For first-quarter 2023, management expects revenues to be between $20 million and $21 million. Adjusted EBITDA is projected in the range of $0.8-$1 million.
Currently, DecisionPoint carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the broader technology space are Arista Networks (ANET - Free Report) , Cadence Design Systems (CDNS - Free Report) and Pegasystems (PEGA - Free Report) , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings is pegged at $5.85 per share, rising 11% in the past 60 days. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 21.5% in the past year.
The Zacks Consensus Estimate for Cadence’s 2023 earnings is pegged at $4.97 per share, rising 10% in the past 60 days. The long-term earnings growth rate is projected to be 19.1%.
Cadence’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 10.5%. Shares of CDNS have increased 37.3% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings is pegged at $1.35 per share, rising 66.7% in the past 60 days.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of PEGA have declined 39.7% in the past year.