InterCloud Continues to Grow Through Smart Acquisitions
Although the stock market had a shaky start to 2014, it appears that things are back on track. Looking ahead, investors may want to stick with the technology sector, which appears to be as strong as ever. Specifically, companies focused on cloud services are performing extremely well. One cloud-focused company that has had one of the strongest performances over the past three months is InterCloud Systems (NASDAQ:ICLD).
InterCloud Systems is a “cloud integrator,” providing end-to-end IT and next-generation network solutions to the service provider and corporate enterprise markets through cloud platforms and professional services. The company offers cloud and managed services, professional consulting services, and voice, data, and optical solutions to assist its customers in meeting their changing technology demands.
Although some companies have cloud capabilities, very few also offer professional services like InterCloud does. That is a key differentiator that allows rapid deployment of cloud services and applications globally. This differentiator is also a key reason why InterCloud Systems is poised to become a leader in the space.
Since reaching a 52-week low of $2.20 in November, InterCloud shares have rallied by more than 500 percent. This strong performance can be attributed to several reasons, including:
- Attractive valuation
- Record earnings growth