Security Business To Drive Cynergistek (CTEK) In Q4 Earnings
Zacks Investment Research | Mar 25, 2019 08:31AM ET
Cynergistek, Inc. (NYSE:CTEK) is slated to release fourth-quarter 2018 results on Mar 27, after the bell. The company posted a positive earnings surprise of 64.3% in the last reported quarter.
Q4 Expectations
Cynergistek is expected to witness consistent strength in security related services. An increasing number of clients are adding multiple services like professional services, incident response and biomedical device security assessments to their cap program. A broad portfolio of healthcare differentiated security offerings is helping the company to increase market penetration.
Cynergistek is seeing high demand for professional service offerings, mainly in strategic projects. Also, its core managed service offerings are growing strongly.
As a result, Cynergistek’s revenues in the to-be-reported quarter are expected to be driven by strength in security-related managed services and security-related consulting and professional services.
The stock has rallied 27.7% in the past six months, against the 4.5% decline of the Zacks Investment Research
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