BOCA RATON, Fla., Feb. 1, 2013 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (OTC:GGHOD), an end-to-end solution provider of cloud and managed service based platforms, professional services, applications and infrastructure to the telecommunications industry, announced that Ludlow Research has issued a research opinion on the company.
Ludlow Research issued their opinion based on the company's recent filings that report a pro forma estimated $40 million plus in trailing twelve month revenues, but low market cap valuation of only around $5 million. With current customers, such as Ericsson Inc., Verizon Communications Inc., Alcatel-Lucent USA Inc., Century Link, Inc., AT&T Inc., Hotwire Communications, Ludlow Research made note that the company looks to be trading well below 1 times revenues.
Report Highlights
- Agreements with Major Telecom Providers
- $40 Million+ in Revenues
- Market Cap around $5 Million
To view the full report, and access risks, disclosers, and potential outlook visit http://www.wallstreetnewscast.com/profile/gghod.html
About Ludlow Research
Ludlow Equity Research is a New York-based equity research firm focused on providing our clients, and individual readers, with in-depth research coverage and opinions on the small-cap securities market. For over 14 years we have aimed to provide our subscribers a simple way of evaluating the current and potential value of small-cap stocks, and any risks that may affect those valuations going forward. Our goal is to provide traders with an easy way to make investment decisions based on current and future valuations. Ludlow Equity Research is a division of Ludlow Capital, Inc. www.ludlowresearch.com
About InterCloud Systems, Inc.:
InterCloud Systems, Inc. is a leading end-to-end solution provider of professional services and infrastructure to the telecommunications industry, major corporations and governmental entities. Our breadth of services enables our customers to selectively augment existing services or to outsource entire projects or operational functions. www.intercloudsys.com
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 (the "PSLRA") . Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in the Company's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission.