New Stock Profile Cemtrex, Inc. CETX Analyst Price Target Of $12.00 Representing A Potential Of 500+% Upside

New Stock Profile Cemtrex, Inc. (CETX) Analyst Price Target Of $12.00 Representing A Potential 500+% Upside [Research Report Found Here]( February 23rd, 2020 FierceAnalyst Member, Good morning... Your new high flying stock profile (CETX) closed Friday at $1.39/share, however at 4:30PM they released huge news and now the stock is trading in aftermarket hours and hit a high of $1.89/share. Come Monday morning this stock has the potential of opening much higher because of the news below. PRESS RELEASE Cemtrex Announces 500% Increase in New Orders for Development of VR and AR Applications in Quarter-to-Date Published: Feb 21, 2020 4:30 p.m. ET    Brooklyn, NY, Feb 21, 2020 (GLOBE NEWSWIRE via COMTEX) -- Brooklyn, NY, Feb. 21, 2020 (GLOBE NEWSWIRE) -- - Cemtrex CETX, -4.14% CETXP, +7.14% CETXW, +0.00% announced today that it has received over $300,000 in new orders for the development of virtual reality (VR) and augmented reality (AR) applications, representing a 500% increase in the current quarter to date from the prior year. The orders were from 3 different customers and the Company expects to execute these orders over the next five months. The Company expects to close an additional $300,000 in new orders for virtual and augmented reality application development in the current quarter with multiple new customers based on the current sales pipeline for a total of $600,000 in FY Q2. The expected $600,000 in orders represents a 1000% percent increase in orders for VR and AR app development services compared to the same period a year ago. The Company anticipates that demand for VR and AR app development services will continue to increase in the coming quarters and will be a key source of growth for the Company. Cemtrex is a leading developer of VR and AR applications and has won awards in the industry from Clutch. The Company has unique experience as it has successfully developed many applications already in the space for leading brands like Richemont and its subsidiaries and thus is poised to capture more business in this fast-growing market. Chairman and CEO of Cemtrex, Saagar Govil, commented, "We are excited to see the rapid pace of demand taking shape in the VR and AR markets. A year ago, there was a lot of discussion taking place conceptually, but now a year later we are seeing companies put budget towards these efforts to realize these cutting-edge technologies. As the market continues to thrive, we believe we are in the right position to capitalize on that growth." Augmented and Virtual Realities are among the fastest growing business areas, which are expected to reach over $500 billion by 2025. The industries that will generate VR and AR opportunities include: industrial design, medical diagnostics, entertainment, sports, training simulations, productivity tools, social experiences, manufacturing optimization, app development, tourism, & advertising. All industries whether retail, education, social media, healthcare or manufacturing, will experience widespread disruption and innovation in their products and services by utilizing VR & AR solutions to increase their profitability in the coming decade. ================================================== Cemtrex, Inc. (CETX) is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, digital technology solutions, industrial solutions, and intelligent security systems. Cemtrex, Inc primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises.  This segment also offers design and development solutions to create impactful experiences for mobiles, Web, virtual and augmented reality, wearables, and televisions; and security and video surveillance systems, as well as develops various applications for virtual and augmented reality markets. The Electronics Manufacturing segment provides end to end electronic manufacturing services, including product design and sustaining engineering, printed circuit board assembly and production, cabling and wire harnessing, systems integration, and comprehensive testing services; and assembled electronic products to OEMs. This segment also designs, develops, manufactures, and sells interconnects and cable assemblies; and provides software development services for mobile, Web, virtual reality, and PC applications. The Industrial Technology segment offers single-source services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly; and sells a range of air filtration and environmental control products to various industries, such as chemical, cement, steel, food, construction, mining, and petrochemical. Cemtrex, Inc operates in the United States and internationally. The company was formerly known as Diversified American Holding, Inc and changed its name to Cemtrex, Inc in December 2004. Cemtrex, Inc was incorporated in 1998 and is headquartered in Long Island City, New York. #1. Catalyst For Cemtrex, Inc. Is Enormous Breaking News! PRESS RELEASE Cemtrex (CETX) Reports Operating Profit & 114% Sales Increase for the First Quarter Ended December 31, 2019 Published: Feb 19, 2020 9:00 a.m. ET Cemtrex reports Q1 revenue $12.2M vs. $5.7M last year Cemtrex's Chairman and CEO, Saagar Govil, commented on the results, "We are thrilled with the tremendous progress we have made in restructuring our businesses for the future as we generated over 900K in EBITDA this quarter. We have demonstrated improvement in our gross margins which we believe will continue to strengthen as we grow our top line. Our Company is back to generating an operating profit which will provide the foundation for future growth and creating more shareholder value. First Quarter Results: - Sales: Total Revenue for the three months ended December 31, 2019 and 2018 was $12,220,083 and $5,717,589, respectively, an increase of $6,502,494, or 114%. Total revenue for the fiscal year increased, as compared to total revenue in the same period last year, due to increased sales in the Advanced Technology segment. Our Advanced Technologies segment revenues for the three months ended December 31, 2019, increased by $6,757,398 or 1,444% to $7,225,233 from $467,835 for the three months ended December 31, 2018. This increase represents mainly the Consolidation of Vicon Industries, Inc. - Gross Profit: Gross Profit for the three months ended December 31, 2019 was $5,348,486 or 44% of revenues as compared to gross profit of $2,187,586 or 38% of revenues for the three months ended December 31, 2018. Gross profit increased in the three months ended December 31, 2019, compared to the three months ended December 31, 2018 due shift to by management in the last fiscal year to focus on products and services with higher gross margins. - Operating Income: The Company had an operating income of $118,943 or 1% of revenues, for the three-month period ended December 31, 2019 as compared to an operating loss of $1,526,492 or 26.7% of revenues, for the three months ended December 31, 2018. Operating Income increased $1,645,435, or 108% in the first quarter as compared to the same period last year, as a result of the reduction of general and administrative expenses in proportion to Revenues. - Comprehensive Income / Loss: The Company had a comprehensive loss of $829,218 or 6.8% of revenues, for the three-month period ended December 31, 2019 as compared to a comprehensive loss of $3,991,630 or 70% of revenues, for the three months ended December 31, 2018, a decrease of 79%. Comprehensive loss decreased in the first quarter as compared to comprehensive loss in the same period last year, as a result of the reduction of general and administrative expenses. Cemtrex's Chairman and CEO, Saagar Govil, commented on the results, "We are thrilled with the tremendous progress we have made in restructuring our businesses for the future as we generated over 900K in EBITDA this quarter. We have demonstrated improvement in our gross margins which we believe will continue to strengthen as we grow our top line. Our Company is back to generating an operating profit which will provide the foundation for future growth and creating more shareholder value." "We continue to receive new orders across all our business segments and are bullish on our security, software development, and IoT businesses going forward. We believe our Company is well positioned in several high growth, exciting markets that will lead to gross and net margin expansion over the next couple years. We will continue to balance our desire for growing our operating cash flow with making investments in our businesses that will create long-term value. Furthermore, we are always on the lookout for synergistic and opportunistic acquisitions that can help drive value over the long term." Cemtrex reports Q1 revenue $12.2M vs. $5.7M last year Cemtrex's Chairman and CEO, Saagar Govil, commented on the results, "We are thrilled with the tremendous progress we have made in restructuring our businesses for the future as we generated over 900K in EBITDA this quarter. We have demonstrated improvement in our gross margins which we believe will continue to strengthen as we grow our top line. Our Company is back to generating an operating profit which will provide the foundation for future growth and creating more shareholder value. We continue to receive new orders across all our business segments and are bullish on our security, software development, and IoT businesses going forward. We believe our Company is well positioned in several high growth, exciting markets that will lead to gross and net margin expansion over the next couple years. We will continue to balance our desire for growing our operating cash flow with making investments in our businesses that will create long-term value. Furthermore, we are always on the lookout for synergistic and opportunistic acquisitions that can help drive value over the long term." #2. Catalyst For Cemtrex, Inc. (CETX) Short Interest Decreases Cemtrex saw a decrease in short interest in January. As of January 31st, there was short interest totalling 49,700 shares, a decrease of 43.7% from the January 15th total of 88,200 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is presently 0.0 days. #3. Catalyst For Cemtrex, Inc. Is Institutional Buying CETX stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC and Wedbush Securities Inc. Conclusion For Cemtrex, Inc. Positioning Itself For Potential Growth The SmartDesk is the embodiment of this mission: it is the evolution of the modern workspace, designed to give us more control over what really matters while removing the clutter and distractions that disrupt our workflows. 2004: Cemtrex established as industrial technology firm in Farmingdale, NY. 2007: Cemtrex listed on OTCBB.2012: Cemtrex recognized as a Fast 500 Company by Deloitte.2013: Cemtrex Acquires ROB Group, a prominent electronics manufacturing company in Europe. 2014: Cemtrex expands production capabilities in Sibiu, Romania to meet increased production requirements across Europe. 2015: Cemtrex Uplists to Nasdaq Capital Markets Exchange with New Symbol CETX. Cemtrex recognized as a Fast 500 Technology Company by Deloitte for the 2nd time. Cemtrex expands through acquisition of Advanced Industrial Services (AIS), based in York, PA. 2016: Cemtrex recognized by a Fast 500 Technology Company by Deloitte for a 3rd Time. Acquired Periscope GmbH, growing Cemtrex's electronics manufacturing footprint in Europe. 2017: Cemtrex recognized by a Fast 500 Technology Company by Deloitte for a 4th Time. Named to Crain’s New York Business Fast 50 Companies. Opened Cemtrex's Advanced Technology subsidiary, expanding into Smart Technologies. 2018: Cemtrex expands into virtual and augmented reality sectors with CemtrexVR. Cemtrex acquires stake in security & video surveillance technology company, Vicon Industries. Cemtrex launches the Cemtrex SmartDesk to massive reception. CETX has the potential that every emerging growth company strives for. I urge you to do your research. Sincerely, Fierce Analyst | Jaks Swift Editorial Writer I am not a licensed financial adviser. All potential percentage gains are based on from the low to the high of day. Fierce full disclosure is to be read and fully understood before using Fierce's website, or joining Fierce's email or text list. By viewing Fierce's website and/or reading Fierce's email or text newsletter you are agreeing to -> Stock Wire News (stock wire news . com) is owned by Stock News Wire LLC, a limited liability company. A member of Stock News Wire, LLC owns an interest in the limited liability company that owns and operates small cap firm . com ("SCF") and an interest in the limited liability company that owns and operates fierce investor . com ("FI"). From time to time, non-affiliated third parties hire Stock Wire News, SCF and/or FI jointly to publicly disseminate information about a company via website, email, SMS and other points of media. No compensation for cetx publication. 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