(NAMC) – On Monday the satellite infrastructure solutions company, Globecomm Systems (NASDAQ:GCOM) was awarded a $9.9 million contract with the U.S. Army’s Communications division. But the hopes during Monday’s trading session got very high, maybe too high, when the potential contract value for Globecomm was estimated to be in the vicinity of $87 million.

Now there is no guarantee that the contract value would get that high, but the ripple hit investors, not so much institutional investors, but individual investors, which pushed the stock up far enough to close at $15.31 up $3.05 on over 1.1 million shares traded.

Of course this contract is going to help the company’s earnings but  it just looks as thought the stock may have jump up too far on this news and anticipated revenue flow. Investors should look out for a possible pullback as the true value is actually realized and the hype dissipates.

Keep in tune to the latest commentary on stocks that should be on your radar. I will be giving my views on certain specific stocks that you may want to keep an eye on or just avoid altogether. From newbies to high end companies, in this market environment I will be covering a broad range so just stay tuned.

 

Louis Victor
NAMC Newswire
www.namcnewswire.com

NAMC Newswire Note: NAMC Worldwide provides Investment Banking consulting services to both publicly traded and privately held companies, everything from capital raising to mergers and acquisitions. Other areas of focus are Private Equity Capital Raising and Private Commodity Transactions. http://www.namcworldwide.com

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