The stock of Crossroads Systems Inc (NASDAQ:CRDS) is a huge mover today! About 393,757 shares traded hands or 782.27% up from the average. Crossroads Systems Inc (NASDAQ:CRDS) has risen 56.75% since April 14, 2016 and is uptrending. It has outperformed by 52.06% the S&P500.
The move comes after 8 months positive chart setup for the $11.14M company. It was reported on Nov, 16 by Barchart.com. We have $14.36 PT which if reached, will make NASDAQ:CRDS worth $14.70M more.
Crossroads Systems Inc (NASDAQ:CRDS) Ratings Coverage
Out of 4 analysts covering Crossroads Systems (NASDAQ:CRDS), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. Crossroads Systems has been the topic of 5 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Crossroads Systems Inc (NASDAQ:CRDS) earned “Buy” rating by Roth Capital on Wednesday, September 2. The stock has “Buy” rating given by Roth Capital on Tuesday, December 15. On Monday, September 7 the stock rating was downgraded by Zacks to “Sell”. As per Tuesday, December 15, the company rating was maintained by TH Capital. On Thursday, September 3 the stock rating was maintained by Northland Capital with “Outperform”.
According to Zacks Investment Research, “Crossroads Systems, Inc. is a provider of enterprise data center routing solutions for open system storage area networks, based on our market share of storage routers shipped. By using their storage routers to serve as the interconnect between storage area networks, or SANs, and the other devices in a computer network, organizations are able to more effectively and efficiently store, manage and ensure the integrity and availability of their data.”
More important recent Crossroads Systems Inc (NASDAQ:CRDS) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 20, 2011, also Bizjournals.com published article titled: “Crossroads Systems to complete reverse stock split”, Prnewswire.com published: “Crossroads Systems Announces Patent Litigation Update Including Results of …” on June 17, 2015. More interesting news about Crossroads Systems Inc (NASDAQ:CRDS) was released by: Quotes.Wsj.com and their article: “News Crossroads Systems Inc.CRDS” with publication date: February 12, 2011.
CRDS Company Profile
Crossroads Systems, Inc., incorporated in October 26, 1996, is a well-known provider of data storage solutions. The Firm develops technology and products that address information technology (IT) challenges, such as storing and protecting business data. The Company’s products are delivered either as software or as software embedded in an appliance. The Firm delivers solutions that enable data security and data archiving. The Company’s products include StrongBox, StrongBox VM, StrongBox DataManager, StrongBox VSeries Tape Libraries, SPHiNX, Read Verify Appliance (RVA) and FileStor HSM. The Firm also provides post-sale support and professional services.
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