Is Buying GlobalSCAPE, Inc. (GSB) Here a Winning Strategy?

September 17, 2017 - By Henry Gaston

The stock of GlobalSCAPE, Inc. (NYSEMKT:GSB) is a huge mover today! The stock increased 4.77% or $0.18 on September 15, reaching $3.95. About 113,624 shares traded or 12.01% up from the average. GlobalSCAPE, Inc. (NYSEMKT:GSB) has risen 40.31% since September 17, 2016 and is uptrending. It has outperformed by 23.61% the S&P500.
The move comes after 9 months positive chart setup for the $85.21 million company. It was reported on Sep, 17 by Barchart.com. We have $4.15 PT which if reached, will make NYSEMKT:GSB worth $4.26 million more.

More notable recent GlobalSCAPE, Inc. (NYSEMKT:GSB) news were published by: Bizjournals.com which released: “Class-action lawsuit filed against Globalscape” on August 09, 2017, also Streetinsider.com with their article: “Globalscape, Inc. (GSB) Announces Internal Investigation, Financial Restatement” published on August 07, 2017, Businesswire.com published: “GlobalSCAPE, Inc. Recognized for Cloud Computing, File Transfer and Compliance …” on September 12, 2017. More interesting news about GlobalSCAPE, Inc. (NYSEMKT:GSB) were released by: Bizjournals.com and their article: “Globalscape doing internal investigation over revenue, ‘side agreements’ with …” published on August 08, 2017 as well as Businesswire.com‘s news article titled: “GlobalSCAPE, Inc. Receives Notice from NYSE Regulation Regarding Late Filing …” with publication date: September 13, 2017.

GlobalSCAPE, Inc. provides secure information exchange capabilities for enterprises and clients through the development and distribution of software, delivery of managed and hosted solutions, and provisioning of associated services. The company has market cap of $85.21 million. The Company’s primary product is Enhance File Transfer . It has a 20.02 P/E ratio. The Company’s software services and products include Managed File Transfer Solutions (MFT), Secure Content Mobility Solutions, Wide Area File Services (WAFS), Managed E-Mail Attachment Solution, Consumer-Based File Transfer Solution and professional services.

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