InterCloud Systems Inc (NASDAQ:ICLD) Shares Up By 2.82%

946

Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, InterCloud Systems Inc (NASDAQ:ICLD) rose by 2.82%. The shares opened at a price of $15.00, which touched the intraday high of $15.47 and headed to a close of $14.58. Approximately 4.20M shares were traded on Tuesday and an average volume of 0.936 million shares were traded over a 30 day period. The 52-week low of InterCloud Systems Inc (NASDAQ:ICLD) shares is $2.20 and its 52-week high is $36.00. The company has a market capitalization of $105.66 billion.

About the company

InterCloud Systems Inc (NASDAQ:ICLD) was previously formerly the Genesis Group Holdings and was formed on 24th November 1999. It is a provider of specialty & end-to-end outsourced-networks & infrastructure services to the wireless & wireline telecommunications-industry. InterCloud Systems Inc (NASDAQ:ICLD) operates via its 100%-owned subsidiaries: 1- Digital Comm Inc, 2- Tropical Communications, and 3- Rives Monteiro Engineering LLC. InterCloud Systems Inc (NASDAQ:ICLD)’s services include construction, engineering, maintenance & installation services to telecommunications providers. The company also provides underground facility –locating-services to telecommunications providers and original-equipment manufacturers (OEMs) as well as governmental entities.

On 13th September 2012, Genesis sold 60 percent of the outstanding-shares of its common stock of Digital Comm. On 29th December 2011 InterCloud Systems Inc (NASDAQ:ICLD) acquired a 49 percent -stake in Rives Monteiro Engineering LLC. On 22nd August 2011 it bought 100% stake in Tropical Communications, In 2012 September, the company acquired ADEX Corporation. On 17th September 2012, InterCloud Systems Inc (NASDAQ:ICLD) bought all the outstanding-capital stock of T N S, Inc. On 17th September 2012, it acquired all the outstanding-capital-stock of ADEX Corporation. In 2013 April, InterCloud Systems Inc (NASDAQ:ICLD) acquired the entire share capital of AW Solutions Inc.

Services

InterCloud Systems Inc (NASDAQ:ICLD)’s core -services include design, engineering, & construction, deployment and integration as well as maintenance of the complex and converging-wireless & wireline networks.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.