Iteris, Inc. (ITI) | NYSE
Iteris, a traffic data management company is currently on the rise after receiving some good news lately. They're scheduled to speak at the 20th Annual Needham Growth Conference In New York On January 17, 2018 where we're hoping they're going to give us shareholders some good news on it's quarterly earnings which is due any moment. In a little more recent news, they announce a UK and Ireland Distribution Agreement with C&T Technology. This is a tremendous step for the data company to expand sales over to northern Europe.
Due to inclement weather and hurricanes, Iteris recorded $25.2M in total revenue for Q2, below expectations according to the CEO*, causing a pretty steep sell off dropping to as low as $5.30. I speculate that some major growth will occur leading up to the next conference. I am hopeful we'll see some catch up revenue and some good news and plans for 2018 from Mr Bergera.
Iteris is currently trading at $7.71 at the time of writing this article.
Great news, thank you for sharing
Thank you for reading! I think these traffic data companies are going to play a huge role in the newly emerging agile aerospace industry.
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