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Article: Merriman Curhan Ford Initiates Coverage of WPCS International.
- Article from:
- Business Wire
- Article date:
- August 24, 2009
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SAN FRANCISCO -- Merriman Curhan Ford (NASDAQ: MERR) initiated equity research coverage today of WPCS International Incorporated (NASDAQ: WPCS) ($3.26) with a Buy rating.
Equity research analyst Alex Kurtz highlighted these themes in his initiation report:
* As a leading system integrator for wireless communication as well as energy infrastructure, we believe WPCS is well positioned for improving top and bottom line performance heading into CY10 as it benefits from exposure to new projects in the Government sector (50% of sales, driven by stimulus dollars), as well as Health Care (25% of sales), where a major push is developing to lower operating costs ...