Top 10 Security Stocks for April
MSGI Security Solutions
This encryption technology provider reported revenues of $77,895 for the 4Q 2006 as compared to revenues of $10,000 for the same period in the year prior.
MDI reported its Unified Access Control and Alarm Management Platform has been chosen by the U.S. Army to secure and protect government assets at 16 new building sites.
Technical Communications Corp
TCCO reported for the six months ended March 31, 2007, net income was $170,000, per share, on revenue of $2,050,000, as compared to a net loss of $263,000 for the same period in FY06.
Communications confidentiality product manufacturer reports expected sales revenues for the 3Q ended March 31, 2007 to exceed $4.4 million, an increase of over 300% versus year prior.
This software security provider reported selection to supply up to 3.8 million Indian IT students with its eToken authentication solution.
AXSYS Technologies Inc
Axsys announced aquisition of Cineflex Camera Systems. Also reported 1Q: sales increase of 11% to $41.5 million, operating income grew 33% to $5.0 million, and net income grew to $3 million.
Network-1 Security Solutions
NSSI announced that it completed a $5 million private placement.
VASCO Data Security
Vasco shares surged about $5 a share on the announcement of 1Q 2007 results. Revenues increased 93% over Q1 2006.
Document Security Systems
DMC said it has expanded its agreement with Indonesian-based P.T. Sekur Grafika to market its products throughout Malaysia, Singapore, and Indonesia.
ZIX announced the Screen Actors Guild - Producers Pension and Health Plans has signed a three-year contract for the Company's e-mail encryption service.
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