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Cemtrex Inc. - CETX STOCK NEWS

Welcome to our dedicated news page for Cemtrex (Ticker: CETX), a resource for investors and traders seeking the latest updates and insights on Cemtrex.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cemtrex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cemtrex's position in the market.

News
Cemtrex’s Vicon Industries to Attend ISC West 2024
Rhea-AI Summary
Cemtrex Inc. (CETX) subsidiary Vicon Industries to showcase Anavio, an AI-powered unified cloud solution with face authentication and person tracking at ISC West 2024. The platform offers remote monitoring, face authentication, anti-spoofing technology, person of interest tracking, and emergency response capabilities. Vicon also introduces enhancements to its on-prem solution, Valerus VMS, and a new Roughneck® 4K PTZ camera.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
conferences
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News
Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX) announces $2.1 million in new orders for its Advanced Industrial Services subsidiary, showcasing strong market position and growth prospects. Orders include projects for leading companies in printing, graphics, engineering, and construction, highlighting AIS's diverse service offerings. The company anticipates a record revenue year in 2024 with potential 30% annual growth. CEO Saagar Govil emphasizes AIS's expertise in plant services and equipment relocation, positioning the company for continued success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.75%
Tags
none
-
News
Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX) announces the upcoming beta release of its AI gun detection feature in the second quarter of 2024, a groundbreaking technology aimed at enhancing public safety by detecting armed persons in surveillance footage. The edge-based solution offers a cost-effective and efficient method to initiate specific responses upon detection, with full commercialization planned for the second half of 2024. The technology promises real-time alerts, rapid response, and significant advancements in security measures, addressing the pressing issue of gun violence in the United States. Vicon's innovative approach is set to revolutionize the market, providing organizations with the tools needed to enhance security protocols and prevent violent incidents proactively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
34.29%
Tags
AI
News
Cemtrex Issues Shareholder Letter and Provides Corporate Update
Rhea-AI Summary
Cemtrex Inc. completes restructuring in 2023, positioning AIS and Vicon segments for continued revenue growth and expanded profitability. The Chairman and CEO, Saagar Govil, issues a letter to shareholders outlining the company's progress and future plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.68%
Tags
none
-
News
Cemtrex Reports First Quarter 2024 Financial Results
Rhea-AI Summary
Cemtrex Inc. (CETX) reports a 41% increase in Q1’24 revenue to $16.9 million, with the Security segment up 31% and Industrial Services up 55%. Operating loss improved to $0.7 million. Vicon received a $0.8 million order and launched Anavio cloud security platform. AIS secured $3.8 million in new orders. Cash position was $4.0 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.23%
Tags
earnings
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News
Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) to Discuss First Quarter Results in Conference Call on February 12, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.06%
Tags
conferences earnings
News
Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) has received a $0.8 million second phase order to develop security technology for a New Jersey School District project. The order includes new solutions such as Valerus video management software and Roughneck cameras and servers. The project is expected to be fulfilled in the first and second quarters of calendar 2024. The demand for physical security equipment is on the rise, with Vicon's Security segment experiencing a 46% increase in revenues in FY'23, reaching $34.7 million. The market for physical security equipment is expected to reach $57.0 billion in 2024, with video surveillance growing at a CAGR of 8.2% to $33.0 billion. Vicon's expertise in security products and services positions them to potentially grow 15-20% on average over the next few years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.68%
Tags
none
-
News
Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects
Rhea-AI Summary
Cemtrex Inc. (CETX) has announced receiving $3.8 million in new orders through its Advanced Industrial Services subsidiary. This includes a $2.2 million order for a geothermal system update for a Northeastern School District and a $1.6 million order for the fabrication of a key component for a motion control technologies company. The company's Advanced Industrial Services segment saw an 18% increase in revenues in FY'23, reaching $25.0 million. The escalating need for industrial services is being driven by the growing market towards $45.3 billion in 2028, with potential for 32% revenue growth in FY'24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.81%
Tags
none
-
News
Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time 
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) has scheduled a special meeting of stockholders of the Series 1 Preferred Stock to vote on amending the Company's Certificate of Designations, Preferences and Rights of Series 1 Preferred Stock to effect a reverse stock split and increase the liquidation value and voting rights. The Special Meeting was adjourned due to insufficient votes, with only 41.21% of eligible shareholders participating. The meeting will reconvene on Friday December 29, 2023, at 12:00 pm Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
Tags
none
News
Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) reported a 46% increase in Q4’23 revenue to $16.9M with 3rd consecutive quarter of positive operating income of $0.2M. Fiscal Full Year 2023 revenue increased 33% to $59.7M. Gross margin was up 680 basis points to 44% in FY’23. Cemtrex expects to file its Form 10-K with the SEC after the market close on Wednesday, December 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.95%
Tags
earnings
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Cemtrex Inc.

Nasdaq:CETX

CETX Rankings

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CETX Stock Data

3.53M
986.68k
6.4%
1.96%
2.86%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Brooklyn

About CETX

cemtrex, inc. (nasdaq:cetx) is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.