Welcome to our dedicated page for Cemtrex news (Ticker: $CETXP), a resource for investors and traders seeking the latest updates and insights on Cemtrex stock.
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.
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
-
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
-
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
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
-
News
Rhea-AI Summary
Vicon Industries, a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), and Omnilert have announced the integration of Valerus VMS with Omnilert's AI visual gun detection system. This integration allows Valerus users to instantly trigger an alarm when a firearm is detected in live video feeds, enabling a series of pre-planned responses to be initiated. The Omnilert Gun Detect AI software leverages Vicon cameras to create an early gun detection solution, providing advance warning and potentially saving lives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.74%
Tags
-
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) to Discuss Q4 and Full Fiscal Year Results in Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
Rhea-AI Summary
Cemtrex Inc. launches new cloud security platform, Anavio, designed for schools to deliver safer campuses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.51%
Tags
-
Rhea-AI Summary
Cemtrex Inc. receives a $1.0 million order for a project through its subsidiary, Advanced Industrial Services, following the acquisition of Heisey Mechanical. The contract extends into 2024 and includes various improvements. AIS plans to utilize internal employees for more portions of the project. The acquisition enables AIS to expand into new markets and increase revenue growth in the water treatment industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.63%
Tags
-
Rhea-AI Summary
Cemtrex to participate in LD Micro Main Event XVI Conference on October 3-4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.1%
Tags
Rhea-AI Summary
Cemtrex Inc. receives $1.5 million order for security technology upgrade in a correctional facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
Cemtrex, Inc.
Nasdaq:CETXP
CETXP Rankings
CETXP Stock Data
1.92M
986.68k
5.93%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
United States of America
Brooklyn
About CETXP
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.