CloudCommerce Continues to Gain Amid Multiple Positive Triggers
Plenty of stocks had managed to record significant gains over the course of the past week, and one of the notable gainers this past Thursday was CloudCommerce (OTCPK:CLWD). On Thursday alone, the stock gained as much as 85%, and considering the sort of gains made by CloudCommerce, it could be worthwhile for investors to take a closer look at the company’s business.
There have been a range of important developments around CloudCommerce in recent days, and a deeper look into those can give a better idea of the situation to all market participants.
Provides FY2020 Outlook
Back on June 16, the company announced its projections for the financial year 2020, and it proved to be quite encouraging for several reasons. CloudCommerce announced that it expects its revenues to be in excess of $14 million, and on top of that, the net operating income to be over $1 million.
The company stated that the revenues are going to be boosted through the contracted revenues from its current clients and also through what it is going to earn through the new clients that it roped in recently. CloudCommerce revealed that 2020 is expected to be the best year in its history and is going to create far more value for the shareholders.
Drive Club Membership and Home Sales
While that was a significantly important announcement from the company, CloudCommerce backed it up with another major announcement later on in June. The company, which is well known as a provider of digital advertising solutions, announced on June 25 that Desert Mountain signed up as its latest client. CloudCommerce is going to be engaged in helping Desert Mountain boost its club memberships and also help in facilitating home sales. The company is going to go for a multi-pronged approach in this project through data analytics conducted by its proprietary artificial intelligence solution SWARM.
Once that is conducted, CloudCommerce is going to craft customized advertising that is going to be highly targeted in nature. The exact financial details of the deal signed by the company were, however, not revealed by CloudCommerce. That being said, it still represents a significant milestone for the company and will certainly boost its revenues.
The coronavirus pandemic has been one of the biggest crises in history for a number of reasons, and one of those is the way it crippled many businesses. However, CloudCommerce has managed to power through he said crisis, and that was primarily due to its strong list of clients.
CloudCommerce has not only managed to increase its revenues from its existing clients during this tough period but also managed to add new clients. These developments have made the company one of the exceptions during the pandemic, and investors could do well to keep an eye on its in the coming days.
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