Potential $3M Deal Boosts SuperCom; Bullish View On Chevron
- August 16th, 2023
- 657 views
Shares of SuperCom Ltd. (Nasdaq: SPCB) jumped over 5% in pre-market trading following the announcement of a new contract for Alcohol Monitoring technologies and services in California.
The contract, spanning an initial 3-year term, involves per-unit daily billing for alcohol monitoring services, with expected revenues reaching up to $3 million. However, actual revenue for SuperCom will be determined by real-world usage.
In pre-market, $SPCB was trading at $0.67, up $0.05 (+8.12%).
In other news, Chevron Corporation (NYSE: CVX), a major player in the energy sector, received an upgrade from Neutral to Buy by Mizuho, along with a raised price target of $209, up from $205.
With $CVX closing at $159.24 on Tuesday, the adjusted price target indicates a potential upside of $49.76 or approximately 31.24%, as per the investment banking firm's assessment.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
DOT, DoW, DHS Join Forces to Protect Southern Border Airspace
October 16th, 2026FTC Sues Ticket Broker Over Unlawful Tactics Used to Buy Millions of Tickets to Popular Live Events
October 15th, 2026October 15th, 2026FDA Approves First Treatment for Certain People With BCG-Unresponsive Bladder Cancer
October 14th, 2026U.S. Treasury Announces Record Enforcement Actions Against Bank of America
October 14th, 2026
Member Login