{"id":1256,"date":"2012-07-18T21:29:09","date_gmt":"2012-07-19T01:29:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=1256"},"modified":"2012-07-18T22:46:55","modified_gmt":"2012-07-19T02:46:55","slug":"netsol-technologies-drops-after-signing-an-agreement-with-fortune-500-company-ntwk","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/netsol-technologies-drops-after-signing-an-agreement-with-fortune-500-company-ntwk-1256","title":{"rendered":"NetSol Technologies Drops After Signing an Agreement with Fortune 500 Company (NTWK)"},"content":{"rendered":"<p>NetSol Technologies (NASDAQ: NTWK) stock dropped on the same day it announced an agreement with a Fortune 500 company to\u00a0implement its smartOCI<sup>TM<\/sup>\u00a0search engine software. The stock fell 5.3% and closed at a share price of $0.54. Just after 12 pm, the stock hit an intraday low of $0.515. Volume of the stock also fell to 311,745 shares, below its average of 505,957 shares.<\/p>\n<p>Today, July 18, 2012, NetSol announced <a href=\"http:\/\/finance.yahoo.com\/news\/netsol-technologies-e-commerce-division-120000303.html\">an agreement<\/a> between its subsidiary, Vroozi, and\u00a0a Fortune 500 communication technology company to implement Vroozi&#8217;s smartOCI<sup>TM<\/sup> search engine software. The name of the company and terms of the agreement were not disclosed for competitive reasons.<\/p>\n<p>Despite today\u2019s drop, NetSol Technologies has a total gain of 30% since the start of 2012. The stock staged a huge rally by February 10, 2012, when the share price of the stock peaked at $0.84. The next highest share price was $0.60 on May 7, 2012.<\/p>\n<p>NetSol has been promoted by a number of newsletters. There are 50 results found on stockpromoters.com regarding the promotion of NetSol, which may include duplicate entries. According to <a href=\"https:\/\/twitter.com\/pennystock24\/status\/225636121059663874\">@pennystock24<\/a> on Twitter, Penny Stock Pushing promoted NetSol\u00a0today.<\/p>\n<p>Recent headlines for NetSol also include:<\/p>\n<ul>\n<li>July 12, 2012: NetSol provided preliminary <a href=\"http:\/\/finance.yahoo.com\/news\/netsol-technologies-increases-financial-guidance-120000140.html\">revenue and earnings per share<\/a> results for the fiscal year and fourth quarter ended June 30, 2012. Preliminary revenue results indicate the company&#8217;s strongest year ever, with consecutive sequential quarterly growth throughout, and the highest quarterly revenue in the company&#8217;s history.<\/li>\n<li>June 27, 2012: NetSol unveiled the name of its newest customer for a previously disclosed contract with a <a href=\"http:\/\/finance.yahoo.com\/news\/netsol-technologies-names-santander-consumer-120000786.html\">leading global consumer<\/a> finance entity for the company&#8217;s entire NetSol Financial Suite solution. The contract was established with Santander Consumer Finance S.A. and its joint venture partner Anhui Jianghuai Automobile to support their business activities in China.<\/li>\n<li>June 12, 2012: NetSol announced it has signed a contract with a leading global bank valued at <a href=\"http:\/\/finance.yahoo.com\/news\/netsol-technologies-signs-5-million-120000092.html\">approximately $5 million<\/a>, whereby the company will implement its entire NetSol Financial Suite solution, including the Wholesale and Retail platform.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.reuters.com\/finance\/stocks\/companyProfile?rpc=66&amp;symbol=NTWK.O\">NetSol Technologies<\/a> designs, develops, markets and exports software products to customers in the automobile finance and leasing, banking, healthcare and financial services industries worldwide.<\/p>\n<p>The company also provides system integration, consulting, IT products and services.<\/p>\n<p>NetSol maintains services, product and sales offices in Australia, China, Thailand, the Kingdom of Saudi Arabia and Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NetSol Technologies (NASDAQ: NTWK) stock dropped on the same day it announced an agreement with a Fortune 500 company to\u00a0implement its smartOCITM\u00a0search engine software. The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4],"tags":[219],"stock_ticker":[],"class_list":["post-1256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nasdaq-high-profiles","tag-ntwk","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NetSol Technologies Drops After Signing an Agreement with Fortune 500 Company (NTWK) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/netsol-technologies-drops-after-signing-an-agreement-with-fortune-500-company-ntwk-1256\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NetSol Technologies Drops After Signing an Agreement with Fortune 500 Company (NTWK) - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"NetSol Technologies (NASDAQ: NTWK) stock dropped on the same day it announced an agreement with a Fortune 500 company to\u00a0implement its smartOCITM\u00a0search engine software. 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