{"id":35969,"date":"2015-05-12T07:03:20","date_gmt":"2015-05-12T11:03:20","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=35969"},"modified":"2015-05-12T07:03:20","modified_gmt":"2015-05-12T11:03:20","slug":"intercloud-systems-inc-nasdaqicld-reports-growth-in-backlog-business-and-announces-a-new-product","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/intercloud-systems-inc-nasdaqicld-reports-growth-in-backlog-business-and-announces-a-new-product-35969","title":{"rendered":"InterCloud Systems Inc (NASDAQ:ICLD) Reports Growth in Backlog Business and Announces a New Product"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>InterCloud Systems Inc (NASDAQ:ICLD)<\/strong> has been reporting quite a lot of success in terms of acquiring contracts in this quarter. The company announced that its business backlog is at a high of more than $36 million. The growth has resulted in increased confidence from investors like 31 Group LLC. The group now owns 9.751% of the shares in InterCloud. To further make things interesting, the company also launched its new NFVGrid platform.<\/p>\n<p style=\"text-align: justify;\">ICLD has been registering a constant increase in the market, with a number of funds showing special interest in the company. The newly launched NFVGrid makes use of Open APIs to ensure that the platform is compatible with a range of different Oss. Additionally, the APIs are also compatible with other products from the company. InterCloud CEO, Mark Munro, remarked that the NFVGrid is a breakthrough for his company. He also pointed out to the Infonetics forecast that the NFV and SDN market would reach $11 billion by 2018. He stated that his company is positioned to make the most of that situation.<\/p>\n<p style=\"text-align: justify;\">Recently, 5 funds newly opened positions in InterCloud, with 3 more increasing the size of their holdings. It seems as though the funds see potential in the company&#8217;s products that analysts fail to see. Analysts state that InterCloud has poor profit margins, a weak operating cash flow and a disappointing stock performance.<\/p>\n<p style=\"text-align: justify;\">However, it seems that the analysts are not looking at the bigger picture here, the company, in the last 12-months has reported a huge increase in terms of its backlog business. Most of this business is comprised of fortune-100 companies and large enterprises that highly depend on InterCloud services. The historic stock performance just might be up for a big change in the near future.<\/p>\n<p style=\"text-align: justify;\">InterCloud Systems Inc (NASDAQ:ICLD) closed at $4.45, after gaining 12.37% on May 11. The company has 18.48 million shares being traded in the market with a 52-week range of $1.45-$7.89.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterCloud Systems Inc (NASDAQ:ICLD) has been reporting quite a lot of success in terms of acquiring contracts in this quarter. The company announced that its [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":35970,"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":[263],"tags":[4120,11465,4121],"stock_ticker":[],"class_list":["post-35969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-intercloud-systems-inc-nasdaqicld","tag-mark-munro","tag-nasdaqicld","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InterCloud Systems Inc (NASDAQ:ICLD) Reports Growth in Backlog Business and Announces a New Product - 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\/intercloud-systems-inc-nasdaqicld-reports-growth-in-backlog-business-and-announces-a-new-product-35969\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InterCloud Systems Inc (NASDAQ:ICLD) Reports Growth in Backlog Business and Announces a New Product - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"InterCloud Systems Inc (NASDAQ:ICLD) has been reporting quite a lot of success in terms of acquiring contracts in this quarter. 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