BALTIMORE, MD -- September 25,
2019 -- InvestorsHub NewsWire -- via Goldman
Small Cap Research -- Goldman Small Cap Research, a stock
market research firm specializing in the small cap and microcap
sectors, announced today that it has released a new research update
on emerging cybersecurity provider LandStar, Inc.
(OTC
PINK:LDSR), highlighting recent events and
potential future share price valuations. To read this update,
listen to/view recent LandStar podcasts, reports and updates, along
with disclosures and disclaimers, or to download them in their
entirety, please visit http://www.goldmanresearch.com.
In the Goldman Small Cap Research Opportunity Research Update,
analyst Rob Goldman offers key insights into valuations for the
Company and its peer group.
Goldman noted, "This innovative, acquisitive company has a
broad, synergistic and highly rated product portfolio that is
primed to take advantage of global spending on cybersecurity
products and services which is expected to exceed $1 trillion
cumulatively over the next five years."
"The accretive Data Express acquisition is a major revenue
booster as there is tremendous synergy between the Company's
ClassiDocs, ARALOC, ArcMail and Data Express platforms. The Company
is one of the world's leading vendors for secure sensitive data
transfer for hybrid cloud. Plus, LDSR is not finished yet as the
Company is close to securing another transaction of a firm
generating $2.5M+ in annual sales and should be closed by year-end.
This entity could account for as much as one-third of 2020 revenue
and may enable LDSR to record operating profit next year."
"Our peer analysis illustrates that on a go-forward basis, each
$2M in revenue provides $14M in value to SaaS information security
companies such as LDSR. Trading at a considerable discount to its
peers, LDSR's current valuation should be substantially greater
than the present low price and will only increase as revenue grows.
We forecast a jump in top-line from $2.2M in 2019 to $6.5M in 2020
and if additional acquisitions are closed, LDSR could achieve a
year-end annual revenue run rate of $20M in 2020," concluded
Goldman.
"Conclusion:On the heels of its recent
acquisitions, contracts, and a flurry of customer
renewals, we reiterate our Speculative Buy rating. Our
adjusted price target reflects an increase of nearly 7x current
share price levels. The stock has been oversold in an
environment in which its peers are raising top-line estimates and
enjoying outsized valuations. We envision the same for LDSR."
Goldman Small Cap Research has recently published reports on
Alternet Systems, Inc. (ALYI),
Kali-Extracts, Inc. (KALY)
and Asia Broadband (AABB).
About Goldman Small Cap Research: Founded
in 2009 by former Piper Jaffray analyst and mutual fund manager Rob
Goldman, Goldman Small Cap Research produces sponsored and
non-sponsored small cap and microcap stock research reports,
articles, stock market blogs, and popular investment
newsletters.
Goldman Small Cap Research is not in any way affiliated with
Goldman Sachs & Co.
This press release contains excerpts of our most recently
published sponsored company research report on LandStar, Inc. which
carries a rating and a price target. The information used and
statements of fact made have been obtained from sources considered
reliable but we neither guarantee nor represent the completeness or
accuracy. Goldman Small Cap Research relied solely upon information
derived from LandStar, Inc. ("the Company") authorized press
releases or legal disclosures made in its filings with the U.S.
Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the
Company, we may from time to time include our own opinions about
the Company, its business, markets and opportunities. Any opinions
we may offer about the Company are solely our own, and are made in
reliance upon our rights under the First Amendment to the U.S.
Constitution, and are provided solely for the general opinionated
discussion of our readers. Our opinions should not be considered to
be complete, precise, accurate, or current investment advice.
Statements herein may contain forward-looking statements and are
subject to significant risks and uncertainties affecting
results.
A Goldman Small Cap Research report, update, newsletter,
article, trading alert, corporate profile, or press release is not
intended as an offering, recommendation, or a solicitation of an
offer to buy or sell the securities mentioned or discussed is to be
used for informational purposes only. Please read all associated
full disclosures, disclaimers, and analyst background on our
website before investing. Neither Goldman Small Cap Research nor
its parent is a registered investment adviser or broker-dealer with
FINRA or any other regulatory agency. To download this research
report or any of our research, view our disclosures and
disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research
was compensated a total of $6000 by the Company for research and
distribution services, including a podcast interview in October
2018 and February 2019. GSCR was compensated by a third party in
the amount of $1500 for this research update and press release.
About LandStar, Inc.: LandStar, Inc. (OTC
PINK:LDSR), through its wholly owned subsidiary Data443™ Risk
Mitigation, Inc., enables secure data - across local devices,
network, cloud, and databases - at rest and in flight. ClassiDocs™,
the company's award-winning data classification and governance
technology, provides GDPR compliance and DSAR management coupled
with DLP, CASB, SIEM, and cloud solutions to provide user-enabled,
governance-enabled, up-to-date security for every data point, every
time. The WordPress-based GDPR Framework enables organizations of
all sizes to comply with the GDPR and other privacy frameworks.
ClassiDocs™ for Blockchain provides an active implementation for
blockchain transactions from inadvertent disclosure and data
leaks.
For more information, please visit: www.Data443.com
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
SOURCE: Goldman Small Cap Research
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