Bullzi Security offers a wide range of security solutions, including security education programs, consulting, security audits and assessments, secure architecture design and policy formation.
Last month, Bullzi introduced upgraded versions of its Web-based Information Security Education (WISE) series, and anticipates that the rising sale numbers will be the main catalyst driving them to further growth.
The security industry is expected to grow 10.8% annually, and is in strong demand as clients urgently need protection from hackers. The growing amount of terrorist groups and other criminals makes the necessity for multi-layered security systems even more compelling.
Beacon Eqiuty’s analyst stated, “Given the Company’s major new client wins, enhanced cross-selling opportunities and focus on high margin eLearning products, we believe Bullzi is significantly undervalued at current levels. We think these shares warrant a Price/Sales multiple at the higher end of the peer group range. As a result, we are initiating coverage of Bullzi shares with a Speculative Buy rating and a $0.75 price target, based on a five times Price/Sales multiple of 2008 revenue projections. We think the Company is gaining good sales traction in its highly profitable WISE product line and making the necessary R&D and marketing investments to ensure steady market share gains for WISE.
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