Proginet was recently awarded a “Strong Buy” rating from Dutton Associates. The company is a highly respected provider of security software for business enterprises, and has accelerated its growth in revenue and profitability.
The rating was given for several reasons. First, the last two years in “Business to Business” activity on the internet has created strong security, and gives the company a great position to capitalize on the growing industry.
Second, a new product is expected to be launched this year which could make a huge contribution in 2008 revenues. The software uniquely addresses several business problems related to E-mails and attachments.
Third, the strategic alliances with Value Added Resellers and System Integrators broaden the company’s marketing reach on a global basis for its existing and new products to come.
Finally, there is plenty of growth for share prices to grow as Proginet shares are currently selling below standard industry valuation metrics. The strong prospects for growth and the industry metrics gives Dutton Associates strong reasons to believe that the shares are deeply undervalued and poised for advancement.
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