July 8, 2004
SpeculatingStocks.com Stock Pick: DynTek, Inc. (DYTK)
Stock Price: $0.80 (short-term strong buy)
DynTek, Inc. is a provider of dynamic technology, management and cyber security solutions to the state and local government market. The company also provides information technology support including document management, staff augmentation, storage solutions, and complete network, server, and desktop management support.
It is clear that DynTek is beginning to focus more on their cyber security business, while leaving the underlying systems integration and business support unit in place. Year over Year, the company’s cyber security revenue increased 250%. They are continuing to pursue partnerships and acquisition targets within this space.
DYTK shares have just begun to base at the $0.80 level. They have done this several times in the past before bouncing past $1.00.
With 50 million in revenue last year, and a market cap of around $46 million, DYTK shares deserve to be valued higher.
SpeculatingStocks.com Target Price: DYTK shares could easily run as high as $1.50 in the near future.