October 25, 2007
SpeculatingStocks.com Stock Pick: GlobalScape, Inc. (GSB)
Stock Price: $6.48 (long-term)
GlobalScape, Inc. develops and distributes file management software for individuals and business users to send data over the Internet, and wide-area file system collaboration and continuous data protection products. The company offers file transfer protocol (FTP) client programs, including CuteFTP, which permits corporate information technology professionals and individual Web site operators to request a file from or send a file to an FTP server or host computer.
In mid August, GSB reported quarterly revenue of $6.41 million and net income of $2.11 million, a gain of 162% and 323% respectively over the same quarter last year. The company's secure file transfer and file sharing businesses are experiencing dramatic growth.
GSB has begun to be recognized for this dramatic growth. Volume has been significantly higher during October than past months. We believe GSB can continue to be a huge play from quarter to quarter.
GSB has a float of only 4.44 million with heavy insider ownership control. GSB has an amazing chart and is receiving more attention than ever.