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Alliance Global Partners reiterated coverage of Cemtrex with a rating of Buy and set a new price target of $2.75 from $3.50 previously
Hauppauge, NY, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX), a diversified industrial and technology company, today announced it has signed non-binding letters of intent to acquire two profitable U.S.-based businesses — one in industrial robotics integration and the other in aerospace and defense systems engineering. Combined, the two companies are expected to contribute $15–18 million in annual revenue and $2.5–3 million in operating income on a go forward basis, once closed and integrated. "These potential acquisitions directly align with our long-term strategy to expand into high-value markets with strong macro tailwinds," said Saagar Govil, Chairman and CEO. "We belie
Hauppauge, NY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX, CETXP)), a multi-industry technology company focused on security and industrial services, today announced its financial results for the third quarter and nine months ended June 30, 2025, showing substantial improvement in revenue, margins, and profitability compared to the prior year. "Through the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago," said Saagar Govil, Chairman and CEO. "We've grown sales nearly 20 percent, expanded gross margins by three points, and delivered a $6.6 million year-over-year swing to positive operating income.
Hauppauge, NY, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX), a technology company driving innovation in intelligent security and industrial services, today announced a series of notable new contract awards totaling approximately $1.3 million over the past week across its Vicon Industries (Vicon) and Advanced Industrial Services (AIS) businesses. These awards, part of a larger stream of recent wins, reflect Cemtrex's position in markets tied to major national priorities, including infrastructure modernization, border security, and correctional facility upgrades. AIS:AIS secured a $466,000 project to replace the chiller system at Wrightsville Elementary School for the Easte
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Hauppauge, NY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX, CETXP)), a multi-industry technology company focused on security and industrial services, today announced its financial results for the third quarter and nine months ended June 30, 2025, showing substantial improvement in revenue, margins, and profitability compared to the prior year. "Through the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago," said Saagar Govil, Chairman and CEO. "We've grown sales nearly 20 percent, expanded gross margins by three points, and delivered a $6.6 million year-over-year swing to positive operating income.
Hauppauge, NY, July 31, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX), a technology company focused on intelligent security systems and industrial services, today announced it has acquired approximately $1 million worth of Solana (SOL) as part of a new digital asset treasury strategy, with the goal of expanding its crypto reserves to $10 million over time. "Solana is the most underappreciated layer-one blockchain in the world today," said Saagar Govil, Chairman and CEO of Cemtrex. "It's already processing more real-world transactions than every other blockchain combined, and it's not even close. With a hard-coded supply curve and no reliance on fragmented scaling solutions, we beli
Hauppauge, NY, Aug. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ:CETX, CETXP))), an advanced security technology and industrial services company, will hold a conference call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern time to discuss its results for the fiscal third quarter ended June 30, 2024. A press release detailing these results will be issued prior to the call. Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period. To access the call, please use the following information: Date:Wednesday, August 14, 2024Time:5:00 p.m. Eastern time, 2:00 p.m. Pacific timeToll-free di
Brooklyn, NY, Dec. 01, 2022 (GLOBE NEWSWIRE) -- — Cemtrex Inc. (NASDAQ:CETX, CETXP))) subsidiary Vicon Industries, Inc., a designer and manufacturer of video surveillance and access control software, hardware and components, today announced the appointment of Shane Compton as Chief Operating Officer (COO) at Vicon Industries. An accomplished leader in the physical security industry, Compton brings over 20 years of experience as Chief Operations Officer, Chief Technology Officer, and Chief Product Officer at industry-leading companies like Costar Technologies and Pelco. During his time at these companies, he led initiatives to transform internal operations, thereby increasing profitabilit
Brooklyn, NY, Nov. 12, 2021 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ:CETX, CETXP, CETXW))), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced that it has received notification from the Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's appointment of new independent directors, the Company has regained compliance with NASDAQ Listing Rule (Listing Rule, 5605(c)(4)) related to the audit committee requirements of its Board of Directors. The notification stated that the matter of non-compliance is now closed, and the scheduled hearing before th