Revenue Update on CSP(NASDAQ:CSPI)

CSP(NASDAQ:CSPI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 18, 2016. Earnings per share were $0.32.

CSP (CSPI) shares turned negative on Mondays trading session with the shares closing down -0.2201 points or -2.39% at a volume of 25,722. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.3. The peak price level was also seen at $9.3 while the days lowest was $8.8701. Finally the shares closed at $8.9899. The 52-week high of the shares is $10.2 while the 52-week low is $5.28. According to the latest information available, the market cap of the company is $34 M.

CSP Inc. (CSPI) along with its subsidiaries develops and markets information technology (IT) integration solutions and high-performance cluster computer systems. The Company operates in two segments: Systems segment and Service and System Integration segment. The Systems segment consists primarily of CSPI’s MultiComputer Division (MultiComputer Division) which designs and manufactures commercial high-performance computer signal processing systems for a variety of complex real time applicationsin defense and commercial markets for the analysis of complex signals such as sonar radar seismic exploration and scientific/engineering research. The Service and System Integration Segment consists of the computer maintenance integration services and third-party computer hardware and software value added reseller (VAR) businesses of its Modcomp subsidiary (Modcomp).

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