After 7 million shares changed hands in October, cybersecurity company Visium Technologies, Inc. (OTCMKTS: VISM) appears to be bottoming out. A new agreement with The MITRE Corporation and the announcement of the company’s new product, CyGraph, at the .NEXT conference are the major factors behind the market move. If the demand for the stock continues to creep up, share price of VISM will most likely increase.
See the most recent stock price dynamics before we offer additional information:
BUSINESS MODEL AND TIES WITH NUTANIX (NASDAQ: NTNX)
Based in Fairfax, Virginia, Visium Technologies, Inc. offers global cybersecurity and Internet of Things solutions as well as machine learning and automating services for the protection of corporate data.
Visium operates as a partner of Nutanix (NASDAQ: NTNX), a global leader in cloud software and hyperconverged infrastructure solutions. With a market capitalization of $5.5 billion, NTNX is a massive corporation, which will help Visium Technologies receive market attention.
On October 30, 2019, Visium Technologies, Inc. attended the .NEXT conference in Copenhagen, where the company presented its new product CyGraph. As shown in the image below, Visium’s new tool is a platform that provides cybersecurity analytics, risk management, and other intelligence tools:
Source: Company’s Website
Source: Press Release
What we appreciate the most is the company’s agreement with Nutanix security architecture team. With a significant amount of cash in hand and know-how, Nutanix will most likely help Visium get to the next level. It is a great reason to follow VISM’s new developments carefully:
“Visium is excited to be working hand-in-hand with the Nutanix security architecture team in order to add CyGraph to their offerings. CyGraph has been fully certified and supported on Nutanix’ AHV. CyGraph fills a need expressed by many Nutanix customers by providing intelligent cybersecurity situational awareness to its users by turning the overwhelming amount of cybersecurity information into actionable knowledge. The Nutanix mission is to make it easier than ever for its customers to design, build, and manage datacenter IT and Cloud operations. CyGraph’s capabilities fit perfectly into this mission”. said Mark Lucky, Visium, CEO.
NEW FINANCING AGREEMENT
In October 2019, some investors became interested in Visium Technologies. Power Up Lending Group Ltd. signed a securities purchase agreement and accepted to provide convertible debt financing. The company noted that it would use the proceeds to finance general working capital purposes.
The announcement is very positive for two reasons. First of all, shareholders usually appreciate when the companies receive cash in hand to operate. Besides, the investors executed due diligence and studied the company’s business model. If they decided to trust the company’s operations, other market participants may do the same.
The company saw how investors changed a significant amount of shares in October and November. In our view, the recent developments are leading to an increase in the demand for the stock. With new financing and a big partner, Visium Technologies, Inc. (OTCMKTS: VISM) will most likely surprise the market in 2020. We will be following the company’s new announcements carefully. They may soon push up the share price to higher marks.
Previous Financial Analysis:
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Disclosure: We hold no position in Visium Technologies, Inc. (OTCMKTS: VISM) either long or short, and we have not been compensated for this article.