Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, InterCloud Systems Inc (NASDAQ:ICLD) rose by 2.82%. The shares opened at a price of $15.00, which touched the intraday high of $15.47 and headed to a close of $14.58. Approximately 4.20M shares were traded on Tuesday and an average volume of 0.936 million shares were traded over a 30 day period. The 52-week low of InterCloud Systems Inc (NASDAQ:ICLD) shares is $2.20 and its 52-week high is $36.00. The company has a market capitalization of $105.66 billion.
About the company
InterCloud Systems Inc (NASDAQ:ICLD) was previously formerly the Genesis Group Holdings and was formed on 24th November 1999. It is a provider of specialty & end-to-end outsourced-networks & infrastructure services to the wireless & wireline telecommunications-industry. InterCloud Systems Inc (NASDAQ:ICLD) operates via its 100%-owned subsidiaries: 1- Digital Comm Inc, 2- Tropical Communications, and 3- Rives Monteiro Engineering LLC. InterCloud Systems Inc (NASDAQ:ICLD)’s services include construction, engineering, maintenance & installation services to telecommunications providers. The company also provides underground facility –locating-services to telecommunications providers and original-equipment manufacturers (OEMs) as well as governmental entities.
On 13th September 2012, Genesis sold 60 percent of the outstanding-shares of its common stock of Digital Comm. On 29th December 2011 InterCloud Systems Inc (NASDAQ:ICLD) acquired a 49 percent -stake in Rives Monteiro Engineering LLC. On 22nd August 2011 it bought 100% stake in Tropical Communications, In 2012 September, the company acquired ADEX Corporation. On 17th September 2012, InterCloud Systems Inc (NASDAQ:ICLD) bought all the outstanding-capital stock of T N S, Inc. On 17th September 2012, it acquired all the outstanding-capital-stock of ADEX Corporation. In 2013 April, InterCloud Systems Inc (NASDAQ:ICLD) acquired the entire share capital of AW Solutions Inc.
InterCloud Systems Inc (NASDAQ:ICLD)’s core -services include design, engineering, & construction, deployment and integration as well as maintenance of the complex and converging-wireless & wireline networks.