Our focus this morning is on IWEB, a real up-and-coming cloud services provider with what we feel is a huge upside. The stock is coming off of its 52-week lows, so we are taking a look at this play at an opportune time. Before we break down the chart, let’s talk a little bit about Iceweb and the industry in which it operates.
The cloud computing industry is not new, yet compared to most, it is still very much in its infancy. Maybe you’re a bit confused as to the exact nature of cloud services. In a nutshell, it is a nebulous term used to describe any centrally hosted computing service that delivers programs and data to its users via a network (the internet). It can refer to Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS) solutions that have allowed businesses to operate more efficiently, and escape a lot of the old IT costs and challenges that plague many companies. Gone are the limitations placed on enterprise by heavy IT loads that used to have to be handled in-house.
Iceweb is working to become a one stop shop for any and all cloud service needs of a rapidly changing consumer base. That’s the beauty of the cloud, it is ever adaptable and expandable to accommodate the most up-to-date hardware and software solutions available.
Recently the company has taken steps to become a full-range cloud service provider, most notably with the pending acquisition of Computers and Tele-Comm, Inc. (“CTC”), which operates a full service, uniquely expandable datacenter, a wireless Internet Service Provider, and a carrier-neutral Network Access Point (NAP). It will aid IWEB in its shift from providing only data storage solutions, to a one-stop shop for businesses cloud service needs. This change allows Iceweb a competitive advantage in a burgeoning industry, one that is estimated by Forrester Research to see more than $110 Billion in annual revenue by 2014 .
IWEB intends to grab a piece of that pie, and could very well do so with high-profile clients like NASA (Yes, *that* NASA) who recently purchased IWEB’s scalable IceBOX BYOD (Bring Your Own Device) Private Digital Cloud Solution, as iterated in a May PR.
The truth is, cloud technology continues to evolve, and IWEB is a great stock to take a look at if you’re looking to have a stake in a ground-floor opportunity with a future in providing full-service cloud computing to the Commercial, Education, Government, Hospitality, Healthcare and Non-Profit sectors. We have only seen the beginning of what the cloud can do. The race is on to find newer and more efficient solutions and the methodology to implement them, and Iceweb is our way to have a horse in that race for just pennies per share.
IWEB‘s clear-cut path to multiple revenue streams have been laid out by a seasoned management and technology team, led by CEO Rob Howe, who recently conducted an exclusive interview with us via our sister site, StockTradersTalk.com. We urge you to check out that interview to learn more about Iceweb’s operations. A wealth of information can also be found on the Iceweb website at www.iceweb.com
Now let’s take a look at the stock from a technical standpoint, and pull up a recent chart:
As you can see, the IWEB chart is exhibiting promise as a bottom play. Several indicators are pointing toward a bullish recovery off of its recently registered 52-week low of .02. Resistance is sitting at the 20, 50 & 100DMA’s of .0241, .0257, & .0314 respectively. For a video presentation of the chart, click the image below:
PR this morning:
IceWEB Storage Corporation – (OTC BB:IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOX BYOD (Bring Your Own Device) Private Digital Cloud Solution, CEO, Rob Howe today provided the following update regarding the pending acquisition of Computers & Telecom, Inc. and KC NAP, the companies that IceWEB has been in the process of acquiring.
“Mr. Gibson’s letter spells out in detail many of the reasons why we are excited about this acquisition, why it has been a lengthy process to complete, and shows the enthusiastic commitment of CTC/KC-NAP’s team to become part of IceWEB as a Complete Cloud Services Company,” said Rob Howe, IceWEB CEO. >>READ THE LETTER
Get More Info @ www.iceweb.com