Evolving Systems Inc (EVOL) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 8

Evolving Systems Inc (EVOL) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Maxim Group advised their investors in a research report released on May 4, 2016.

Evolving Systems Inc closed down -0.04 points or -0.70% at $5.71 with 9,972 shares getting traded on Monday. Post opening the session at $5.7, the shares hit an intraday low of $5.7 and an intraday high of $5.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 10, 2015, Thomas Thekkethala (President) purchased 12,636 shares at $5.62 per share price. According to the SEC, on Nov 24, 2015, Thaddeus Dupper (CEO) sold 58,522 shares at $5.36 per share price.

Evolving Systems Inc. is engaged in providing software solutions for service enablement on-device activation and management of services for connected devices for network operators around the world. The Company is developing deploying integrating enhancing and maintaining software solutions. Its software solutions support traditional and next generation network technologies convergent service offerings and advanced wireless and other broadband networks. The Company operates in two segments: license fees and services revenue and customer support revenue. It offers software products and solutions in five areas including service activation solutions subscriber identity module (SIM) card activation and management solutions Connected device solutions Cloud-based software as a service(SaaS) activation self-service mobile applications and data enablement solutions to wireless carriers and Mobile Virtual Network Operators (MVNOs) and Number inventory and management solutions.

Evolving Systems Inc

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