This $2 Stock Has Big Potential 🔥 Price Prediction American Virtual Cloud Technologies AVCT Stock

American Virtual Cloud Technologies, Inc.
AVCT

American Virtual Cloud Technologies, Inc. provides IT solutions and managed services. It offers managed IT services to a range of clients, including unified communications-as-a-service, directory and messaging, enterprise networking, cybersecurity, collaboration, data center, integration, storage, backup, virtualization, and converged infrastructure.

American Virtual Cloud Technologies (NASDAQ:AVCT) projects revenues of its Kandy Business unit to grow from $14.3M in 2020 to ~$18.8M in 2021 and in excess of $37M in 2022.

The significant projected growth is driven by 505% Y/Y subscriber growth (90% CAGR) from January 2019 to today.

The growth is a result of deeper penetration with existing service provider and enterprise customers including IBM, AT&T, and Etisalat and expansion into new customer relationships.

“AVC technologies is positioned to gain market share as a premier white-label cloud communications provider, checking the CPaaS, CCaaS & UCaaS boxes, while also capitalizing on direct to enterprise capabilities,” said Darrell J. Mays, CEO.