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NetworkNewsBreaks – Analyst: Net Element, Inc. (NETE) Could See Revenues of $55M for 2016

Company: Net Element, Inc. (NETE)
Category: Analyst Alerts

Net Element’s (NASDAQ: NETE) third-quarter results were recently the focus of a Zacks Small-Cap Research report (http://nnw.fm/O4nDy) by analyst Lisa Thompson. “With all of these factors in mind, Zacks forecast that Net Element could grow to $55 million in revenues in 2016 through a combination of internal growth, strategic acquisitions and change in revenue recognition.” The research report goes on to claim that the company’s PPS “could rise to $7.30 next year using 2016 estimated gross margin of $10.6 million and a share count of 17 million shares.”

To view the full article visit http://nnw.fm/IC9dP

About Net Element

Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US, Net Element is growing transactional revenue with innovative services including our cloud based, restaurant point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. For more information visit www.netelement.com

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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