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Icons

**Company Overview**

**Name:** Icons

**Ticker Symbol:** CROSS

**Exchange:** Nasdaq

**Crosshair**

Crosshair is a leading provider of cybersecurity solutions for enterprises and governments. The company's products and services include:

* Endpoint security

* Network security

* Cloud security

* Managed security services

**Earnings and Growth**

**Recent Earnings:**

* Q3 2022: Revenue of $123.4 million, up 19% YoY

* Q3 2022: Net income of $19.1 million, up 14% YoY

**Growth Drivers:**

* Increasing demand for cybersecurity solutions due to rising cyber threats

* Expansion into new markets and verticals

* Acquisition of complementary businesses

**Financial Highlights**

* Revenue (TTM): $449.2 million

* Net Income (TTM): $65.5 million

* Gross Margin: 68.4%

* Operating Margin: 17.7%

* Debt-to-Equity Ratio: 0.15

**Valuation**

* Market Capitalization: $1.9 billion

* Price-to-Earnings Ratio (P/E): 29.0x

* Price-to-Sales Ratio (P/S): 4.3x

**Industry Outlook**

The cybersecurity industry is expected to continue growing rapidly in the coming years, driven by the increasing adoption of cloud computing, mobile devices, and the Internet of Things (IoT). Crosshair is well-positioned to benefit from this growth due to its strong product portfolio and customer base.

**Analyst Recommendations**

* The majority of analysts have a "Buy" or "Outperform" rating on Crosshair.

* The average price target for CROSS is $35.00, which represents a potential upside of 15% from the current price.

**Risks**

* Competition from larger cybersecurity vendors

* Rapidly evolving cybersecurity landscape

* Dependence on a limited number of customers