Cambridge Technology Enterprises Detail
Cambridge Technology Enterprises is in portfolio of Mukul Agarwal. He is one of the top investors in India. The company belongs to IT sector.
As per the Company website it is a global business & technology services company. It offers custom made Artificial Intelligence services to its Clients. The major service segments of the Company are
- Artificial Intelligence
- Big Data Services
- Cloud Services
- Application Services
- DevOps Services
- IAM Services
- Infrastructure management services
It does list quite a few companies in its client list. But does not provide any reference of projects completed or what clients have to say about the Company. Note above are top buzz words in market right now and Company utilizes them heavily on their website. Right now If you see most IT companies will have these things mentioned on their website.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Cambridge Technology Enterprises Stock Performance
Above long term chart does not paint a rosy picture for the stock. It has been under downtrend for long. If you see leaving the jump in year 2015 the stock has always been in downtrend under performing each passing year.
It is very easy to get tempted by 2015 exceptional run. It went to 150 mark in very short span of time. This may make retail investors think that stock has corrected so much and may duplicate the run it had in year 2015 giving them quick return. History may not repeat itself at least in stock market. You should research reason Stock jump during that time and what caused it slow but sure down trend after that before making any decision.
Cambridge Technology Enterprises My Opinion
Cambridge Technology Enterprises is a IT Company. It uses all the major buzz words available in market on its website. But I have not found concrete details on Clients and Services it offers. I am not too convinced about the Company or its future outlook.
IT Companies have performed well over the years. One can have a IT company in their portfolio. Note IT is changing landscape with evolution in technology. This is first sector which gets disrupts as new technology comes old ones make way or their is migration from Old ones to new ones.
Most IT companies in India are Service companies offering Clients maintain their business process in low cost. Like they provide custom development and maintenance services to banks and other industries.
I have already invested in this sector and have decent exposure. In my opinion it is better to invest in proven IT companies rather than the smaller ones which may get wiped out with technology shift or are single customer wonder.
I will not advice you to track this Company as it is not good investment option. But make sure you do your own research before making a decision.