Analysts at TD Securities like NexJ Systems (TSE:NXJ), a company that provides cloud-based software for the financial services, insurance and healthcare industries, for the “big potential upside” it offers.
The company sells large enterprise customer relationship management (CRM) solutions primarily to the wealth management and insurance verticals.
In a research note in early May, analyst Scott Penner wrote that while he revised down his model on the company based on first quarter results that missed estimates, TD’s thesis is still based on better bookings in the second quarter and the second half of 2013, which is expected to begin the road back to profitability.