Here's Why Cemtrex Shares Are Up Today

Cemtrex Inc CETXP looked to a strategic shift towards prioritizing its core businesses, notably Vicon Industries, its security technology brand.
Cemtrex explored the divestiture of one or more business units to bolster its Advanced Technologies segment.
Cemtrex saw untapped potential in its security business, Vicon, with escalating demand as end-users seek a reliable source of video surveillance and access control technologies.
Vicon continues to experience elevated demand for its security portfolio from significant customers, including a recent $1.2 million upgrade order, validating its technology and reaffirming its upward growth trend.
Cemtrex believes Vicon was on a solid path towards $5 million - $10 million of recurring revenue in the next three to five years as the industry shifts to SaaS solutions leveraging AI and cloud technology solutions.
Price Action: CETXP shares traded higher by 115.79% at $2.05 on the last check Wednesday.