10 Best Prison and Law Enforcement Stocks to Buy According to Analysts

3. SuperCom Ltd. (NASDAQ:SPCB)

Analyst Upside: 76.32%

Number of Hedge Fund Holders: 2

SuperCom Ltd. (NASDAQ:SPCB) provides traditional and digital identity solutions, offering tracking, identification, and security products to government, private, and public organizations. The company operates through the Cyber Security, Internet of Things (IoT), and e-Gov segments. It ranks fourth on our list of the best prison and law enforcement stocks to buy according to analysts.

The company recently acquired a new contract with a significant Midwest-based service provider, which is expected to expedite its entrance into three additional US states: Minnesota, Wisconsin, and Michigan. The provider’s established market presence is anticipated to support this growth and expedite SuperCom Ltd.’s (NASDAQ:SPCB) nationwide expansion momentum. The provider is also well-positioned to route the company’s technology into a range of high-impact community programs, with a solid focus on domestic violence monitoring, bringing positive sentiments to its future operations.

For the first nine months ending September 30, SuperCom Ltd. (NASDAQ:SPCB) reported a revenue increase to $21.3 million from $20.9 million, while gross profit increased to $10.7 million from $7.9 million. Gross profit margin also rose to 50.1% from 37.7%, highlighting its positive operations.