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WidePoint Corp Faces 50% Drop in Shares After GAO Upholds DHS Contract Controversy.
WidePoint Corp experienced a significant drop in share price after the GAO upheld a protest against its $3.1 billion Cellular Wireless Managed Services 3.0 contract with the DHS. This ruling raises doubts about WidePoint's future with the contract, although analysts predict a potential re-award by year-end.
Company Information
Company
WIDEPOINT CORP
Location
11250 WAPLES MILL ROAD
Fairfax, Virginia, United States
About
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.
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