InterCloud Systems Inc. (NASDAQ: ICLD) is back at it again with a huge jump in shares Friday morning. It is no secret that InterCloud shares have been known to be very volatile. The proof of this volatility is that Friday’s post-contract gain now has shares up almost 200% just since the end of April, and that doesn’t even get the stock to new 52-week highs.

InterCloud announced on Friday that a large east coast auto parts distributor and wholesaler engaged its cloud team to design, migrate and implement a cloud solution to house a Web services infrastructure, centralizing point of sale (POS) and inventory data across all store locations. The solution will include development, quality assurance, production and disaster recovery environments, and will employ storage and delivery technologies.

InterCloud is a single-source provider of end-to-end information technology (IT) and next-generation network solutions, including software-defined networking (SDN) and network functions virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services.

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Mark Munro, CEO of InterCloud, said:

We continue to see a steady flow of new cloud customers and are building recurring revenue streams in the small and medium size business (SMB) market segment. SMB customers are finding the cloud to be a secure and economical means to completely outsource their IT infrastructure and applications. Our solutions allow these customers to eliminate in house IT staff as we take full responsibility for their IT needs. This customer is an excellent example of how a business can have access to the latest technology, save money, speed up time to market, and get enterprise grade IT solutions at a competitive cost. InterCloud is well positioned to manage our customers technology demands.

Looking at the chart for InterCloud, the stock has a history of making some wild moves. Perhaps no moves were ridiculous within the past 52-weeks, but if we look at the chart over the past two years the picture becomes clearer.

In the past two years the shares have gone parabolic a number of times. The biggest jump was seen between November and December of 2013, when shares made an incredible climb from to a high of $19.39 from $2.20, or an increase of 781%.

Formal details of the contract were not readily available. Even after this huge gain, InterCloud’s market cap is $86 million or so — and revenues in 2014 were $76.2 million, versus $51.4 million in 2013 and $17.1 million in 2012. The company just announced another deal earlier in the week for $1.5 million.

Friday morning, shares of InterCloud were up 28.5%, at $4.33 in a 52-week trading range of $1.45 to $7.89. The only analyst polled by Thomson Reuters has a price target of $7.00. Another impressive feat is that InterCloud shares have seen more than 14 million shares trade hands on Friday approaching noon.

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