Their Enterprise Service Management Group looks to be a leader in the cloud computer managment technology. No don't ask me to explain it but I know that's the future.
The stock has a 96% Barchart technical buy signal and hit 15 new highs and gained 10.55% in the last month. With a price around 48.54 its Relative Strength Index is 71.89% and rising.
Wall Street brokerages think the sales will increase 6.10% next year and earnings per share should increase 7.00%. I like their 5 year annual EPS growth rate estimated to be 13.07%
The fools on Motley Fool have notice this one too with the CAPS members voting 192 to 21 for the stock to beat the market. The more experienced All Stars vote 78 to 7. The Wall Street columnists articles have been positive 14 to 4.
I don't understand cloud technology but I understand the price movement:
- 96% Barchart technical buy signal
- Relative Strength Index of 75.27% and rising
- Wall Street brokerages pushing the stock based on an estimate of a 5 year annual EPS growth rate of 13.07%
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.