Actuate Corp (NASDAQ:BIRT)

CAPS Rating: 4 out of 5

The Company provides software and services for Business Intelligence, Performance Management and Reporting applications. Its portfolio of products enable organizations to develop applications that optimize corporate performance.

Recs

1
Player Avatar Kingballer12 (< 20) Submitted: 6/16/2008 1:49:57 AM : Outperform Start Price: $4.52 BIRT Score: +19.20

Opensource technology will become higher in demand not only by financial instituitions but by other tech giants such as Microsoft and Apple. As companies want to cut costs and manage products more effectively, actuate product's will be in high demand. Company is in excellent financial shape. Although revenue dropped, international sales went up 20% while also being able to turn a 100% profit with only five fewer employees. No debt, good inside ownwership, and future acquistion by bigger company definitely possibly. Company only hurt by U.S. economy but I expect even higher revenue from international sales in the future. Has huge market to expand in the U.S. as well as revenue from continuing customers and huge expansion opportunity internationally in countries such as Japan, China, etc. A must-buy but will not soar until U.S. economy stabilizes (mainly financial services).

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