iGATE Corp (NASDAQ:IGTE)
CAPS Rating:
The Company is a worldwide provider of information technology and offshore outsourcing services to large and medium-sized organizations.
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The Company is a worldwide provider of information technology and offshore outsourcing services to large and medium-sized organizations.
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I-Gate has finally broken through their last technical barrier on their long-term chart and looks poised to continue this dramatic rally. The company has been posting steady 5%-15% revenue gains for years now but has really turned it on these past two years. They are trading at 23 times forward earnings and maintain 93M in cash without any debt obligations. This is one of those slow and steady turtles which should have the technicals as its catalyst to continue to move higher.
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