Jun 26, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Application Software industry with the lowest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.salesforce.com ranks lowest with a forward earnings yield of 1.1%. Following is Ultimate Software with a forward earnings yield of 1.2%. Datawatch ranks third lowest with a forward earnings yield of 1.8%.
QLIK Technologies follows with a forward earnings yield of 1.9%, and Concur Technologies rounds out the bottom five with a forward earnings yield of 2.0%.
SmarTrend recommended that subscribers consider buying shares of Concur Technologies on May 3rd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $61.93. Since that recommendation, shares of Concur Technologies have risen 7.1%. We continue to monitor Concur Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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