Feb 02, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Systems Software industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.Evolving Systems ranks highest with a projected earnings growth of 96.0%. Progress Software is next with a projected earnings growth of 44.4%. Sourcefire ranks third highest with a projected earnings growth of 41.9%.
CommVault Systems follows with a projected earnings growth of 38.9%, and Allot Communications rounds out the top five with a projected earnings growth of 31.7%.
SmarTrend recommended that its subscribers protect gains by selling shares of Allot Communications on September 26th, 2012 by issuing a Downtrend alert when the shares were trading at $24.46. Since that call, shares of Allot Communications have fallen 43.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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