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Highest Return on Equity in the Application Software Industry Detected in Shares of Cadence Design Systems (CDNS, FDS, MANH, MSTR, INTU)Jun 14, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.Cadence Design Systems ranks highest with a ROE of 65.9%. Following is Factset Research Systems with a ROE of 35.0%. Manhattan Associates ranks third highest with a ROE of 33.0%. MicroStrategy follows with a ROE of 32.3%, and Intuit rounds out the top five with a ROE of 31.5%. SmarTrend recommended that its subscribers protect gains by selling shares of Intuit on March 21st, 2013 by issuing a Downtrend alert when the shares were trading at $64.92. Since that call, shares of Intuit have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |