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Shares of Viasat Rank the Highest in Terms of Forward P/E Ratio in the Communications Equipment Industry (VSAT, SONS, SHOR, MERU, IDCC)Jun 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Communications Equipment industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Viasat ranks highest with a a forward P/E ratio of 84.01. Following is Sonus Networks with a a forward P/E ratio of 71.30. ShoreTel ranks third highest with a a forward P/E ratio of 67.22. Meru Networks follows with a a forward P/E ratio of 60.40, and InterDigital rounds out the top five with a a forward P/E ratio of 55.41. SmarTrend recommended that subscribers consider buying shares of Viasat on November 29th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $37.62. Since that recommendation, shares of Viasat have risen 87.1%. We continue to monitor Viasat for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |