No Ceiling Yet

Written by GSCR Staff   
Thursday, 11 April 2013 10:32

Today’s featured stock is NetSol Technologies, Inc. (NASDAQ – NTWK - $13.53).  While NTWK is up an astounding 120% since early January, there is room for the stock to move higher as the short term analysis shows there is still room for another pop.  The EMA and Fibonacci analyses also both indicate very bullish signals in the short term.

 

NetSol Technologies is a unique global IT firm that provide solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.  The company’s flagship product, NetSol Financial Suite (NFS) is a comprehensive finance and leasing tool used by automobile sales network.  NetSol has several other offerings that support leasing, credit checking, underwriting, and funding.  NetSol's product and services offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by only 178 companies worldwide.

 

Revenue for the June fiscal 2013 is expected to be somewhere in the $46 to $49 million range with EPS around $0.96, up from $0.39 last year. Revenue and EPS are expected to climb to $57M and $1.15, respectively for FY14.


With great financials, a reasonable valuation, and a slew of new orders of late, we think a price target of $16.00 in this quarter is achievable as the Company continues to expand its customer base and improve efficiency.

 

Have a great day!

Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.

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