L-3 Technologies (NYSE:LLL) missed out on much of the rally enjoyed by other defense contractors over the last year. The reason for the lagging performance was because the company was in the middle of a transformation plan aimed at propelling it into the ranks of those larger rivals. Judging by its first-quarter results, the efforts are already beginning to show results.
L-3, a maker of defense communications, electronics, hardware, and software, on May 1 reported quarterly earnings per share of $2.54, or $2.34 adjusted to account for discounted operations, easily beating the $2.01 per share consensus. The company reported a 10% year-over-year increase in orders and a 3% increase in funded backlog, and increased its full-year guidance for earnings per share to $9.40 to $9.60, from $9.30 to $9.50.
L-3 Technologies hopes to position itself as one of the Pentagon's preferred prime contractors. Image source: Getty Images.
Hot Tech Stocks To Invest In 2019: Pointer Telocation Ltd.(PNTR)
Advisors' Opinion:- [By Lisa Levin]
Pointer Telocation Ltd. (NASDAQ: PNTR) is projected to report quarterly earnings at $0.22 per share on revenue of $20.22 million.
Tecogen Inc. (NASDAQ: TGEN) is estimated to report quarterly earnings at $0.01 per share on revenue of $9.43 million.
- [By Ethan Ryder]
Pointer Telocation Ltd (NASDAQ:PNTR) has earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.33.
- [By Ethan Ryder]
Pointer Telocation (NASDAQ: PNTR) and Mitel Networks (NASDAQ:MITL) are both small-cap industrial products companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, profitability, analyst recommendations, dividends, institutional ownership, valuation and risk.
Hot Tech Stocks To Invest In 2019: Carbonite, Inc.(CARB)
Advisors' Opinion:- [By Joseph Griffin]
BidaskClub lowered shares of Carbonite (NASDAQ:CARB) from a strong-buy rating to a buy rating in a research report report published on Tuesday.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Carbonite from a hold rating to a buy rating and set a $33.00 target price on the stock in a research note on Tuesday, March 20th. B. Riley upped their target price on shares of Carbonite from $30.00 to $37.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Lake Street Capital reaffirmed a buy rating and set a $27.00 target price (up from $25.00) on shares of Carbonite in a research note on Wednesday, February 14th. TheStreet downgraded shares of Carbonite from a c+ rating to a d rating in a research note on Tuesday, February 13th. Finally, JMP Securities raised shares of Carbonite to an outperform rating in a research note on Sunday, April 29th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $33.63.
- [By Logan Wallace]
Mackay Shields LLC bought a new position in shares of Carbonite Inc (NASDAQ:CARB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,600 shares of the technology company’s stock, valued at approximately $1,428,000.
- [By Joseph Griffin]
Carbonite Inc (NASDAQ:CARB) CFO Anthony Folger sold 8,531 shares of the company’s stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $38.80, for a total transaction of $331,002.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hot Tech Stocks To Invest In 2019: ANSYS, Inc.(ANSS)
Advisors' Opinion:- [By Stephan Byrd]
Ansys (NASDAQ:ANSS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ANSYS delivered strong results for first-quarter 2018, wherein both the top and bottom lines fared better than the respective Zacks Consensus Estimates. Increasing demand for simulation particularly from industries like energy bodes well for ANSYS. We believe that robust product portfolio, expanding total addressable market improving enterprise penetration, collaborations with leading vendors, and strong balance sheet are the catalysts. Acquisitions like 3DSIM and OPTIS are not only enabling ANSYS to bring innovative solutions to the market but are also aiding it to enhance foothold in the competitive simulations market. However, its margin is expected to remain under pressure as ANSYS continues to invest on product development. Furthermore, adverse foreign currency exchange rates are expected to impede revenue growth in the near term as it generates significant revenues from international market.”
- [By Joseph Griffin]
ANSYS, Inc. (NASDAQ:ANSS) hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $178.06 and last traded at $176.96, with a volume of 7894 shares changing hands. The stock had previously closed at $175.41.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Ansys (ANSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
GW&K Investment Management LLC grew its holdings in shares of Ansys (NASDAQ:ANSS) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,126 shares of the software maker’s stock after acquiring an additional 3,664 shares during the quarter. GW&K Investment Management LLC owned about 0.27% of Ansys worth $34,962,000 at the end of the most recent quarter.
Hot Tech Stocks To Invest In 2019: Bridgeline Digital, Inc.(BLIN )
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Bridgeline Digital (BLIN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Alexander Bird]
Here are the top performers from last week…
Penny Stock Current Share Price Last Week's Gain Staffing 360 Solutions Inc. (Nasdaq: STAF) $2.58 96.35% IZEA Inc. (Nasdaq: IZEA) $1.65 85.19% ShiftPixy Inc. (Nasdaq: PIXY) $3.35 78.38% MER Telemanagement Solutions Ltd. (Nasdaq: MTSL) $3.31 41.07% IsoRay Inc. (NYSE: ISR) $0.60 38.64% TransGlobe Energy Corp. (Nasdaq: TGA) $3.74 37.76% Actinium Pharmaceuticals Inc. (OTCMKTS: ATNM) $0.27 26.31% Blonder Tongue Labs Inc. (NYSE: BDR) $1.56 24.58% Bridgeline Digital Inc. (Nasdaq: BLIN) $1.51 24.51% Cel-Sci Corp. (NYSE: CVM) $0.91 24.03%While these penny stocks generated strong returns last week, they're unlikely to produce the same level of profit again anytime soon.
- [By Ethan Ryder]
Headlines about Bridgeline Digital (NASDAQ:BLIN) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bridgeline Digital earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.3358005969314 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Hot Tech Stocks To Invest In 2019: Microsoft Corporation(MSFT)
Advisors' Opinion:- [By JJ Kinahan]
The tech sector really comes into the spotlight as the week continues with Microsoft Corporation (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN) due after the market close Thursday, followed by a word from the energy sector Friday morning as Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM) step forward. In a world where oil prices keep climbing, the energy stocks might draw more attention than usual.
- [By Leo Sun]
Microsoft's (NASDAQ:MSFT) HoloLens, which projects digital objects onto real world surfaces, is often considered the next big platform for the augmented reality (AR) market. However, the developer version of HoloLens still costs $3,000, and Microsoft still hasn't set a timeline for its consumer release.
- [By Logan Wallace]
Traders sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading on Thursday. $307.24 million flowed into the stock on the tick-up and $376.46 million flowed out of the stock on the tick-down, for a money net flow of $69.22 million out of the stock. Of all stocks tracked, Microsoft had the 0th highest net out-flow for the day. Microsoft traded up $1.09 for the day and closed at $98.63
Hot Tech Stocks To Invest In 2019: Fortinet, Inc.(FTNT)
Advisors' Opinion:- [By ]
Cybersecurity remains red hot, after another three high-profile attacks, at Under Armour (UAA) , Boeing (BA) and Hudson's Bay, the parent of Saks. But while many investors know of the big boys like Palo Alto Networks (PANW) , Fortinet (FTNT) and Proofpoint (PFPT) , Cramer dove into three smaller cybersecurity names to see if they're worth investing in.
- [By Chris Lange]
Fortinet Inc.��s (NASDAQ: FTNT) short interest increased to 5.96 million shares from the previous 4.97 million. Shares were trading at $60.64. The 52-week range is $35.44 to $60.82.
- [By Ethan Ryder]
Shares of Fortinet Inc (NASDAQ:FTNT) reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $61.16 and last traded at $60.96, with a volume of 30805 shares traded. The stock had previously closed at $60.35.