dividends paid
INTUITIVE SURGICAL $509.33 (Nasdaq symbol ISRG; TSINetwork Rating: Average) (515-507-5000; www.intuitivesurgical.com; Shares outstanding: 40.1 million; Market cap: $20.7 billion; No dividends paid) makes the da Vinci, a computerized surgical system.
Intuitive fell as low as $493 a share on February 28, 2013, from $570. However, it has since regained a lot of that decline.
The shares fell on a report that the U.S. Food and Drug Administration (FDA) sent out surveys asking surgeons to detail any complications they may have seen with surgeries performed using the da Vinci. The FDA also asked them which procedures they think the system is best and least suited for, and also to describe their training.
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Intuitive fell as low as $493 a share on February 28, 2013, from $570. However, it has since regained a lot of that decline.
The shares fell on a report that the U.S. Food and Drug Administration (FDA) sent out surveys asking surgeons to detail any complications they may have seen with surgeries performed using the da Vinci. The FDA also asked them which procedures they think the system is best and least suited for, and also to describe their training.
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ACI WORLDWIDE $47 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402- 334-5101; www.tsainc.com; Shares outstanding: 39.4 million; Market cap: $1.9 billion; No dividends paid) reported 66.0% higher revenue in the three months ended December 31, 2012, to $224.1 million from $135.0 million a year earlier. The February 2012 acquisition of S1Corp. was the main reason for the gain. Without one-time items, earnings per share jumped 80.3%, to $1.37 from $0.76.
The company’s outlook is positive, and it is well positioned to profit from global growth in payment processing. However, the stock is up over 23% since November 2012 and now trades at a high 29.4 times the company’s forecast 2013 earnings of $1.60 a share.
ACI Worldwide is a hold.
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The company’s outlook is positive, and it is well positioned to profit from global growth in payment processing. However, the stock is up over 23% since November 2012 and now trades at a high 29.4 times the company’s forecast 2013 earnings of $1.60 a share.
ACI Worldwide is a hold.
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ADOBE SYSTEMS $41.59 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 498.8 million; Market cap: $20.8 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use its software to create print publications and web pages.
Excluding one-time items, Adobe’s earnings fell 7.4% in the three months ended November 30, 2012, to $307.9 million from $332.6 million a year earlier. Earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding.
Revenue was flat at $1.15 billion, although it did exceed the consensus estimate of $1.1 billion. The company continues to spend over 17% of its revenue on research.
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Excluding one-time items, Adobe’s earnings fell 7.4% in the three months ended November 30, 2012, to $307.9 million from $332.6 million a year earlier. Earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding.
Revenue was flat at $1.15 billion, although it did exceed the consensus estimate of $1.1 billion. The company continues to spend over 17% of its revenue on research.
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SYMANTEC CORP. $24.54 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.9 billion; No dividends paid) sells computersecurity technology, including anti-virus and email-filtering software, to businesses and consumers. It also offers data-archiving software.
Symantec’s shares continue to rise on better-than-expected earnings and a new restructuring plan that should improve the company’s longterm profitability.
In its fiscal 2013 third quarter, which ended December 28, 2012, Symantec’s revenue rose 4.4%, to a record $1.8 billion from $1.7 billion a year earlier. That’s mainly because its business clients are buying more of its data-security and storage services.
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Symantec’s shares continue to rise on better-than-expected earnings and a new restructuring plan that should improve the company’s longterm profitability.
In its fiscal 2013 third quarter, which ended December 28, 2012, Symantec’s revenue rose 4.4%, to a record $1.8 billion from $1.7 billion a year earlier. That’s mainly because its business clients are buying more of its data-security and storage services.
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BLACKBERRY $16 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.0 million; Market cap: $8.4 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Above Average; www.blackberry.com) is the new name of Research in Motion Ltd. (old symbol RIM). (Note: The company’s legal name will remain Research in Motion until shareholders approve the name change at the next annual meeting.)
The company recently launched two smartphones powered by its new BlackBerry 10 software: the BlackBerry Z10 uses a 4.2-inch touch-screen interface, while the BlackBerry Q10 features a smaller screen and a physical keyboard.
BlackBerry has already started selling the Z10 in Canada, the U.K. and other countries. The company will launch the new phone in the U.S. in March. It should launch the Q10 in April.
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The company recently launched two smartphones powered by its new BlackBerry 10 software: the BlackBerry Z10 uses a 4.2-inch touch-screen interface, while the BlackBerry Q10 features a smaller screen and a physical keyboard.
BlackBerry has already started selling the Z10 in Canada, the U.K. and other countries. The company will launch the new phone in the U.S. in March. It should launch the Q10 in April.
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CGI GROUP INC. $27 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 308.0 million; Market cap: $8.3 billion; Price-to-sales ratio: 1.3; No dividends paid; TSINetwork Rating: Extra Risk; www. cgi.com) continues to benefit from its $2.7-billion purchase of Logica plc in August 2012. This U.K.-based firm provides computer outsourcing services in 36 countries.
Thanks to these new operations, CGI’s revenue in its fiscal 2013 first quarter, which ended December 31, 2012, jumped 145.4% to $2.5 billion from $1.0 billion a year earlier. If you exclude integration costs and other unusual items, earnings rose 29.4%, to $137.8 million from $106.5 million. Earnings per share rose 10.0%, to $0.44 from $0.40, on more shares outstanding.
CGI booked $2.8 billion of new contracts during the quarter, up 104.4% from $1.4 billion a year earlier. Its order backlog is now $18.3 billion.
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Thanks to these new operations, CGI’s revenue in its fiscal 2013 first quarter, which ended December 31, 2012, jumped 145.4% to $2.5 billion from $1.0 billion a year earlier. If you exclude integration costs and other unusual items, earnings rose 29.4%, to $137.8 million from $106.5 million. Earnings per share rose 10.0%, to $0.44 from $0.40, on more shares outstanding.
CGI booked $2.8 billion of new contracts during the quarter, up 104.4% from $1.4 billion a year earlier. Its order backlog is now $18.3 billion.
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These two software makers continue to spend heavily on research. That hurts their earnings, but it helps them compete in their rapidly changing industry. Right now, we prefer Symantec for new buying.
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....
GOOGLE INC. $792 (Nasdaq symbol GOOG; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 329.7 million; Market cap: $261.1 billion; Price-to-sales ratio: 5.3; No dividends paid; TSINetwork Rating: Above Average; www.google- .com) is thinking about opening its own chain of retail stores in the U.S....
INTERNATIONAL FLAVORS & FRAGRANCES INC. $72 (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 81.6 million; Market cap: $5.9 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.iff.com) produces compounds that improve the taste of food and make consumer products smell better.
In 2012, IFF’s sales rose 1.2%, to $2.82 billion from $2.79 billion in 2011....
In 2012, IFF’s sales rose 1.2%, to $2.82 billion from $2.79 billion in 2011....
TERADATA CORP. $62 (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 169.1 million; Market cap: $10.5 billion; Priceto- sales ratio: 4.0; No dividends paid; TSINetwork Rating: Average; www.teradata.com) earned $2.85 a share in 2012. That’s up 22.8% from $2.32 in 2011. Revenue rose 12.8%, to $2.7 billion from $2.4 billion.
However, Teradata expects its revenue to rise by just 6% to 10% in 2013. That’s because the uncertain economy is hurting demand for its analytics services, which help businesses gather and analyze large amounts of data, including customer purchasing patterns. The stock is down 23.5% from its peak of $81 in September 2012. Even so, it trades at a high 19.9 times the company’s likely 2013 earnings of $3.12 a share.
Teradata is a hold.
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However, Teradata expects its revenue to rise by just 6% to 10% in 2013. That’s because the uncertain economy is hurting demand for its analytics services, which help businesses gather and analyze large amounts of data, including customer purchasing patterns. The stock is down 23.5% from its peak of $81 in September 2012. Even so, it trades at a high 19.9 times the company’s likely 2013 earnings of $3.12 a share.
Teradata is a hold.
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