Topic: How To Invest

Pat: I would like to receive information on the following stock: Avigilon Corp.

Article Excerpt

Avigilon Corp., $15.60, symbol AVO on Toronto (Shares outstanding: 46.6 million; Market cap: $698.3 million; www.avigilon.com), designs, makes and sells high-definition surveillance systems. Users can view the images from this equipment on computers, tablets and smartphones. In the three months ended June 30, 2014, Avigilon’s revenue rose 66.2%, to $65.2 million from $39.2 million a year earlier. Excluding one-time items, earnings per share rose 20.0%, to $0.12 from $0.10. The company continued to increase its marketing spending and add staff to support its growth. In April 2014, Avigilon raised $100 million by issuing 3.4 million shares at $29 each. The company now holds cash of $156.7 million, or $3.37 a share, and has no debt. It will use some of its cash to continue its expansion and make acquisitions, such as last year’s $17-million purchase of surveillance system firm RedCloud Security. The company spends 6% of its sales on research, which lets it develop new products like its LightCatcher technology. LightCatcher is designed for…