Topic: How To Invest

Pat: What do you think of tech stock CounterPath Corp. Thanks.

Article Excerpt

CounterPath Corp., $1.60, symbol CCV on Toronto (Shares outstanding: 39.9 million; Market cap: $63.8 million, www.counterpath.com), makes voice-over-internet-protocol (VoIP) software for computers and mobile devices. VoIP technology converts analog signals, mainly voices, to a digital format. This makes it possible for users to make low-cost phone calls over the Internet, as well as share video and instant messaging at the same time. CounterPath has over 250 customers in more than 50 countries. The company’s clients include major telecommunications companies, including AT&T, Verizon, BT (British Telecommunications plc) and Mobilkom Austria. CounterPath also sells its technology to network equipment makers, such as Avaya, BroadSoft, Cisco Systems, GENBAND, Metaswitch Networks and Mitel. In the three months ended October 31, 2011. CounterPath’s revenue rose 35.3%, to a record $3.5 million from $2.6 million a year earlier (all figures expect share price and market cap in U.S. dollars). Revenue from software sales (61% of total revenue) rose 21.5%, to $2.1 million from $1.8 million. Service revenue (39% of total…