ATEA $3.2 UP EVERYDAY....ARTICLE SAYS ATEA IS A POTENTIAL 10-BAGGER - GREAT CHART - ONLY $10M MARKET CAP...SECTOR'S MOST UNDERVALUED
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Tue, Oct 15, 2013 8:00 AM EDT
Astea International is Positioned in the Visionaries Quadrant in Gartner's 2013 Field Service Management Magic Quadrant - Evaluation based on Completeness of Vision and Ability to Execute
Oct 7 2013, 12:06
Astea International: A Stock Under $3 Poised To Climb Higher (Excerpts from SeekingAlpha article)
ATEA has positioned itself for potentially significant growth through a recent convergence of the following positive developments: 1) a significant uptick in cloud software as a service wins - a trend that is expected to continue, 2) an increase in its backlog for professional services, 3) the recent announcement of a major software release, and 4) numerous recent announcements of sales and marketing alliances with large global firms.
It appears Astea has recognized this opportunity and have made moves to capitalize on it. Zack Bergreen, founder and CEO of Astea International stated recently, "We've optimized our business both strategically and operationally, to better adapt to the increasing customer adoption of the cloud SaaS business model, and as a result, these actions are already improving our business and we are now well positioned for growth and increased revenues. We are seeing an increase in the number of sizable companies, around the world, that are interested in our robust end-to-end service management solution. In addition to this positive trend, our professional services backlog is growing. Accordingly, we are confident that we will return to profitability by the end of the year."
As mentioned before, the stock price will likely move up after the company demonstrates that it can produce less bumpy and progressively improving results much like those of software company Datawatch (DWCH), When comparing price to sales ratios, DWCH's 7 plus obliterates ATEA's anemic 0.5. This underscores the potential stock appreciation for ATEA stock should its valuation approach that of DWCH.