Look at the chart from last December--Look familiar?
The stock was pulling up from a very oversold bottom after a quarter where revenue had to be delayed and because of that the company reported a "miss". When the revenue was indeed received and booked the next quarter was a significant "beat" and the stock gapped up 15% and kept going from there all the way up to nearly $11. The same pattern is repeating itself with delayed receipt, a "miss" due to that, a very oversold bottom, and a "beat" coming up in January. This stock is still on sale. The Trusteer deal is huge, and cyber security demand is still increasing. Look for a big runup in January all the way to April. Still predicting $11-12 in April---or a 40-50% ROI from here.
the biggest threat now is wifi password theft..50 customers in a high-end coffee shop just got hacked 2 days ago nearby..was on 6 o'clock news last night..what's that tellya about organic growth in a greenfield mkt..WAN security is everything..the banks sure know this..
Yeah, I looked at that last nite too..excellant post..
7.82 now so there's the high-end resistance range taken out( 7.66 +- .16 or 7.50-7.82)..
You'll see large block institutional buys now methinks..
next stop 8.63..