Totally agree, the 23% gain was totally unjustified. They hit their estimates and aren't experiencing earnings growth. It is a solid company, I don't see how another company could buy them as it seems it would take $20 to $22 a share.
You guys are confused. Nobody cares about trailing P/E. Forward P/E is 16.5 based on next year's earnings of 0.94. If you believe that analysts will increase their estimates, then the P/E will go down.
I'm not confused. And I'm not worried about INFA's future. It's still my favorite tech stock(I do like ARTG as well). But the current DOW's future P/E is now at 30. IMO, that's way too high. I see a major correction coming soon to the market. Even good stocks should fall in price when that happens. Good luck.