NTWK $6.65.....Up!!...Breakout Alert!!....Easy Double after Monster Earnings 11/14 per Recent Preannouncement…..Company Anticipates Record Fiscal 1Q 2013 of $11 Million in Revenues Compared to $6.4 Million in 1Q 2012. Analyst Estimates 20c/share 1Q 2013 Net Income vs. 30c/share Loss in 1Q 2012.......Guidance for 2013 is Strong with 30 - 40% Revenue Growth and $1/share Net Income.....Cloud Divisions growing exponentially........4M share float…….Only 6 P/E at the moment
Target: $10+ after Fiscal 1Q 2013 Earnings Release November 14, 2012……Chart is looking better each day
NTWK went from $15 to $45/share in a few weeks in 2007 on 100% lower revenues than in 2012 per guidance
NTWK is a global software company with presence in all continents and No. 1 in China and South East Asia in the area of easing and financing software....Legacy and Cloud
Analysts recently increased their average target price to $16 and max to $21/share (after record 4Q 2012 earnings and the 3rd consecutive strong quarter in a row)
NetSol Technologies Expects Record First Quarter Revenue
- Total Preliminary Revenue Expected in the Range of $10 to $11 Million
- To Hold Fiscal 2013 First Quarter Results Conference Call on November 14
CALABASAS, Calif., Oct. 31, 2012 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (NTWK), a worldwide provider of global IT and enterprise application solutions, today provided preliminary revenue results for the first quarter ended September 30, 2012. Preliminary revenue results indicate the company's strongest first quarter ever, with revenue expected in the range of $10 million to $11 million.
- Company projects Doubling/Tripling revenues and net income by 2015
- Significant Institutional investor ownership and growing
- Insiders bought over 5% of the Outstanding shares the last 2 years and never sold a single share
- Total share count is only 7.5 million shares. The float is only 3 million shares
- Trading at forward PE of 5
- Strong balance sheet with $1.5/share cash
- Has global agreement with Mercedes Benz - Already 7 countries with NTWK software for leasing and financing Mercedes Benz/Daimler including China, India, Japan, and others
- No.1 in China and APAC in leasing/financing software products and services.
NTWK has over 50 Fortune 100 loyal customers. Never lost a customer. None of the customers is over 5% of the total revenues - partial customer list: CitiGroup, Mercedes Benz, Santander, BMW, Volvo, Ford, GE Capital, Cisco Capital, Paribas, GMAC, Volvo, Toyota, Nissan, Hyundai, BYD, SANY Corp. China, etc.