3SOF

Quote from: 422fwhp on May 05, 2006, 10:39:18 PM

Quote from: eliteG on May 04, 2006, 09:16:22 AM
Breakout is 12.88

You heard it here first!

Another great pic...and I thank you.


Jody

You're welcome Jody 

update NSTC:

NSTC broke out of its bull flag on solid above average volume and continued the day after with even more volume.     Now we await the earnings release pre-market tomorrow(Monday).  Just to be safe let us set a stop at our entry.  Earnings could really get this stock on fire.. the stage is set. 

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Position: bought NSTC @ 11.71 on 3/27/2006
Order: Hold
Exit: stop @ 11.71
Target: n/a
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Earnings out.


Ness Technologies Announces Record First Quarter 2006 Financial Results
Monday May 8, 6:14 am ET
Net Income Rises 29% Year-over-Year on a 21% Increase in Revenues

HACKENSACK, New Jersey, May 8 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ: NSTC - News), a global provider of IT services and solutions, today announced financial results for the first quarter ended March 31, 2006.

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First Quarter 2006 Highlights:

- Diluted net earnings per share was $0.18, compared to $0.14 in the first quarter of 2005.

- Operating income increased to $7.9 million, up 35% year-over-year.

- Net income from continuing operations reached a record $6.3 million, up 29% year-over-year.

- Revenues reached a record $107.0 million, up 21% year-over-year.

- Backlog increased to a record $527 million, up 28% year-over-year.

- Global workforce increased by 1,055 sequentially to 7,000.

- Acquisition of Innova Solutions was completed, strengthening Indian offshore capabilities.

"The strength of our first quarter results, including record revenue, net income from continuing operations and backlog sets a solid foundation for achieving our business objectives in 2006, as we enter our second year as a public company," said Raviv Zoller, President and Chief Executive Officer of Ness Technologies. "Once again, we showed significant momentum in our Eastern European and Indian offshore operations, as well as in our financial services and defense verticals. We also reached two significant benchmarks in the quarter as our backlog surpassed the $500 million milestone and our global headcount reached 7,000 employees. We remain optimistic in our outlook for 2006 based on our proven strategic business model, a robust demand environment within our key geographic and vertical business segments as well as our strong backlog."

Ness' first quarter 2006 revenues totaled $107.0 million, an increase of $18.6 million or 21%, compared to $88.4 million in the first quarter of 2005.

First quarter 2006 operating income increased to $7.9 million, an increase of $2.0 million or 35%, compared to $5.9 million in the first quarter of 2005.

First quarter 2006 net income increased to $6.3 million, an increase of $1.4 million or 29%, compared to $4.9 million in the first quarter of 2005. Diluted net earnings per share for the first quarter of 2006 were $0.18 compared to $0.14 in the first quarter of 2005.

Backlog as of March 31, 2006 increased to $527 million, up 28% compared to $412 million as of March 31, 2005.

"During the first quarter Ness continued to gain operating leverage, as we increased the billable component of our worldwide staff to 87.4% of total employees," stated Ytzhak Edelman, Chief Financial Officer and deputy to the CEO, Ness Technologies. "We continue to focus on improving operating efficiencies and managing financial expenses across our global platform. Despite the significant use of cash in the first quarter for acquisition payments and prior-period tax payments, we were able to significantly reduce our financial expenses, by 86% compared to the first quarter of 2005. We remain focused on further increasing our operating and net margin, managing our debt-to-equity ratio and integrating our new acquisitions efficiently. These first quarter financial results also mark a change in our quarterly reporting process, as we begin reporting segment data for the first time - in keeping with the strategic alignment of our organizational structure implemented over the last few months."

Guidance

For the second quarter 2006 Ness expects to generate revenues in the range of $112 million to $118 million and diluted net earnings per share in the range of $0.14 to $0.17. This guidance takes into account the integration costs associated with our acquisition of Innova, which are expected in the second quarter.

For the full year 2006, Ness reiterates its guidance of revenues in the range of $470 million to $485 million and diluted net earnings per share in the range of $0.80 to $0.85, excluding an expected full-year $0.01 impact associated with expensing of stock-based compensation under the Financial Accounting Standards Board's Statement 123®, which the Company adopted effective January 1, 2006.

Conference Call Details

Ness Technologies President and Chief Executive Officer, Raviv Zoller, and Chief Financial Officer and deputy to the CEO, Ytzhak Edelman, will conduct a conference call to discuss the first quarter 2006 results, which will be simultaneously webcast at 9:00 A.M. Eastern Time / 6:00 A.M. Pacific Time on Monday, May 8, 2006.

To access the Ness Technologies first quarter 2006 earnings conference call participants in North America should dial 1-800-399-0427 and international participants should dial +1-706-634-5453. A live webcast of the conference call will be available on the investor relations page of the Ness Technologies corporate web site at www.ness.com. Please visit the web site at least 15 minutes early to register for the teleconference webcast and download any necessary audio software. A replay of the call will be available on the web site approximately two hours after the conference call is completed.

Although the numbers just met.. these earnings portray why NSTC deserves a higher valuation!  Backlog and revenue guidance is over mkt cap.. solid earnings growth.. a very stable and growing young company.  Showing $13 pre-market so far.. 

Congrats here G, you definitely found a value stock.

uc.

PS. This holding over earnings is nerve racking.

Quote from: usedcasting on May 08, 2006, 08:40:07 AM
Congrats here G, you definitely found a value stock.

uc.

PS. This holding over earnings is nerve racking.

Thx uc  ..  holding over earnings is tough but with the right trade plan it can be done a bit more safely.. especially with a beautifully under-valued stock 

And went down now    Just don't get responses to earnings reports. Definitely hope it will recover.

Amarens

Quote from: Amarens on May 08, 2006, 09:43:56 AM
And went down now    Just don't get responses to earnings reports. Definitely hope it will recover.

Amarens

It is perhaps the IBD folk who were hoping for some amazing results.. thats ok.. our stop is in place and this definately seems like an over-reaction.

Probably has something to do with not raising guidance for the year and the following:

"The company said it expects second-quarter earnings to be between 14 cents and 17 cents per share ...

Analysts, on average, expect a second quarter profit of 18 cents per share...."

NSTC just touted by Crammer tonight on Mad Money FYI.

thx for the update wise  .. Cramer to the rescue.. we missed the stop by .04 and now back up... I wouldn't be surprised if Cramer was a 3stocksonfire member, lol

NSTC back up to 12.70 after-market 

who says there isn't action in the 3SOV portfolio? 

Cramer on NSTC

"As for Ness, the company offers software outsourcing, network-security-systems integration and consulting, meaning that it overhauls an existing technology network to make it more efficient and cheaper.

Cramer said that Ness also has good bloodlines. It has worked on a project for Coca-Cola, and it digitized the entire Israeli justice system. The company's earnings results were in line with expectations, and it reaffirmed its annual guidance.

Because it didn't blow away the numbers as expected, Cramer said that the stock fell and now offers an opportunity to pick it up on the cheap."
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10284329_2.html

I think the Cramer pump presents a great opportunity to short. The ole gap fade. NSTC is unlikely to get through the $12.75 - 13.00 resistance area unless it gaps above it in the morning. I know if I were long I'd be selling unless it gapped above, and I'd feel like I'd been given a get out of jail free card after today's Big Red candle.

Faded the gap per plan. It's not really a gap since it opened within yesterday's trading range, but the idea is similar. Doesn't look like I'm going to hit a home run with this. More like infield hit.

I'm out at 12.48. Can't trust Mr. Cramer.

jorgegr

update NSTC:

NSTC has had a crazy few days.. IBD mention, earnings, Cramer mention .. and we survived!  We just missed our stop on Monday.. and today we had a nice move out of the bull flag.  The fact remains that NTSC is a great value stock.. fwd PE estimate  12.14.. industry avg over 20.. give it time. 

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Position: bought NSTC @ 11.71 on 3/27/2006
Order: Hold
Exit: stop @ 11.71
Target: n/a
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