Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Asure Software Inc    ASUR

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Forgent Networks : Dutton Associates Announces Investment Opinion: Forgent Networks Strong Buy Rating Maintained By Dutton Associates

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/10/2006 | 06:00pm CET

Dutton Associates updates its coverage of Forgent Networks (Nasdaq:FORG), maintaining a Strong Buy rating but lowering its target price to $2.00 price target. The 13-page report by Dutton senior analyst Richard West, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.

Forgent Networks, Inc.'s (Forgent) aggressive and, in the past, successful program of licensing its intellectual property generated revenue over $115.0 million in license fees in the past four-and-a-half years, from licensing its U.S. Patent No. 4,698,672 (?672 Patent) to 60 companies. However, since our May 18, 2006 Research Report, Forgent experienced some negative events that have severely affected its fortunes. We discuss these events in our report. In response to Judge Fogel's Markman Hearing ruling, Forgent's common stock fell from the $1.20 per share level and has been selling in the $0.36 to $0.53 range. At these levels, Forgent is being valued at approximately $10.0 million, which is less than the cash on the balance sheet as of April 30, 2006. We believe the current low valuation more than discounts the past negatives and does not take into account the possibility of Forgent going forward to a jury trial for the ?672 Patent or arriving at a negotiated settlement. Also, the current low valuation appears to ignore the possibility involved in the ?746 Patent litigation. We reiterate our Strong Speculative Buy rating but, due to the unresolved issues, are lowering our 12-month price target to $2.00 per share.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs®, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. We received $63,000 from the Company for 7 quarterly Research Reports with coverage commencing on 12/21/2004. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.


© Business Wire 2006
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ASURE SOFTWARE INC
01/12 ASURE SOFTWARE : Brown Gibbons Lang & Company BGL Announces the Sale of HR Solut..
01/12 ASURE SOFTWARE : Acquires Corporate Payroll
01/05 ASURE SOFTWARE, INC. (NASDAQ : ASUR) Files An 8-K Entry into a Material Definiti..
01/05 ASURE SOFTWARE INC : Entry into a Material Definitive Agreement, Completion of A..
01/04 ASURE SOFTWARE : Closes Three Strategic Acquisitions and Provides 2017 Financial..
01/03 ASURE SOFTWARE : Expands into HR Consulting with Acquisition of Personnel Manage..
01/03 Asure Software Expands into HR Consulting with Acquisition of Personnel Mana..
01/03 Asure Software Expands Footprint to the Northwest with Strategic Acquisition ..
01/03 Asure Software Expands Payroll Offering to Benefit Broker Community with Acqu..
01/03 ASURE SOFTWARE : Closes Three Strategic Acquisitions and Provides 2017 Financial..
More news
Sector news : Software - NEC
01/13DJMICROSOFT : Acquires Artificial-Intelligence Startup Maluuba
01/12DJMICROSOFT : New Privacy Dashboard Lets You Delete Personal Data
01/10 EXCLUSIVE : China's ZTE to slash about 3,000 jobs - sources
01/08 Automakers, suppliers team up to share costs of self-driving cars
01/06DJSAP : 4Q 2016 -- Forecast
More sector news : Software - NEC
News from SeekingAlpha
01/09 TECHNOLOGY - TOP GAINERS / LOSERS AS : 00 pm
01/04 Asure Software Closes Three Acquisitions To Start 2017
2016 TECHNOLOGY - TOP 5 GAINERS / LOSERS : 30 pm
2016 INSIDERINSIGHTS.COM DAILY ROUND UP 1 : Shak, pih, trnc
2016 Asure Software announces closing of public offering of common stock
Advertisement
Financials ($)
Sales 2016 36,3 M
EBIT 2016 2,36 M
Net income 2016 -0,42 M
Debt 2016 6,80 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 126,72
EV / Sales 2016 2,70x
EV / Sales 2017 2,05x
Capitalization 91,1 M
More Financials
Chart ASURE SOFTWARE INC
Duration : Period :
Asure Software Inc Technical Analysis Chart | ASUR | US04649U1025 | 4-Traders
Full-screen chart
Technical analysis trends ASURE SOFTWARE INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 12,4 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Patrick F. Goepel President, Chief Executive Officer & Director
David A. Sandberg Chairman
Joseph Karbowski Chief Operating & Technology Officer
Brad Wolfe Chief Financial Officer & Vice President
Adrian Austin Pertierra Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ASURE SOFTWARE INC29.85%91
MICROSOFT CORPORATION0.90%487 514
CITRIX SYSTEMS, INC.2.79%14 318
HEXAGON AB6.45%13 381
RED HAT INC5.25%13 079
SYNOPSYS, INC.4.21%9 207
More Results