Israel Q1 Earnings Roundup
Posted on Tuesday, May 13th, 2008 | In Current Market News, Foreign Markets, Israel, Stocks to Watch012.Smile (SMLC): “The firm noted that revenue decline reflects a significant year-over-year decline in revenues from hubbing services and a 14% year-over-year decline in the average shekel-dollar exchange rate.” (see article here). Earnings release here. See what IOI has written about SMLC and why some asset managers think it’s cheap.
Voltaire (VOLT): Stock up over 25% this week. Company reported earnings the market liked yesterday. Revenues are up, earnings are up, and margins up a lot. Earnings release here.
Answers.com (ANSW): Stock down big this week off of earnings expectations. They didn’t look too good. Earnings release here. Answers took a $2.0M charge on terminating the Dictionary.com acquisition. Traffic was down sequentially to Answers.com while WikiAnswers seems to be chugging along nicely.
Zoran (ZRAN): IOI Portfolio Member Zoran gets an upgrade from PiperJaffray. The banking firm “predicts Zoran’s growth will bottom out in the second quarter and then rebound as consumers transition to high-definition DVD players and sales of its chips and other products climb.” See our coverage of the firm here.
Ormat (ORA): Israeli geothermal player, Ormat, sells 3M shares this week in a block trade to Lehman Brothers.
NICE (NICE): Anti-rogue trader product unveiled by Israeli security play, NICE. NICE’s Actimize unit is a leader in employee fraud detection and trading surveillance systems at large global firms and is rumored to have detected the massive fraud at Societe Generale. See what we wrote about NICE recently. NICE reports on May 14th.
Last 5 posts by Israel Investor Newsletter
- Crisis in Israeli consumer confidence? - April 1st, 2009
- Top Israeli startups faceoff at Seedcamp Israel tomorrow - January 28th, 2009
- Taking out time for the important things - January 12th, 2009
- (Almost) official: Treasury bailing out Israeli pensions - December 9th, 2008
- StockTwits investor experiences Twitter epiphany - November 27th, 2008
 About Israel Investor Newsletter (http://israelnewsletter.com)
Aaron Katsman is a managing director and the senior portfolio manager of America Israel Investment Associates, Israel Growth Portfolio (www.israelgrowth.com) where he manages a portfolio of Israeli stocks that trade in the US. He is also president of the Global Investments for Profile Investments. Aaron is a frequent contributor to StraightStocks.com, focusing on Israeli stocks. Zack Miller embodies the nexus between asset management, equity research, and new internet distribution technologies. Previously, Zack was an analyst at Oasis Capital Management, a multinational, multi-strategy hedge fund. Zack’s area of expertise is discovering and analyzing undervalued technology stocks, particularly of small-cap companies. Zack holds an MBA from the Kellogg School of Management and a B.A. from Harvard University. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.