StockIceMan's Weekly Stock Pick
Week of
January 16, 2006
| Stock: |
Actuate Corporation |
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| Ticker Symbol: |
ACTU - Nasdaq - Application Software |
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| Buy: |
3.00 to 3.50 |
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| Sell: |
6.00 |
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Info: |
Actuate Corporation
provides an enterprise reporting application
platform worldwide. The company’s Actuate 8
product line provides a platform for the
development and deployment of enterprise
reporting applications. These applications
retrieve business information from corporate
databases and deliver them as interactive Web
pages, Excel spreadsheets, and analytic cubes to
customers, partners, and employees around the
globe. Its products and services are used to
develop and deploy enterprise reporting
applications for business functions, including
financial management, sales management, account
management, and customer self-service. The
company’s enterprise reporting application
platform consists of a set of products that
provide Web pages, Microsoft Excel spreadsheets,
and analytic cubes to present users with a
Web-portal like experience for accessing and
interacting with decision-making information; a
comprehensive development environment to build,
integrate, and maintain the core data access and
reporting infrastructure of enterprise reporting
applications; and a unified metadata layer,
which is accessible by all products within its
platform. It sells its software and services
through direct sales force to corporate and
government customers and through indirect
channel partners, such as original equipment
manufacturers, systems integrators, and
resellers. The company primarily serves
customers in various industries, including
financial services, government, health care,
manufacturing, pharmaceuticals,
telecommunications, high technology, utilities,
automotive, education, entertainment, travel,
retail, and others. Actuate was co-founded in
1993 by Nicolas C. Nierenberg and is
headquartered in San Francisco, California |
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| Financial Info: |
For the nine months ended
9/30/05, revenues decreased less than 1% to
$77.2 million. Net income totaled $7.5 million,
up from $70,000. |
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| Key Ratios: |
Current
Ratio: 1.93, Total Debt/Equity: 0.00, Trailing
P/E: 25.47x, Forward P/E: 15.86x, Price/Book:
4.05, Price/Sales: 1.98 |
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| Share Info: |
There are 60.29
million shares outstanding with 56.40
million shares in the trading
float. Institutions own
approximately 68.90% of the shares outstanding.
There have been no insider purchases and 1 insider sales
totaling 15,000 shares in the last six months.
Real-Time SEC
Filings
As of 12/12/2005, there were 332,360 shares short.
Net Institutional Selling: 4.550 million
shares prior to latest
quarter. |
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| Articles: |
Actuate buys privately
held performancesoft |
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