StockIceMan's Weekly Stock Pick
Week of
December 27, 2004
| Stock: |
Ditech Communications Corporation |
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| Ticker Symbol: |
DITC - Nasdaq - Communications
Equipment |
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| Buy: |
14.75 to 15.00 |
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|
| Sell: |
22.00 + |
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Info: |
Ditech Communications
Corporation is a global telecommunications
equipment supplier for voice networks. The
Company's voice-processing products include echo
cancellers, which are used to eliminate echo, a
problem in existing and emerging voice networks.
Echo cancellers have been Ditech's primary
source of revenue to date. The Company's newest
voice-processing products not only provide
customers with the traditional echo cancellation
features, but also can be used to provide voice
quality assurance (VQA) features that address
issues, such as background noise and other voice
quality issues in wireline and wireless
communications. On July 16, 2003, the Company
completed the sale of the optical subsystem
communications business. Ditech directly markets
its products in the United States and to a
lesser degree, through original equipment
manufacturers (OEMs) and distributors. |
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| Financial Info: |
For the six months ended
10/31/04, revenues increased 98% to $49.8
million. Net income from continuing operations
totaled $56.2 million, up from $2.4 million. |
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|
| Key Ratios: |
Current
Ratio: 15.22, Total Debt/Equity: 0.00, Trailing
P/E: 7.57x, Forward P/E: 20.13x, Price/Book:
2.41, Price/Sales: 5.51 |
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| Share Info: |
There are 34.42
million shares outstanding with 31.30
million shares in the trading
float. Institutions own
approximately 93.68% of the shares outstanding.
There have been no insider purchases and 30
insiders sales totaling
667,000 shares in the last six months.
Real-Time SEC
Filings
As of 11/8/2004, there were 2.80 million shares short.
Net Institutional Buying: 2.769 million shares: prior to latest
quarter. |
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| Articles: |
IDitech
to Buy Back $35 Million Shares |
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