StockIceMan's Weekly Stock Pick
Week of
April 3, 2006
| Stock: |
Foundry Networks, Inc. |
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| Ticker Symbol: |
FDRY - Nasdaq - Computer Peripherals |
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| Buy: |
17.50 to 18.00 |
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| Sell: |
25.00 |
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Info: |
Foundry Networks, Inc.
engages in the design, development, manufacture,
marketing, and sale of data networking solutions
for Layer 2-7 switching and routing, and wired
and wireless local area networks; metropolitan
area networks, wide area networks, and the
worldwide Web. It sells various stackable fixed
configuration switches and modular platforms, as
well as Metro routers, and Internet traffic
management products. The company provides
routing solutions from the Internet core to the
edge of Internet data centers and a customer’s
network of web and application servers. Its
Layer 2 and Layer 3 switches provide support the
use of bandwidth-intensive and Internet-based
applications; Internet traffic management
systems with network intelligence capabilities
enables enterprises and service providers to
build available network infrastructures that
direct the flow of traffic; and metro routers
enable the provision of routing services to
Internet data centers. The company’s products
include U.S. government agencies; universities;
e-commerce sites; and enterprises, such as
healthcare, financial, manufacturing, and
entertainment companies, as well as Internet and
Metro service providers. Foundry Networks was
founded in 1996 and is headquartered in San
Jose, California. |
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| Financial Info: |
For the fiscal year ended
12/31/05, revenues fell 1% to $403.9 million.
Net income rose 17% to $56 million. |
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| Key Ratios: |
Current
Ratio: 6.92, Total Debt/Equity: 0.00, Trailing
P/E: 46.45x, Forward P/E: 27.94x, Price/Book:
3.18, Price/Sales: 6.37 |
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| Share Info: |
There are 143.15
million shares outstanding with 130.28
million shares in the trading
float. Institutions own
approximately 63.90% of the shares outstanding.
There have been no insider purchases and 16
insider sales totaling 411,166 shares in the last six months.
Real-Time SEC
Filings
As of 3/10/2006, there were 5.47 million shares short.
Net Institutional Buying: 7.253
million shares prior to latest
quarter. |
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| Articles: |
Foundry Networks,
Inc.Financials |
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