StockIceMan's Weekly Stock Pick
Week of
July 4, 2005
| Stock: |
Novatel Wireless, Inc.
|
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| Ticker Symbol: |
NVTL - Nasdaq - Business Software
and Service |
|
|
| Buy: |
12.00 to 12.50 |
|
|
| Sell: |
17.00 |
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|
Info: |
Novatel Wireless, Inc.
provides wireless broadband access solutions for
the mobile communications market worldwide. Its
products include 3G wireless PC card modems,
embedded modems, ruggedized modems, and
communications software. The company’s products
are designed to operate on wireless networks and
provide mobile subscribers with high speed
access to corporate, public, and personal
information through the Internet and enterprise
networks. Novatel Wireless serves wireless
network operators, distributors, original
equipment manufacturers, and vertical markets.
The company also offers software engineering,
integration, and design services. It has
strategic relationships with Lucent
Technologies, Sprint PCS, Verizon Wireless, and
Vodafone. The company was founded in 1996 and
was formerly known as the Personal
Communications Products Division (PCP division)
of Novatel Communications, Ltd. Novatel Wireless
is headquartered in San Diego, California. |
|
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| Financial Info: |
For the 3 months ended
3/31/05, revenues totaled $32.3 million, up from
$15.1 million. Net income applicable to Common
rose from $413,000 to $2.7million. |
|
|
| Key Ratios: |
Current
Ratio: 3.52, Total Debt/Equity:0.006, Trailing
P/E: 23.62x, Forward P/E: 18.89x, Price/Book:
3.51, Price/Sales:
2.99 |
|
|
| Share Info: |
There are 29.03
million shares outstanding with 27.34
million shares in the trading
float. Institutions own
approximately 75.90% of the shares outstanding.
There have been no insider purchases and 18
insider sales totaling 725,053 shares in the last six months.
Real-Time SEC
Filings
As of 6/10/2005, there were 4.45 million shares short.
Net Institutional Selling: 7.623 million
shares prior to latest
quarter. |
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|
| Articles: |
Novatel Wireless Receives
Industry's First EV-DO PC Card Approval For
Network Driver Interface |
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