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Small Cap Profile: Convera (CNVR):
[BRIEFING.COM -- Robert J. Reid] Search stocks have been hot lately, especially lower profile names like GuruNet. Also, the NY Times paid a hefty price for About.com this morning which could fuel interest in the space. Convera is gaining exposure to search and is well below the radar. Combine that with the co's increasing focus on national security, defense, law enforcement and intelligence gathering community and this name is worth keeping on the radar for traders. We view this as more of a trading idea, than a play on fundamentals. The stock chart is favorable as it slowly has been moving to a new 52-week high and broke above resistance in the 4.80/5.00 range.
Background
Convera (CNVR 5.35 unch) licenses software for mission-critical enterprise search and categorization solutions. Its flagship product, RetrievalWare, provides highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages.
If you have any ideas, comments, or questions, please email rreid@briefing.com.
Key Points
Repositioning: The co is in the midst of a restructuring that could make it quite an interesting company when it emerges.
Higher ended First, its flagship product, RetrievalWare, has unique capabilities for govt agencies, the media, entertainment and publishing arena and the life science sector. However, going forward, the co expects to focus a substantial amount of resources on further penetration of the high-end and lucrative national security, defense, law enforcement and intelligence gathering community.
Second and perhaps more interestingly, the co has been applying portions of its existing technology to searching and indexing information on the World Wide Web.
This next-generation search technology achieved its initial development milestone in Oct 2004 by creating an "Alpha" stage, search platform for open-source Web content.
Milestone Reached: This index now contains more than 1 billion documents.
The co expects to launch a service offering during the next two quarters. The offering may be used in concert with RetrievalWare or with an organizations existing internal application to create an integrated portal offering "blended" results from both Intranet and open-source searches.
Expense adjustments, including a workforce reduction, facility consolidations, reduced marketing related expenses and decreased other general operating costs, are in support of the co's efforts to reach profitability and as such are expected to position its RetrievalWare business to reach net income profitability. The restructuring is expected to result in annualized savings of $10 mln, which is large for a company of this size.
Co has $22.7 mln in cash/inv with no long term debt. For the 9 months ended Oct 31, co posted sales of $23.3 mln, which was down year over year as the co navigates its restructuring into higher end markets.
Bottom Line: Search stocks have been hot lately, especially lower profile names like GuruNet. Also, the NY Times paid a hefty price for About.com this morning which could fuel interest in the space. Convera is gaining exposure to search and is well below the radar. Combine that with the co's increasing focus on national security, defense, law enforcement and intelligence gathering community and this name is worth keeping on the radar for traders. CNVR may be a bit risky for investors, although the $10 mln savings is a big deal. We view this as more of a trading idea, than a play on fundamentals. The stock chart is favorable as it slowly has been moving to a new 52-week high and broke above resistance in the 4.80/5.00 range.
CNVR -- One Year Chart
تابعوها
وهذا تقرير عنها
=======================================
Small Cap Profile: Convera (CNVR):
[BRIEFING.COM -- Robert J. Reid] Search stocks have been hot lately, especially lower profile names like GuruNet. Also, the NY Times paid a hefty price for About.com this morning which could fuel interest in the space. Convera is gaining exposure to search and is well below the radar. Combine that with the co's increasing focus on national security, defense, law enforcement and intelligence gathering community and this name is worth keeping on the radar for traders. We view this as more of a trading idea, than a play on fundamentals. The stock chart is favorable as it slowly has been moving to a new 52-week high and broke above resistance in the 4.80/5.00 range.
Background
Convera (CNVR 5.35 unch) licenses software for mission-critical enterprise search and categorization solutions. Its flagship product, RetrievalWare, provides highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages.
If you have any ideas, comments, or questions, please email rreid@briefing.com.
Key Points
Repositioning: The co is in the midst of a restructuring that could make it quite an interesting company when it emerges.
Higher ended First, its flagship product, RetrievalWare, has unique capabilities for govt agencies, the media, entertainment and publishing arena and the life science sector. However, going forward, the co expects to focus a substantial amount of resources on further penetration of the high-end and lucrative national security, defense, law enforcement and intelligence gathering community.
Second and perhaps more interestingly, the co has been applying portions of its existing technology to searching and indexing information on the World Wide Web.
This next-generation search technology achieved its initial development milestone in Oct 2004 by creating an "Alpha" stage, search platform for open-source Web content.
Milestone Reached: This index now contains more than 1 billion documents.
The co expects to launch a service offering during the next two quarters. The offering may be used in concert with RetrievalWare or with an organizations existing internal application to create an integrated portal offering "blended" results from both Intranet and open-source searches.
Expense adjustments, including a workforce reduction, facility consolidations, reduced marketing related expenses and decreased other general operating costs, are in support of the co's efforts to reach profitability and as such are expected to position its RetrievalWare business to reach net income profitability. The restructuring is expected to result in annualized savings of $10 mln, which is large for a company of this size.
Co has $22.7 mln in cash/inv with no long term debt. For the 9 months ended Oct 31, co posted sales of $23.3 mln, which was down year over year as the co navigates its restructuring into higher end markets.
Bottom Line: Search stocks have been hot lately, especially lower profile names like GuruNet. Also, the NY Times paid a hefty price for About.com this morning which could fuel interest in the space. Convera is gaining exposure to search and is well below the radar. Combine that with the co's increasing focus on national security, defense, law enforcement and intelligence gathering community and this name is worth keeping on the radar for traders. CNVR may be a bit risky for investors, although the $10 mln savings is a big deal. We view this as more of a trading idea, than a play on fundamentals. The stock chart is favorable as it slowly has been moving to a new 52-week high and broke above resistance in the 4.80/5.00 range.
CNVR -- One Year Chart
