Sonic Foundry Inc.
) reached a new 52-week high of $11.43 on Jun 13, 2013. Sonic
Foundry shares have gained from product enhancements, its share
repurchase program and solid second-quarter 2013 results
announced on Apr 25.
The closing price of this application software-maker on Jun 11
was $11.20, representing a robust 1-year return of about 60.0%
and year-to-date return of about 83.3%. Average volume of shares
traded over the last three months stands at approximately 9,973K.
The company's market cap stands at $43.9 million.
Moreover, Sonic Foundry carries a Zacks Rank #1 (Strong Buy) and
has an Earnings Expected Surprise Prediction or ESP (Read:
Zacks Earnings ESP: A Better Method
) of +23.1%.
Web communications and content management solution provider Sonic
Foundry is widely known for its Mediasite webcasting platform.
The platform enables online information sharing, webcasts and
also improves learning outcomes and overall performance of users.
Recently, Sonic Foundry added some advanced features to its
Mediasite Enterprise Video Platform, which helps in uploading,
managing and distributing all video-based content. With the
newly-added features, users will be able to capture multiple
video signals and stream two or more videos at a time,
automatically extract video content from different sources,
search any content using specific keywords from the huge media
library, share video content and upload video content from mobile
Sonic Foundry also announced a share repurchase program, through
which it can buy back $1.0 million shares of its common stock.
However, the company did not mention any time limit for the
On Apr 25, 2013, Sonic Foundry reported its second quarter
earnings per share of 5 cents, which was 171.4% higher than the
Zacks Consensus Estimate of 7 cents loss per share. The earnings
beat could be attributed to the 8.5% revenue growth and cost
In today's world, efficient communication is critical for better
education, policy/decision making and business growth. Sonic
Foundry's flagship Mediasite takes good care of this requirement
across organizations, educational institutions and government
departments. As importance of communicating, sharing and using
information will continue to grow with the passage of time, we
expect demand for Sonic Foundry's products to ramp.
We are also positive about the company's decision to return
shareholder value through share buybacks as this will boost
earnings and investor loyalty, going forward.
Other Stocks to Consider
Other stocks in the technology industry that are currently
performing well and have solid visibility include
Constant Contact Inc.
), all of which have a Zacks Rank #1 (Strong Buy).
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SONIC FOUNDRY (SOFO): Free Stock Analysis
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