) hit a 52-week high of $30.71 during the trading session on Dec
9. However, the stock closed the session at $30.16, which
reflects a solid year-to-date return of 67.9%. The average
trading volume aggregated 360,879 shares.
Despite its strong price appreciation, this Zacks Rank #3
(Hold) stock still has enough fundamentals that may further drive
the stock upward. Longer term, the company is excited about the
growth prospects of its newer technology offerings, such as
Unisys Stealth suite of cybersecurity products and investments in
the solution areas.
Unisys has been restructuring its business to improve
profitability. This restructuring strategy includes slashing jobs
to reduce costs, selling non-core businesses and revamping its
sales strategy, while also investing on some higher-growth areas
such as outsourcing. The company is currently concentrating on
business opportunities in fewer, more profitable markets in the
information technology (IT) marketplace.
Unisys is currently focusing more to build specialized
industry skills and resources required to win industry-specific
project opportunities. The company is investing heavily on
developing a team dedicated to pursuing growth opportunities for
application-managed services both for existing and new
Additionally, in order to increase market awareness of its
offerings and drive growth, Unisys is also increasing its
marketing and sales initiatives. Unisys remains bullish about
achieving strong long-term growth from its Technology segment
with new product offerings.
Over the last 30 days, the earnings estimates did not have any
upward or downward revisions for 2013 and 2014. Although there is
a lacuna of estimate revisions, we envision an uptrend for the
stock backed by its strong growth potential.
Other Stocks to Consider
Other stocks that look promising and are worth a look now
CoStar Group Inc
). All these stocks carry a Zacks Rank #2 (Buy).
COSTAR GRP INC (CSGP): Free Stock Analysis
INFOSYS LTD (INFY): Free Stock Analysis
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