According to
GuruFocus Insider Data
, these are the largest CFO buys during the past week. The
overall trend of CFOs is illustrated in the chart below:
Tellabs Inc. (
TLAB
): Executive Vice President and CFO Andrew B. Szafran Bought
200,000 Shares
Executive Vice President and CFO of Tellabs Inc. (
TLAB
) Andrew B. Szafran bought 200,000 shares on 05/04/2012 at an
average price of $3.73. Tellabs helps the world's communications
service providers build tomorrow's converged networks of voice,
data and video. Tellabs Inc. has a market cap of $1.4 billion;
its shares were traded at around $3.73 with and P/S ratio of 1.1.
The dividend yield of Tellabs Inc. stocks is 2.1%.
Tellabs' fourth quarter 2011 revenue totaled $317 million,
compared with $410 million in the year-ago quarter. On a GAAP
basis, Tellabs recorded a net loss of $5 million or 1 cent per
share in the fourth quarter of 2011, compared with a net loss of
$11 million or 3 cents per share in the fourth quarter of 2010.
Executive Vice President and CFO
Andrew B. Szafran
and Director
Vincent D. Kelly
bought shares of TLAB stock.
Sprint Nextel (
S
): CFO Joseph J. Euteneuer Bought 100,000 Shares
CFO of Sprint Nextel (
S
) Joseph J. Euteneuer bought 100,000 shares on 05/01/2012 at an
average price of $2.55. Sprint Nextel offers a comprehensive
range of wireless and wireline communications services to
consumer, business and government customers. Sprint Nextel has a
market cap of $7.16 billion; its shares were traded at around
$2.48 with and P/S ratio of 0.2.
Sprint Nextel Corp. reported a net loss of $863 million and a
diluted net loss of $.29 per share for the first quarter of 2012.
This compares to a net loss of $439 million and a diluted net
loss of $.15 per share in the first quarter of 2011.
President and CEO
Daniel Hesse
and CFO Joseph J. Euteneuer bought shares of S stock.
iParty Corp. (
IPT
): CFO David E. Robertson Bought 76,904 Shares
CFO of iParty Corp. (
IPT
) David E. Robertson bought 76,904 shares during the past week at
an average price of $0.18. iParty Corp. is a party goods retailer
that operates iParty retail stores and licenses the operation of
an Internet site for party goods and party planning. iParty Corp.
has a market cap of $3.9 million; its shares were traded at
around $0.2 with and P/S ratio of 0.1.
iParty Corp. reported financial results for its first quarter of
fiscal year 2012, which ended on March 31, 2012. Consolidated
revenues totaled $15.8 million for the first quarter of 2012, a
4.4% increase compared to the first quarter of 2011. The company
reported a net loss of $1.2 million for the first quarter of
2012, compared to a net loss of $1.5 million for the first
quarter of 2011.
Chairman and CEO, 10% Owner Sal Perisano, CFO David E. Robertson,
and Senior Vice President Merchandise and Marketing, 10% Owner
Dorice Dionne bought shares of IPT stock.
Ferro Corp. (
FOE
): Vice President and CFO Jeffrey L. Rutherford Bought 40,000
Shares
Vice President and CFO of Ferro Corp. (
FOE
) Jeffrey L. Rutherford bought 40,000 shares on 05/08/2012 at an
average price of $4.93. Ferro Corp. is a worldwide producer of
specialty materials for industry by organic and inorganic
chemistry. Ferro Corp. has a market cap of $428.9 million; its
shares were traded at around $5.15 with a P/E ratio of 10.8 and
P/S ratio of 0.2.
Ferro Corporation announced net sales of $466 million for the
three-month period ended March 31, 2012, compared with net sales
of $573 million in the first quarter of 2011. Net sales for the
three months ended March 31, 2012, were $466 million, a decline
of 19 percent from net sales of $573 million in the first quarter
of 2011.
Vice President and CFO Jeffrey L. Rutherford bought shares of FOE
stock.
Novatel Wireles (
NVTL
): Senior Vice President Finance and CFO Kenneth Leddon Bought
25,000 Shares
Senior Vice President Finance and CFO of Novatel Wireles (
NVTL
) Kenneth Leddon bought 25,000 shares on 05/08/2012 at an average
price of $2.01. Novatel Wireless Inc. is a provider of wireless
data modems and software for use with handheld computing devices
and portable personal computers. Novatel Wireless has a market
cap of $97.7 million; its shares were traded at around $2.24 with
and P/S ratio of 0.2.
Novatel Wireless Inc. reported preliminary financial results for
the first quarter ended March 31, 2012. GAAP net loss was $37.9
million for the quarter.
Senior Vice President Finance and CFO Kenneth Leddon and Senior
Vice President and CTO Slim S. Souissi bought shares of NVTL
stock.
For the complete list of stocks that bought by their CFOs, go to:
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