Stock To Watch: Comverse Technology (CMVT)

Looking for stocks to watch? Following the footsteps of one of the markets greatest contrarian investor’s stock picks could pay huge dividends. Making a name for himself by short-selling the British pound in 1992, billionaire philanthropist, George Soros, recently took a  large stake, 14.7 million shares, in Comverse Technology Inc. (NASDAQ: CMVT). Co-founder of Quantum Fund, Soros increased his stake in Google, Inc. (NASDAQ: GOOG) as well increasing tech stocks to 23.7% of his portfolio in the Q4.

A leading provider of BSS, mobile internet and value-added services, Israeli-based Comverse Technology has more than two billion subscribers in more than 125 countries. CMVT is currently loaded with debt, $2.2 billion, mainly from the $950 million acquisition of Witness Systems in 2007.

CMVT Key Statistics
Stock Statistics Valuation Highlights
52-Week High
(Jun 1, 2011)
7.99 Market Cap
52-Week Low
(Jan 13, 2012)
5.90 Enterprise Value
(Feb 20, 2012)
50-Day Moving Average 6.37 Price/Sales
200-Day Moving Average 6.65 Price/Book
Avg Vol
(10 day)
2.56M Fiscal Year Ends Jan 31
Float 173.66M Most Recent Quarter
Oct 31, 2011
Shares Short
(as of Jan 31, 2012)
Income Statement
% Held by Insiders 44.50% Revenue (ttm) 1.62B
Balance Sheet Qtrly Revenue Growth
Total Cash
471.61M Gross Profit
Total Debt
601.10M EBITDA
Operating Cash Flow
9.06M Diluted EPS


Last week, CMVT was recognized with the 2011 Stratecast Communications Service Provider (CSP) Billing Global Product Line Strategy Award by leading business research and market consultancy, Stratecast | Frost & Sullivan.

Comverse ONE Billing & Active Customer Management solution, the company’s flagship BSS offering, provides complete BSS functionality across IT, the network (including policy) and CRM, accelerates time to revenue, and enhances business agility by removing complexity.

It remains unique as the only single-system approach to BSS convergence with a unified architecture based on a single data model and a single product catalog. A modular approach allows its customers to utilize the functionality needed now, with the ability to expand into new functional areas over time.

CMVT YTD Stock Chart:

Comverse, a subsidiary of Comverse Technology, Inc., ranked number 55 in PwC’s Global 100 Software Leaders based on research by Pierre Audoin Consultants.

Following contrarian investors never hurts. Conduct your own due diligence on CMVT before making any investment decisions

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