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02/11/2005 Ulticom (ULCM)
Strong fundamentals and good support in the $12.50 to $13.00 range make ULCM worth watching.
After appearing in our Advanced Undervalued Stock Screen for several
weeks, we thought ULCM merited a closer look. 70% of Ulticom's shares
are held by insiders, with most of the rest being held by institutional investors. Consequently it may be a little volatile for some in the short-term. Some very mild insider selling of stock acquired via exercised options (less than 0.6% of the insider net holdings) occurred in the last six months, but institutional holdings increased 6%.
With a healthy cash pile and balance sheet, regular positive quarterly cash flow, and a strong business with in-demand products in a significant technology sector, ULCM is surely one to watch.
As recently as September 2004, ULCM pulled upwards out of a long consolidation in the $9-$12 range and proceeded to hit a shade over $19. Since then a decline on declining volume has occurred towards support around $13. A break above $15 on stronger volume would perhaps confirm that the long consolidation is indeed over.
With a healthy cash pile and balance sheet, regular positive quarterly cash flow, and a strong business with in-demand products in a significant technology sector, ULCM is surely one to watch.
As recently as September 2004, ULCM pulled upwards out of a long consolidation in the $9-$12 range and proceeded to hit a shade over $19. Since then a decline on declining volume has occurred towards support around $13. A break above $15 on stronger volume would perhaps confirm that the long consolidation is indeed over.