Double-Take Software (DBTK): Shares in bullish 'flag'

Filed under: Earnings reports, Microsoft (MSFT), Hewlett-Packard (HPQ), EMC Corp (EMC), Symantec Corp (SYMC), Technical Analysis, Stocks to Buy

Double-Take Software (NASDAQ: DBTK) products and services enable customers to protect and recover computer files. Its software helps users to reduce or eliminate data loss and recover applications, through automatic or manual means. Customers include law firms, financial institutions, hospitals, school districts and government entities. Hewlett-Packard (NYSE: HPQ) and Microsoft (NASDAQ: MSFT) are among the firm's strategic partners. EMC Corporation (NYSE: EMC) and Symantec (NASDAQ: SYMC) are major competitors.

The company surprised the Street last week, when it reported Q1 EPS of 13 cents and revenues of $23 million. Analysts had been looking for 11 cents and $22.2 million. Management also guided Q2 EPS to 15-16 cents (14 cent consensus), Q2 revenues to $24.4-$25 million ($24.44M consensus), FY08 EPS to 65-67 cents (65 cent consensus) and FY08 revenues to $101.7-$103.5 million ($102.29M consensus).

Continue reading Double-Take Software (DBTK): Shares in bullish 'flag'

<map name="google_ad_map_145-1186674"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1186674?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>