Business Services Industry

Zacks Upgrades and Revisions Strategy Highlights: AsiaInfo Holdings, Salesforce.com, IRIS International and j2Global Communications.

Business Wire, March 24, 2009

CHICAGO -- Earnings estimate revisions are the most powerful force impacting stock prices. Couple that with the proven benefits of upgrades in ratings from brokerage firms and you have a strategy that delivered a 23.3 return in 2006. Four stocks meeting this screen’s exclusive criteria are: AsiaInfo Holdings Inc. (NASDAQ: ASIA), Salesforce.com (NYSE: CRM), IRIS International Inc. (NASDAQ: IRIS) and j2 Global Communications, Inc. (NASDAQ: JCOM). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844

Here are details on four companies currently identified by the Upgrades and Revisions Profit Track:

AsiaInfo Holdings Inc. (NASDAQ: ASIA) earned its place on this profit track with a Zacks #2 Rank and an EPS surprise of 33.33%. In the fourth quarter, ASIA’s year-over-year net earnings increased to 20 cents per share from 15 cents, while analysts expected 15 cents. For the first quarter of 2009, the company expects net revenue to be in the range of $43 million to $45 million, which is a 40% to 46% increase from last year. ASIA is a leading provider of Internet infrastructure, total solutions and software in China.

Salesforce.com (NYSE: CRM) qualifies for this profit track with historical EPS growth of 20.51% over the past 5 years and a recent EPS surprise of 57.14%. The screen calls for 5-year historical EPS growth greater than 17% and an EPS surprise of greater than 10% in its most recent quarter. CRM’s fourth-quarter EPS amounted to 11 cents, compared to 6 cents a year earlier. The Zacks #2 Rank is the market and technology leader in on-demand business services.

IRIS International Inc. (NASDAQ: IRIS) enjoys 5-year historical EPS growth of 26.28% and a Zacks #2 Rank. For the fourth quarter, the company reported earnings of 18 cents, which exceeded analysts’ expectations of 16 cents. IRIS expects earnings of about $102 million for fiscal year 2009. The company is a leader in automated urinalysis technology with systems in major medical institutions throughout the world.

j2 Global Communications, Inc. (NASDAQ: JCOM) is a Zacks #2 Rank company that reported solid fourth-quarter earnings of 45 cents per share, marking an EPS surprise of 15.38%. JCOM satisfies this screen’s parameters with a per share price of $19.02 and a historical EPS growth rate 25.47% over the past 5 years. JCOM provides enhanced value-added messaging and communications services.

Discover all the current stocks currently on the Upgrades and Revisions Profit Track at: http://at.zacks.com/?id=1869

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 56.5% followed by the Discounted Fundamental screen with a 34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838.

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=4616

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4617

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

 

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