OPNET Technologies, Inc. (OPNT)
Company Description
OPNET provides network management software to optimize performance and availability of communications networks. In contrast to most reactive services, the company offers proactive problem resolution and avoidance.
Estimates are Steady
Over the past month the Zacks Consensus Estimate has been pegged at 23 cents for fiscal 2010 and 41 cents for 2011. This shows a slight dip in EPS this year, but 76% growth next year.
Analyst Coverage
The analyst at Zacks Equity Research had an “Outperform” rating on OPNT with a target price of $12.50. Keep an eye out for up dates now that the target has been hit.
The Chart
Recently tech stocks have been outperforming other areas. In the past month the Nasdaq is up more than 4%, while the S&P is just over 1% and the Dow has a fraction of a percent gain.
Shares of OPNT are trading at 52-week highs after a strong run up following the feature as a Zacks Rank Buy. Take a look at the chart below.
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Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceZacks Investment Research