Expectations for Infosys Technologies Ltd. (NASDAQ:INFY): $0.40 EPS and $909 Million Revenues; next quarter $0.44 EPS and $982 Million Revenues.
If you outsource IT or if you utilize overseas programmers in a very large company, chances are that if you aren’t using Infosys Technologies you have at least run across or received a bid proposal from them. Its annual 2005 revenues (March-end) were only $1.59 Billion, and now the company is within striking distance of $1 Billion in revenues per quarter.
Options traders appear braced for close to a $2.00 move in either direction, although shares are down 1.6% today and that number might be off compared to closer-to-strike trading yesterday. Unfortunately, even with the stock down close to 2% today, the shares are in the higher-end of a recent trading band. The average price target for the research firms with buy/outperform ratings is close to $63.00, almost $10.00 north of today’s level.
Infosys’ 52-week trading range is $37.15 to $61.25 and shares are now basically flat compared to 90-days ago.
Jon C. Ogg
July 10, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
