Posts Tagged ‘security stocks’

China Security and Surveillance Technology, Inc. (CSR)- Buzz Stock of the Day

Monday, July 26th, 2010

Shares of China Security and Surveillance Technology, Inc. (NYSE: CSR) were up almost 13 percent from Friday’s closing price in morning trading on Monday after the company posted strong second quarter earnings thanks in part to large scale government projects, increased demand, and improved margins.

The Shenzhen-based China Security and Surveillance Technology, Inc. reported second quarter net income of $17.81 million, or 23 cents per diluted share, marking a 174 percent increase in net income and a 76.9 percent increase in diluted earnings per share. Revenues for the quarter increased 18.6 percent to $168.35 million, over the prior year.

Analysts on average were expecting earnings of 23 cents a share on revenue of $177.8 million, according to Thomson Reuters I/B/E/S.
“Our results demonstrate the great strength of CSST’s assets and our ability to execute with focus and discipline,” said Guoshen Tu, Chairman and CEO of China Security and Surveillance Technology, Inc. in a statement. “Revenues and earnings growth continue to be solid, our margin improvement is encouraging, major growth and cost initiatives are on track, and we continue to execute on large-scale government projects from safe cities and e-cities in China.”

For fiscal 2010, the company reaffirmed its earnings forecast of $1.12 a share to $1.16 a share on revenue of $830 million to $850 million.

Analysts on average are expecting earnings of $1.10 a share, on revenue of $817 million.

“Underneath the terrific industry demand for surveillance and safety products and services in China, we’re optimistic about CSST’s prospect to continue to lead the industry in China,” said Tu. “We believe our market leadership extends across the industry’s broadest portfolio of products and services in China. Our scale and reach in China will provide meaningful and sustainable competitive advantages for us to capitalize on in the years ahead. Together with our sharp focus on high-growth initiatives, we have a tremendous set of assets and an impressive record in terms of executing and delivering on targets. I am very confident in our ability to deliver strong results in 2010.”

EF Johnson Technologies, Inc. (EFJI) – Buzz Stock of the Day

Monday, June 21st, 2010

Shares of communications service provider, EF Johnson Technologies, Inc. (Nasdaq: EFJI) were up 40 percent from Friday’s close in morning trading on Monday after the company announced that an affiliate of Francisco Partners will acquire all of the outstanding shares of EF Johnson Technologies’ common stock for $1.50 per share in cash. The new offer represents a 42 percent increase over the $1.05 per share cash purchase price contemplated by the parties’ original merger agreement previously announced on May 17, 2010.

The merger was unanimously approved by EF Johnson Technologies’ board of directors.


“Our amended merger agreement with Francisco Partners provides increased all-cash premium value to our stockholders and reflects Francisco Partners’ strong commitment to the transaction,” said Michael E. Jalbert, Chairman of the Board and Chief Executive Officer of EF Johnson Technologies, Inc. in a statement. “We are proud of the value we have delivered to our stockholders through this amended merger agreement, and are excited to work closely with Francisco Partners to complete the transaction as expeditiously as possible.”

EF Johnson Technologies’ communications product portfolio includes Project 25 compliant two-way radios, P25 compliant trunked and conventional infrastructure systems, voice encryption modules for all brands of analog two-way radios, and FIPS 140-2 Validatedâ„¢ secure wireless broadband, mesh and WLAN solutions. The company’s customers include the US Army, US Air Force, US Navy, US Department of Homeland Security, US Coast Guard, and FEMA, to name a few.

Shares of EFJI are up about 53 percent over the past three months.