CIRC >>> STRONG BUY 12 Month price target $45
After seeing Circle's new release with clarification and misrepresentation in Dow Jones Newswire, Now I feel better and am accumulating CIRC. Looks like dust will settle with the company's press release and I expect clouds of uncertainty to clear out.
I am strongly accumulating Circle.Com (CIRC) stocks that at between $12-$13. I see this as great accumulation opportunity. I expect CIRC to hit $45 in 12 month period if they execute their business plan aggressively. Some of my past picks have more than doubled (ASKJ, NETP, INTM, CTCH, GNET) and few did not meet my expectations too. I expect CIRC to be rising as its a very professionally managed fastly growing internet company.
With the clients like these and super strong results CIRC is a STRONG BUY at $12 something for long term investors.
Circle (CIRC) customers as found from their website are:
Adidas
Bell Atlantic
Drugstore.com
IBM
MSNBC
Office Depot
Volkswage
Accent Health
Berkeley Systems
British Tourist Authority
City of Boston
EHow
Essential.com
Eve.com
Flooz.com
Gateway
Guiness
HBO.com
HSBC
Imotors
Linuxcare
Microsoft
MIT
Mobil Racing
Net Market
Net Objects
Newsweek
Peugueot
Red Herring
US Senate
Vignett
Wall Street Journal
UPS
E-Trade
AOL (Possibly)
BALTIMORE, Md.--(BUSINESS WIRE)--Oct. 26, 1999--Circle.com (Nasdaq:CIRC - news) today reported record revenues for the quarter ended September 30, 1999.
The company reported net revenues for the quarter ended September 30, 1999 that increased 146% to a record $10.2 million compared with $4.1 million for the same quarter of 1998. Earnings per share (diluted) for the third quarter of 1999 declined to $0.11 (loss) from $0.01 profit in the third quarter of 1998, on a pro forma basis. Earnings per share declined due to investments in infrastructure and growth orientated initiatives.
``We had a very exciting quarter, with some major client wins, including PNC Bank, United Healthcare and Teligent, among others. The fourth quarter started strong with the previously announced win of the National Anti-Smoking Campaign. Now with the creation of tracking stock, our performance can be measured directly against our competitive set,' said Robert Wilke, Chief Executive Officer of Circle.com. ``Our continued pace of new business shows that new clients are attracted to our ability to create, retain, and expand customer relationships on the Web. Through both our proprietary technology, the Dynamic Marketing Environment (DME) and our full suite of Web-enabling services, we do more than create a technology infrastructure - we build market share for our clients.'
``As we continue our rapid growth we remain mindful of the need to invest aggressively to ensure our capacity will keep pace with our client acquisition and that our operational infrastructure remains world class,' said Victor Mandel, Executive Vice President of Finance and Development. ``Our investments will provide our clients with a full range of web solutions and position Circle.com for long-term sustainable growth.'
On October 22, 1999, Snyder Communications shareholders approved the proposal to create a tracking stock in Circle.com, a division of Snyder Communications, Inc. (NYSE:SNC - news). The stock began trading separately from SNC on October 25 on the Nasdaq market under the ticker symbol CIRCV on a ``when issued' basis. On Friday, October 29, Circle.com shares will begin trading on a regular basis on the Nasdaq National Market under the symbol CIRC.
This release includes a pro forma presentation of Circle.com excluding Snyder Communications, Inc. These financial results should be read in conjunction with the financial results of Snyder Communications, Inc. being released today.
Circle.com is a leading provider of complete end-to-end Web solutions with a specialty in customer relationship management systems and Web-enabling services for leading companies. Major clients include: IBM, Bell Atlantic, UPS, Wall Street Journal.com, Talbots.com and E*TRADE. At the end of the third quarter, Circle.com employed approximately 300 people in offices worldwide, and is headquartered in Baltimore, Maryland.
Just my views. |
