Do a history of Zacks...their picks have always outperformed the market...heck, they are up nicely now in this UGLY environment.....anyway, they just had some nice things to say about one of my favorites...
Here is a synopsis of why these stocks have a Zacks Rank of 1 (Strong Buy):
Foundry Networks, Inc. (FDRY, Trade) provides next-generation networking products for enterprises and service providers, such as high-performance, end- to-end switching and routing devices. The company has been under pressure due to soft equipment sales to the telecommunications industry and weak spending for corporate information technology, which sent earnings and revenue down in the second quarter compared to a year ago. However, its earnings result still beat the Street and, more importantly, captured the attention of analysts. In response to the economic downturn, FDRY decided to focus on selling to the enterprise business market, which is considered in better shape than other sectors. Furthermore, the company's technology was recently used to upgrade the network backbone of the Amsterdam Internet Exchange, one of Europe's largest Internet exchange points. Analysts like what they see and as such have raised estimates by a nickel for this year in just the past month, along with a boost of six cents for next year. With rising estimates and a stabilized share price, FDRY looks like one of the healthier technology stories on the market. |
