Sapiens results today.
Excellent results, blew away estimates (6c actual vs 1c est), and note the following from the Q report.
''Another major opportunity for us is the single European currency challenge. This month we are launching the Sapiens Euro, a rapid solution that requires little, if any, modification of application source code. With our strong European presence and jumpstart on the competition, I believe that Sapiens is well positioned to succeed in the Euro market. "
If normal SPNSF trading happens, price will rise today then decline over the next week (of course, it may not, All Your own Risk), so buying at the end of this week, or early next week, might be a better bet than jumping in today.
FYI, I am long a majestic 500 shares!
JoeC |
