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Bull of the Day: Attunity (ATTU)

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Volatility is back in a big way for the stock market. After the mid-term elections, investors thought that the worst was over. Late last week, sellers jumped back into the market and put investors back on edge. For the astute investor, this sort of volatility can be a perfect time to nibble on stocks. That doesn’t mean that you can blindly buy the dip in the market. Looking for stocks with positive earnings estimate revisions during downturns in markets can lead to big profits. One example of a stock with positive revisions is today’s Bull of the Day, Attunity (ATTU - Free Report)

Attunity is a Zacks Rank #1 (Strong Buy) in the Internet Software industry which ranks in the Top 16% of our Zacks Industry Rank. Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

The reason for the favorable Zacks Rank is the series of recent earnings estimate revisions to the upside. Over the last thirty days, two analysts have increased their estimates for the current year and next year. The bullish moves have pushed up our Zacks Consensus Estimate for the current year from 26 cents to 40 cents, while next year’s number has gone up from 32 cents to 49 cents.

The company is coming off a solid quarter where they reported EPS of 20 cents versus expectations calling for just 3 cents. This upcoming quarter, analysts are looking for 9 cents EPS on sales of $23.7 million. That would represent growth of 29.6% this quarter. Current year growth numbers are on pace for 35.2% sales growth on revenues of $83.98 million.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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