2 Israeli Stocks That Could Light Up Your 4th of July
Written by: Aaron Katsman | June 30, 2008
Aaron Katsman
IsraelNewsletter.com
With the 4th of July approaching, IOI would like to present a couple of Israeli stocks for your Independence day celebration. As you make the final preparations for your bar-b-que, after buying the hamburgers and the beer, you may consider doing some research and adding these 2 Israeli stocks to your shopping list.
Check Point Software Technologies (CHKP), which is the global leader in internet security, has started focusing on selling higher priced products. The company also just received an upgrade from Lehman Brothers.
According to the AP report: “Israel Hernandez said the Internet security software company is now selling higher-priced branded items and unveiling new products, and he added that demand will remain strong because security is a priority to Check Point’s customers. He said the Redwood City, Calif. company should report strong revenue growth in the next few quarters as it begins selling more appliances.”
He raised his price target to $30, which is more than 25% higher than the current price. We recently speculated as to the potential of Check Point takeover. Even Barron’s followed our lead, and wrote a similar piece. Some of our readers thought that we were spot on and some thought we were nuts. Vote here to let us know what you think.
Shares in ClickSoftware Technologies (CKSW) provider of workforce and service management software products and solutions, have been pounded over the last year. While the company has had a couple of recent earnings misses, they still have the potential to achieve 20-25% revenue growth for ‘08, and recently reiterated their guidance. Keep in mind that this is a micro-cap stock so investors should be able to withstand the volatility associated with ClickSoftware. For investors looking for a Micro-cap turnaround story with a leading technology, you may want to do some research on ClickSoftware.
Happy 4th!
Disclosure: Author’s fund has a position in CHKP and CKSW. He has no position in any other stock mentioned as of 6/30/08.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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little bit ahead of themselves. While we’re disappointed, the company is continuing to perform and still expects 20-25% revenue growth in 2008. The backlog was strong, over $25 million at the end of 2007.
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