INGATE

From The Sip Trunking Experts

TMCNet:  Globes, Tel Aviv, Israel, Shlomi Cohen column [Globes, Tel Aviv, Israel]

[December 03, 2012]

Globes, Tel Aviv, Israel, Shlomi Cohen column [Globes, Tel Aviv, Israel]

(Globes (Tel Aviv) Via Acquire Media NewsEdge) Dec. 03--We shall soon bid farewell to 2012, which from beginning to end has been fraught with economic crises and geopolitical threats of one kind or another, most of them still unresolved. Despite the steep "wall of worry", the stock indices have managed to climb upwards, and it looks as though the year will produce pretty good returns. As the new year approaches, it's worth starting to examine which of the stocks for which 2012 was a lost year is likely to provide a pleasant surprise in 2013.


Today, I will focus on three Israeli stocks, in different technological niches, which in my view look attractive for next year, after failing to break through this year, each for its own unique reasons. The three are Radware Ltd. (Nasdaq: RDWR), ClickSoftware Technologies Ltd. (Nasdaq: CKSW), and Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI).

To judge from trading volumes, Radware is no longer on the radar of US investors, who have kept their distance from it after the peaks it broke following rumors two years ago that it would be sold. When load balancing is in the headlines, as it has been recently, following Cisco's (CSCO) abandonment of that niche, investors skip over Radware as though it didn't exist and chiefly remember the two market leaders, F5 (FFIV) and Citrix Systems (CTXS).

But Radware is alive and kicking, and not just in the traditional field of load balancing -- directly, and via Juniper (JNPR) and others -- but also in security solutions, which have become critical for every enterprise. Following an agreement signed in the summer, Radware enjoys close collaboration with Check Point Software Technologies Ltd. (Nasdaq: CHKP), which today sells Radware's solutions for preventing attacks, and even by the current quarter the revenue from that agreement should be substantial.

Some of the world's biggest online trading companies, reckoned as the leaders last Cyber Monday, rely on Radware security solutions. At a share price of $32, a market cap of $700 million, more than $250 million net cash, and projected earnings per share of over $2 next year, Radware today is a very good buy.

ClickSoftware -- the giants are interested Dealing with the mobility of workers in enterprises was something that ClickSoftware started to do long before Apple (AAPL) launched the iPad, which is today's ideal end-user device for ClickSoftware's solutions, making those solutions seem sexier for the enterprise. Altogether, the wide field of mobility has lately become a main target market for the giant software companies, such as Germany's SAP, which is a large ClickSoftware distributor.

ClickSoftware will cross the $100 million sales line this year, which is something that small software houses always find hard to do, and when they succeed, there is usually substantial acceleration in the years following. Analysts see the company approaching sales of $120 million next year, and the profit line should grow considerably, after being hit this year by high investment in research and development, as part of a strategic plan to enter new markets.

ClickSoftware currently has a market cap of $235 million, giving a sales multiple of around 2, which is low for a software company of its kind. It has more than $50 million net cash, and alongside a fall in development expenses its cash flow will accelerate, and earnings per share are expected to jump by 60 percent next year, to around $0.50.

Nova -- customers are boosting budgets The third recommended stock is Nova Measuring Instruments, in the semiconductor equipment field, currently traded at a low market cap of $200 million. Its sales are expected to rise above the $100 million line next year, it has nearly $100 million in cash, it is profitable, and it looks to me as though its market will return to growth in 2013. It is therefore one of the cheapest and most attractive Israeli stocks around today.

Among other things, Nova is a large provider of advanced metrology solutions to the world's biggest semiconductor contractor, TSMC (TSM) of Taiwan, which is the only one of the major semiconductor manufacturers to have announced substantial growth in its investment budget for next year. According to UBS, which monitors TSMC's announcements to the stock exchange in Taiwan, Nova has recently received orders from the company of around $17 million.

TSMC's huge investment budget, which will benefit Nova and others, is earmarked for increasing the production capacity of its 28 nano lines, mainly for mobile processors produced by Qualcomm, which has Apple as its largest customer.

In addition, next year, TSMC will invest in initial infrastructures for the next generation 20 nano lines -- and there are rumors that it will also prepare the infrastructure for making iPhone and iPad processors for Apple from 2014, processors that are currently produced by Apple's great rival Samsung.

___ (c)2012 the Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel) at www.globes.co.il/serveen/globes/nodeview.asp fid=942 Distributed by MCT Information Services

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.