Wave Systems Corp. (fka WAVXQ)

[Countryboy]

Seven Stocks To Invest In Software And Programming

By: iStockAnalyst | Jun 23, 2011 | Stocks: ADBE, EBIX, IGTE, MSFT, MSTR, WAVX,

Yesterday, markets were engulfed in a bear grip. All the major indices and sectors logged sizable losses.

Out of the 214 communication equipment stocks that are generally tracked, prices of 73 stocks increased, 133 decreased end eight remained unchanged. So, the breadth was not so encouraging. Out of those 214 stocks, we will pick seven stocks that can be fairly termed ‘bullish' in the next three to twelve months.

Percentage change in share prices ranged from a gain of15.06 percent - Sky mobi Ltd (ADR) (Nasdaq :MOBI) to a loss of 10.07 percent - Wave Systems Corp. (Nasdaq:WAVX). Absolute change in price ranged from a loss of $2 - Adobe Systems Inc. (Nasdaq:ADBE) - to a gain of $4.38 (MicroStrategy Inc. (Nasdaq:MSTR).

Red Hat Inc. (NYSE:RHT) is an automatic choice (kindly look at ‘Should you invest in Red Hat, Inc. (NYSE:RHT)' article). We will examine the outliers (MOBI, WAVX, ADBE, and MSTR) to see if they present any investment or trading opportunities. MOBI doesn't pass the cut as it is a micro cap company.
Wave Systems Corp.

Yesterday WAVX closed trading at $2.68, compared with a 52-week range of $1.76 to $5.31.

Wave Systems Corp. provides client and server software for hardware-based digital security. The company reduces the complexity, cost and uncertainly of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a leading expert in this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

I favor this stock for three reasons. One, the company continues to invest aggressively in both sales and marketing and R&D initiatives aimed at building Wave's product portfolio and sales pipeline while also growing global awareness of the benefits of trusted computing solutions. Second, the company can play a key role in the implementation of the Obama administration's ‘National Strategy for Trusted Identities in Cyberspace'. Three, in the next few months I expect the stock to beat analysts' consensus one year target price of $6

http://www.istockanalyst.com/finance/story/5250084/seven-stocks-to-invest-in-software-and-programming#