Datawatch Corp. (Nasdaq: DWCH) has been moving up sharply in the last two days in anticipation of a strong earnings report on November 17.
DWCH is a profitable low-float (2.4M float), 4.5M cash, no debt, software company that provides Sarbanes Oxley and other hot software solutions.
DWCH has a history of running big into earnings and has gapped a buck or more in the past after earnings.
Analysts expect 6c/share net income vs 5c/share last year. Last quarter Datawatch reached $5.48 up from $3.88 after 3Q 2005 earnings were announced on July 25.