Q: Enghouse just seems to be technically very negative here. I have been waiting for a bounce but would you advise selling at this point?
5i Research Answer:
There has been no news here for nearly two months. It should report the week of March 13 (no set date). Considering the tech sector weakness, its 6% YTD decline is about right, though it is down 26% over 52 weeks. We think it is a bit oversold, and considering its cash position ($274M), valuation (very low for the sector) and (still) growth potential, we would see it more as a HOLD today than a sell or a buy.