ArcSight Continues to Surge

A few weeks ago, I highlighted tiny ArcSight (ARST) of Cupertino, CA:

“This is a great time to add shares of ArcSight to your portfolio. The company is due to report earnings again next month, and I’m expecting more stellar gains. The analyst community currently expects earnings of 13 cents a share. I should point out that’s an enormous 550% gain over the two cents it made last year.

“As impressive as that is, Wall Street may even be low-balling its estimate. Also bear in mind that shares of ArcSight jumped 30% on the day following its last earnings report.

“Shares of ARST have been rallying for most of the last four months, bottoming out in late November and then advancing well over $17! That’s an impressive short-term return, and I expect this stock’s run to continue. ARST is a great buy.”

Earnings are due out on June 11. The stock has been charging since midday Friday.

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