by Portfolio Grader | August 24, 2012 3:00 pm
For the current week, the overall ratings of three Internet and Web Service stocks are worse, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
Active Network (NYSE:ACTV) ratings are on the decline this week as the company earns an F (“strong sell”). Last week, it received a D (“sell”). Active Network provides organization-based cloud computing applications services to business customers in North America, Europe, and internationally. ACTV also rates an F in Portfolio Grader’s specific subcategory of Equity. The stock price has dropped 23.8% over the past month, worse than the 4.8% increase the S&P 500 has seen over the same period of time. For a full analysis of ACTV stock, visit Portfolio Grader.
Open Text Corp. (NASDAQ:OTEX) is on the decline this week, earning a D (“sell”) after receiving a C (“hold”) last week. Open Text provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The stock also gets an F in Earnings Growth. As of Aug. 24, 15.5% of outstanding Open Text Corp. shares were held short. To get an in-depth look at OTEX, get Portfolio Grader’s complete analysis of OTEX stock.
This week, Carbonite Inc. (NASDAQ:CARB) drops from a D to an F rating. Carbonite, Inc. provides online backup solutions for consumers and small and medium sized businesses. It also provides easy-to-use, affordable, unlimited, and secure online backup solutions that provide anytime, anywhere access to stored files. It supports both the Windows and Mac platforms. The com… The stock gets F’s in Equity and Cash Flow. The stock price has fallen 12.9% over the past month. As of Aug. 24, 10.8% of outstanding Carbonite Inc. shares were held short. For more information, get Portfolio Grader’s complete analysis of CARB stock.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.
Source URL: http://investorplace.com/2012/08/3-internet-and-web-service-stocks-to-sell-now-actv-otex-carb/
Short URL: http://invstplc.com/1fy0kO1
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.