Premier Global Services (PGI) provides cloud-based solutions that enable virtual meetings through video, voice, mobile, web streaming and file sharing technologies. PGI began transitioning its business toward a software-as-a-service (SaaS) model in 2011, and ever since has established itself as an industry leader in business collaboration software. The company has a global presence in 25 countries on five continents, with an established base of over 40,000 enterprise customers, including 75% of the Fortune 100. Over the last four years, PGI has hosted nearly one billion people from 137 countries in over 200 million virtual meetings.
The company has also expanded its business offerings through acquisitions. In September, the company acquired ACT Teleconferencing, Inc., a global provider of integrated conferencing solutions. The deal gives PGI a solid base of new enterprise customers who are already interested in its type of services. It’s most recent acquisition of Via-Box, a European-based conferencing and collaboration provider, will give PGI a good foothold to cross-sell its products.
With the SaaS products showing impressive growth and solid guidance, PGI appears well on its way to regaining its footing after stumbling earlier in the year. The company’s earnings quality is good, and it generates significant free cash flow that should help to reduce debt and buy back stock.
So there are four stocks that have solid breakout potential in 2014.
Remember, the key to successfully investing in low-priced stocks is to do your homework and separate the losers from the winners. Truth be told, some low-priced stocks are cheap because they deserve to be.
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