The five best performing stocks on the Zacks #1 Rank List last week were: LaBranche & Co. Inc. (
LAB), Open Text Corporation (
OTEX), Multi-Fineline Electronix, Inc. (
MFLX), Gilead Sciences, Inc. (
GILD) and Novo Nordisk A S (
NVO).
LaBranche & Co. Inc. (
LAB) has experienced a 50% rise in earnings estimates for this year over the past month. The company was featured as an Aggressive Growth Stock of the Day at Zacks.com on Jan 28. LAB was a top-performing Zacks #1 Rank company for the week ended Jan 30 as shares advanced 13.2%.
The company recently announced fourth-quarter net income per share of 41 cents on a pro forma basis, compared to 4 cents in the year-ago period. Furthermore, the result beat the consensus estimate by more than 140%.
Open Text Corporation (OTEX) is a Focus List stock that reported a solid fiscal second-quarter performance last week, which included a year-over-year gain in total revenue of 14% to $207.7 million. Earnings per share also advanced from the previous year, while also eclipsing the consensus by approximately 10.7%. The company has an excellent record of surpassing Wall Street's quarterly profit expectations, amassing an average surprise of more than 9.7% over the past 4 quarters.
OTEX made the Zacks #1 Rank Top Performers List for last week as shares gained almost 10%. In reaction to the quarterly performance, analysts have boosted earnings estimates for the fiscal year ending June 2009 by 7% over the past 7 days. Expectations have increased by 15% over the past 3 months. OTEX is the world's largest independent provider of Enterprise Content Management (ECM) software.
