Undiscovered Gems? Entegris Inc (ENTG) and Castlight Health Inc (CSLT)
New York, NY – GDP INSIDER – 04/16/2014.
This article discusses two companies: Entegris Inc (NASDAQ:ENTG) and Castlight Health Inc (NYSE:CSLT)
Entegris Inc (NASDAQ:ENTG) resumed its steady climb yesterday with the stock gaining 2.16% or $0.30 to close at $14.16. The manufacturer and supplier of microelectronics and other high tech products has gained a total of 6.23% over the last the month and has been closely tracking and mostly outperforming the S&P 500. The S&P 500 has only gained 1.22% over the same period. With strong quarterly revenue growth of 45.80% year on year, but declining quarterly earnings growth of -54.70%, the stock is something of a conundrum. However, with a strong cash balance of over $300 million and RSI of 62.24, it is likely that the stock will continue to climb a bit further before it levels out. The one year target estimate for the stock is still quite high at $15.92 and is quite achievable, based on its current performance, making it a hold and potential medium term buy at this time.
Castlight Health Inc (NYSE:CSLT) continued to fluctuate yesterday, with the stock gaining 1.07% or $0.08 to close at $7.54 with 0.394 million shares changing hands, compared to its three month average trading volume of 0.752 million. The healthcare information technology solutions provider has been trading between $7.07 and $9.41 for the last month and although the stock is down 35.56% so far this year, it is still trading within quite a wide range. Overall, the company is performing fairly well at the moment with strong quarterly revenue growth of 184.30% year on year and a current ratio of 5.25. Despite relatively low EPS of -$1.59, Castlight Health Inc still has a one year target estimate of $11.00 giving it good investment potential. Despite the positives, the stock just recently passed a bearish MACD crossover and with RSI of 41.08 could go either way. Better to avoid this stock until it stabilizes, rather than buy.
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