This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech's Top IPOs of 2010

Smart Technologies

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Smart Technologies (SMT - Get Report), which produces interactive whiteboards for classrooms, was the largest IPO in the U.S. year-to-date when it priced in July.

The Calgary-based company raised $660 million -- around 10% more capital than it expected. Smart Technologies priced at $17, at the middle of its expected range of $16 to $18.

But despite a promising start, Smart's stock has suffered since going public. Shares have tumbled more than 40% for the year. Last month, RBC Capital Markets downgraded the stock from outperform to sector perform.

The company missed analyst expectations during its most recent quarter, posting revenue of $222.7 million, behind consensus of $234 million.

Smart Technologies also sharply cut its revenue guidance for the March 2011 fiscal year to a range of $770 million to $805 million, down from a prior range of $850 million to $885 million.

Although Smart Technlogies stumbled this year, tech watchers are expecting a brighter 2011.

"This is clearly a company investing in the future and though near-term headwinds persist in the U.S., we believe the company is poised to continue to capture share and resume 15-20% annual growth," Piper Jaffray analyst Troy Jensen wrote in a recent analyst note.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MOTR $1.92 -0.52%
QLIK $35.30 0.00%
QNST $5.65 0.00%
RLD $12.56 0.00%
SMT $1.17 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs