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

10 BRIC Stocks for 2012: SOHU on Top

4. VanceInfo Technologies (VIT) is a China-based information technology solutions provider and a leading offshore software development company. It operates through three business units: R&D Outsourcing Services, IT Services and other solutions and services, including business process outsourcing.

Of the 14 analysts covering the stock, 71% recommend a buy and 21% rate it a hold. Analysts have an average 12-month price target of $14.77 for the stock, about 48.4% higher than the current price, according to a Bloomberg consensus.

For the third quarter of 2011, VIT reported net revenue of $70.3 million, up 25.9% from $59.9 million in the same quarter the prior year. Gross profit surged 18.2% to $24 million from $20.3 million in the year-ago period. For the quarter, net income stood at $3.2 million, or 7 cents per share.

For the fourth quarter, the company estimates net revenue of $84 million, an increase of 41% from the corresponding period in 2010. Non-GAAP diluted EPS is pegged between 19 cents and 21 cents for the fourth quarter, based on 44.2 million total ADS equivalent average shares outstanding.

With customers like Tata Consultancy Services, Wipro, Infosys and HCL Technologies, VIT is trying to outstrip Indian outsourcers with its expertise. The company has announced plans to set up its Australia-New Zealand headquarters in Melbourne, aiming at creating 100 new local jobs by the end of 2012.

7 of 10

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
BIDU $220.46 1.64%
BRFS $20.65 -0.15%
ERJ $30.89 0.68%
MBT $12.05 0.67%
NTES $123.27 0.88%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs