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4 Top Software Stocks To Kick Off 2012

Monotype Imaging

Share price: $14.75

Monotype Imaging potential acquisition of the font technology component of Bitstream (BITS) would strenghten its intellectual property, allowing the company to grow faster, notes Canaccord's Davis.

The analyst firm believes that a deal could add at least 2 cents per share to the imaging software specialist's earnings in 2012, and 7 cents in 2013. With roughly half of the company's revenues tied to royalties from high-end laser printers, there is the potential for revenue risk should the economy slow down. The firm does note that new initiatives, such as Web Fonts, GUIs, display imaging technologies for new platforms could help accelerate organic growth.

It sees the potential for shares hitting $18 over the next six months, 22% higher than current levels.

Shares have lost 5.52% year-to-date, but have gained 21.64% over the past year.

Monotype Imaging is expected to report earnings on Feb. 16, and is expected to report earnings of 23 cents per share on $31.62 million in revenue.

Interested in more on Monotype Imaging? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends.

-- Written by Chris Ciaccia in New York

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