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Symmetricom Inc. Stock Upgraded (SYMM)

NEW YORK (TheStreet) -- Symmetricom (Nasdaq:SYMM) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 22.9%. Since the same quarter one year prior, revenues rose by 18.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • SYMM has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.91, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has significantly increased by 831.15% to $8.07 million when compared to the same quarter last year. In addition, SYMMETRICOM INC has also vastly surpassed the industry average cash flow growth rate of 11.21%.
  • 43.00% is the gross profit margin for SYMMETRICOM INC which we consider to be strong. Regardless of SYMM's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, SYMM's net profit margin of 3.60% is significantly lower than the same period one year prior.
  • SYMMETRICOM INC's earnings per share declined by 28.6% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, SYMMETRICOM INC reported lower earnings of $0.03 versus $0.05 in the prior year. This year, the market expects an improvement in earnings ($0.37 versus $0.03).

Symmetricom, Inc. provides timekeeping technologies, instruments, and solutions worldwide. Its Communications business unit provides timing technologies and services for communications infrastructure. The company has a P/E ratio of 43.6, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Symmetricom has a market cap of $254.3 million and is part of the technology sector and telecommunications industry. Shares are up 11.3% year to date as of the close of trading on Friday.

You can view the full Symmetricom Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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