Trade-Ideas LLC identified

Gartner

(

IT

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Gartner as such a stock due to the following factors:

  • IT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $44.7 million.
  • IT has traded 4,245 shares today.
  • IT is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in IT with the Ticky from Trade-Ideas. See the FREE profile for IT NOW at Trade-Ideas

More details on IT:

Gartner, Inc., an information technology research and advisory company, provides independent and objective research and analysis on the information technology (IT), computer hardware, software, communications, and related technology industries. IT has a PE ratio of 44. Currently there are 4 analysts that rate Gartner a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Gartner has been 336,400 shares per day over the past 30 days. Gartner has a market cap of $8.1 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.83 and a short float of 3.5% with 5.56 days to cover. Shares are up 8.2% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Gartner as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 8.2%. Since the same quarter one year prior, revenues rose by 18.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • GARTNER INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, GARTNER INC increased its bottom line by earning $2.07 versus $2.02 in the prior year. This year, the market expects an improvement in earnings ($2.78 versus $2.07).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the IT Services industry. The net income increased by 41.7% when compared to the same quarter one year prior, rising from $28.35 million to $40.17 million.
  • Net operating cash flow has significantly increased by 51.50% to $8.58 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 31.53%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.