Actuate Corporation Stock Upgraded By TheStreet Ratings (BIRT)

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

Actuate Corporation provides software and services for business intelligence and reporting, and performance management applications primarily in North America, Europe, the Middle East, and the Asia/Pacific region. The company has a P/E ratio of 24.6, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 23.1. Actuate has a market cap of $254.8 million and is part of the technology sector and computer software & services industry. Shares are down 3.9% year to date as of the close of trading on Monday.

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

null

More from Markets

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern