Why SodaStream International (SODA) Stock Is Spiking Today

NEW YORK (TheStreet) -- Shares of SodaStream International Ltd. (SODA) are climbing higher by 8.10% to $32.18 in mid-morning trading on Wednesday after the company said its second quarter net income was $9.2 million, or 43 cents per diluted share, beating the FactSet Consensus estimate of 30 cents per share.

The company, which develops, manufacturers, and markets home beverage carbonation systems, reported a growth in revenue to $141.1 million, from $132.4 million for the 2013 second quarter.

Revenue was higher than consensus estimate of $140.9 million.

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Separately, TheStreet Ratings team rates SODASTREAM INTERNATIONAL LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate SODASTREAM INTERNATIONAL LTD (SODA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."

SODA ChartSODA data by YCharts


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