Avigilon used to be a Saul stock until they stopped concentrating on earnings to grow revs instead. Well, they hit the $500M run rate goal they set a while ago. I continued to hold (not a smart move so far, I might add) to see if they actually would focus on profitability once they got there, and it looks like they might.
From the release:
“With our revenue goal met, we plan to continue growing with a stronger focus on increasing profitability.”
Hoping to hear more on the conference call.
Here is the release:
I would think they will go up tomorrow as revs increased 32% and even through eps only went up 5% YOY, the estimate was for $.07 and they came in at $.21