Expect China’s ZOOM to zoom
Zoom Technologies made a big acquisition, and recently reported a stellar quarter.
Written by Douglas Estadt
Based in China, Zoom Technologies (ZOOM), is a fast-growing mobile phone company that manufactures, develops and sells electronic and telecommunication products. Having recently acquired Leimone Culture, a new brand of sleek handsets that now offer CCTV streaming content, Zoom is quickly delivering outstanding profits. For the fourth quarter of 2009, they reported :
- Net revenue of $51.82 million, up 31% over 2008; Revenue increases of 135% over last year to $189.06 million
- Net income growth of 121% year over year to $6.24 million
- A price to earnings ratio slightly over 5
- A total of 100,000 proprietary “Leimone” brand phones sold
A profitable 2009 and promising numbers for 2010 indicate long-term success. Zoom has already exceeded expectations for 2010, with reports showing that:
- For the full year 2010, expected net revenue is to be between $240 and $260 million.
- Net income in range of $10.5 million to $11.5 million
- "Leimone" brand phone sales have topped 700,000 units
- A capacity of 10 million units for Electronic Manufacturing Service (EMS) customers
To hear more about zoom, view the video below:To have some of your risk capital autotraded for you on Covestor Investment Management, see my model here.
Visit Wall Street Media. We feature exclusive insights from the world's leading transparent investors.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
These hot movers could rise by double digits in coming months.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.