StockIceMan's Weekly Stock Pick
Week of
June 20, 2005
| Stock: |
iPass, Inc.
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| Ticker Symbol: |
IPAS - Nasdaq - Internet Software
and Services |
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| Buy: |
5.75 to 6.00 |
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| Sell: |
9.00 |
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|
Info: |
iPass, Inc. provides
software-enabled enterprise connectivity
services for mobile workers worldwide. The
company’s primary service offering, iPass
Corporate Access, enables its customers the
ability to provide global dial-up, wired
broadband, and wireless access to their mobile
workers from approximately 150 countries to the
enterprise’s internal networks through an
easy-to-use interface. It also provides
deployment services and technical support
throughout the term of the contract. In
addition, it also provides iOQ, which enables
enterprises’ in-house or outsourced help desk
personnel to identify issues and troubleshoot
connection problems; ExpressConnect service that
enables enterprises to realize the benefits of
the company’s enterprise connectivity services;
Wireless local area network roaming; Device ID,
which provides network security through device
authentication; and Mobile Lifecycle Management
Suite that enables enterprise customers to
discover, secure, and manage their laptops,
desktops, and handheld devices from any location
via a single management console. The company
sells its services directly through its sales
force and through channel partners, which
consist of network service providers, systems
integrators, and value-added resellers. iPass,
Inc. was founded in 1996 and is headquartered in
Redwood Shores, California. |
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| Financial Info: |
For the 3 months ended
3/31/05, revenues increased 8% to $44.1million.
Net income decreased 13% to $4.1million. |
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| Key Ratios: |
Current
Ratio: 8.17, Total Debt/Equity:0.00, Trailing
P/E: 21.46x, Forward P/E: 15.46x, Price/Book:
1.77, Price/Sales:
2.22 |
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| Share Info: |
There are 63.31
million shares outstanding with 53.86
million shares in the trading
float. Institutions own
approximately 53.90% of the shares outstanding.
There have been no insider purchases and 15
insider sales totaling 332,500 shares in the last six months.
Real-Time SEC
Filings
As of 5/10/2005, there were 3.04 million shares short.
Net Institutional Buying: : 5.656 million
shares prior to latest
quarter. |
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| Articles: |
Secure Computing Chooses
iPass for Secure Connectivity |
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