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Primecap Management Increases Positions in Guidance Software Inc.

July 06, 2011 | About:
gurufocus

gurufocus

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Primecap Management increased its position in Guidance Software Inc. (GUID) by 17.8% at the average price of $8.1 on 07/06/2011, as reported in the latest 13G filings by Primecap Management. He owns 2,549,100 shares of the company.

Guidance Software Inc. is recognized worldwide as the industry leader in digital investigative solutions. The company has a market cap of $205 million; its shares were traded at around $8.1 with and P/S ratio of 2.2.

Primecap Management has been steadily increasing their positions in Guidance Software since 2008. As of the third quarter 2008, the management company owned 492,000 shares of Guidance Software. Since then, they have traded several times each year in the company, and now own over 2.5 million shares.

Director Jeff Lawrence bought 2,500 shares of GUID stock on 03/17/2011 at the average price of 7.68. Jeff Lawrence owns at least 17,500 shares after this. The price of the stock has increased by 5.47% since. Director Stephen C Richards sold 3,000 shares of GUID stock on 05/12/2011 at the average price of 7.66. Stephen C Richards owns at least 52,905 shares after this. The price of the stock has increased by 5.74% since.

Guidance Software recently reported its first quarter 2010 results. The company reported revenue of $23.6 million, an increase of $4.2 million, or 22 percent, from $19.4 million in the first quarter of 2010. Product revenue was $9.6 million, an increase of $1.2 million, or 13 percent, from $8.4 million in the first quarter of 2010.

Guidance Software President and Chief Executive Officer Victor Limongelli said, "We kicked off 2011 with a strong start, delivering record first quarter revenue. The strength of our revenue growth reflects continued solid demand for our EnCase® software, as well as our professional services offerings. Demand for our EnCase Enterprise platform increased markedly, resulting in 45 new EnCase Enterprise customers, compared to 20 in the first quarter of 2010. We look forward to building upon this positive momentum throughout the course of the year."

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gurufocus
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Comments

Adib Motiwala
Adib Motiwala - 3 years ago
When was the last time this company was profitable?

When i see a statement that reads growth in revenues but does not mention profits, I wonder why....

"_Guidance Software recently reported its first quarter 2010 results. The company reported revenue of $23.6 million, an increase of $4.2 million, or 22 percent, from $19.4 million in the first quarter of 2010. Product revenue was $9.6 million, an increase of $1.2 million, or 13 percent, from $8.4 million in the first quarter of 2010."

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