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Weekly CFO Buys Highlight: TLAX, S, IPT, FOE, NVTL

May 14, 2012 | About:
gurujk

gurujk

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:

Tellabs Inc. (TLAB): Executive Vice President and CFO Andrew B. Szafran Bought 200,000 Shares

Executive Vice President and CFO of Tellabs Inc. (TLAB) Andrew B. Szafran bought 200,000 shares on 05/04/2012 at an average price of $3.73. Tellabs helps the world's communications service providers build tomorrow's converged networks of voice, data and video. Tellabs Inc. has a market cap of $1.4 billion; its shares were traded at around $3.73 with and P/S ratio of 1.1. The dividend yield of Tellabs Inc. stocks is 2.1%.

Tellabs’ fourth quarter 2011 revenue totaled $317 million, compared with $410 million in the year-ago quarter. On a GAAP basis, Tellabs recorded a net loss of $5 million or 1 cent per share in the fourth quarter of 2011, compared with a net loss of $11 million or 3 cents per share in the fourth quarter of 2010.

Executive Vice President and CFO Andrew B. Szafran and Director Vincent D. Kelly bought shares of TLAB stock.

Sprint Nextel (S): CFO Joseph J. Euteneuer Bought 100,000 Shares

CFO of Sprint Nextel (S) Joseph J. Euteneuer bought 100,000 shares on 05/01/2012 at an average price of $2.55. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel has a market cap of $7.16 billion; its shares were traded at around $2.48 with and P/S ratio of 0.2.

Sprint Nextel Corp. reported a net loss of $863 million and a diluted net loss of $.29 per share for the first quarter of 2012. This compares to a net loss of $439 million and a diluted net loss of $.15 per share in the first quarter of 2011.

President and CEO Daniel Hesse and CFO Joseph J. Euteneuer bought shares of S stock.

iParty Corp. (IPT): CFO David E. Robertson Bought 76,904 Shares

CFO of iParty Corp. (IPT) David E. Robertson bought 76,904 shares during the past week at an average price of $0.18. iParty Corp. is a party goods retailer that operates iParty retail stores and licenses the operation of an Internet site for party goods and party planning. iParty Corp. has a market cap of $3.9 million; its shares were traded at around $0.2 with and P/S ratio of 0.1.

iParty Corp. reported financial results for its first quarter of fiscal year 2012, which ended on March 31, 2012. Consolidated revenues totaled $15.8 million for the first quarter of 2012, a 4.4% increase compared to the first quarter of 2011. The company reported a net loss of $1.2 million for the first quarter of 2012, compared to a net loss of $1.5 million for the first quarter of 2011.

Chairman and CEO, 10% Owner Sal Perisano, CFO David E. Robertson, and Senior Vice President Merchandise and Marketing, 10% Owner Dorice Dionne bought shares of IPT stock.

Ferro Corp. (FOE): Vice President and CFO Jeffrey L. Rutherford Bought 40,000 Shares

Vice President and CFO of Ferro Corp. (FOE) Jeffrey L. Rutherford bought 40,000 shares on 05/08/2012 at an average price of $4.93. Ferro Corp. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. Ferro Corp. has a market cap of $428.9 million; its shares were traded at around $5.15 with a P/E ratio of 10.8 and P/S ratio of 0.2.

Ferro Corporation announced net sales of $466 million for the three-month period ended March 31, 2012, compared with net sales of $573 million in the first quarter of 2011. Net sales for the three months ended March 31, 2012, were $466 million, a decline of 19 percent from net sales of $573 million in the first quarter of 2011.

Vice President and CFO Jeffrey L. Rutherford bought shares of FOE stock.

Novatel Wireles (NVTL): Senior Vice President Finance and CFO Kenneth Leddon Bought 25,000 Shares

Senior Vice President Finance and CFO of Novatel Wireles (NVTL) Kenneth Leddon bought 25,000 shares on 05/08/2012 at an average price of $2.01. Novatel Wireless Inc. is a provider of wireless data modems and software for use with handheld computing devices and portable personal computers. Novatel Wireless has a market cap of $97.7 million; its shares were traded at around $2.24 with and P/S ratio of 0.2.

Novatel Wireless Inc. reported preliminary financial results for the first quarter ended March 31, 2012. GAAP net loss was $37.9 million for the quarter.

Senior Vice President Finance and CFO Kenneth Leddon and Senior Vice President and CTO Slim S. Souissi bought shares of NVTL stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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