5 Companies Hit 52-Week Highs

Recently, multiple companies have all managed to achieve yearly highs

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Mar 13, 2018
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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-week highs.

Autodesk Inc. (ADSK, Financial) reached the 52-week high of $139.36

Autodesk Inc. is engaged in the software industry. It develops software for a number of markets such as construction and media. Autodesk is a leading provider of computer-aided design software. The company was founded on its flagship product, AutoCAD, in 1982. Since then, Autodesk has built a broad product portfolio catering to multiple industries such as architecture, engineering, construction, manufacturing and media. The company serves more than 12 million professional users in more than 160 countries.

The price of Autodesk Inc. shares has reached $139.36, which is 0.5% off the 52-week high of $140.00. Autodesk Inc. has a market cap of $30.7 billion; its shares were traded around $139.36 with and P/S ratio of 14.87.

Autodesk Inc. reported recently financial results for the fourth quarter of fiscal 2018. Highlights include:

-Revenue was $554 million, an increase of 16% compared to the fourth quarter last year as reported, and on a constant currency basis.

-Total GAAP spend (cost of revenue plus operating expenses) was $736 million, an increase of 14% compared to the fourth quarter last year.

-Total non-GAAP spend was $571 million, an increase of 2% compared to the fourth quarter last year. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.

-GAAP diluted net loss per share was 79 cents, compared to GAAP diluted net loss per share of 78 cents in the fourth quarter last year.

-Non-GAAP diluted net loss per share was 9 cents, compared to non-GAAP diluted net loss per share of 28 cents in the fourth quarter last year.

Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock on March 7, 2018, at the price of $133.11 per share. The price of the stock has increased by 4.7% since.

Qorvo Inc. (QRVO, Financial) reached the 52-week high of $85.51

Qorvo Inc. is a semiconductor product manufacturer. It sells its products to companies engaged in the telecommunication, infrastructure and defense industries. Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged with one another in 2014. The company specializes in radio frequency filters, power amplifiers and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of non smartphone end markets, such as wireless base stations, cable TV and networking equipment, as well as infrastructure and military applications.

The price of Qorvo Inc. shares has reached $85.51, which is 0.0% off the 52-week high of $85.51. Qorvo Inc. has a market cap of $10.82 billion; its shares were traded around $85.51 with a P/E ratio of 407.19 and P/S ratio of 3.71.

Qorvo recently announced financial results for the company's fiscal 2018 third quarter, ended Dec. 30. On a GAAP basis, revenue for Qorvo's fiscal 2018 third quarter was $845.7 million, gross margin was 39.8%, operating income was $80.3 million, or 9.5% of sales, and loss per share was 26 cents. On a non-GAAP basis, revenue for Qorvo's fiscal 2018 third quarter was $844.8 million, gross margin was 48.0%, operating income was $254.3 million, or 30.1% of sales and diluted earnings per share was $1.69.

Vice President and Corporate Controller Gina Harrison sold 1,000 shares of Qorvo stock on March 7, 2018, at the price of $82.83 per share. The price of the stock has increased by 3.24% since.

Workday Inc. (WDAY, Financial) reached the 52-week high of $137.62

Workday Inc. is an SaaS provider offering enterprise resource planning, or ERP, software for medium and large enterprises. The company's product portfolio is built around human capital and financial management software. The firm's roots date back to ERP software vendor PeopleSoft, which was founded by Workday co-founder David Duffield, while fellow Workday co-founder Aneel Bhusri served as vice chairman at PeopleSoft. The company's product portfolio is centered around human capital and financial management software, though it continues to add new applications to the product set. Just over 80% of the firm's revenue comes from the U.S.

The price of Workday Inc. shares has reached $137.62, which is 1.7% off the 52-week high of $139.90. Workday Inc. has a market cap of $28.9 billion; its shares were traded around $137.62 with and P/S ratio of 13.35. Workday Inc. had an annual average earnings growth of 1.70% over the past five years.

Workday Inc. recently announced results for the fourth quarter and full fiscal year ended Jan. 31. Total revenues were $582.5 million, an increase of 32.5% from the fourth quarter of fiscal 2017. Operating loss was $81.3 million, or negative 14.0% of revenues, compared to an operating loss of $88.9 million, or negative 20.2% of revenues, in the same period last year. Non-GAAP operating profit for the fourth quarter was $55.5 million, or 9.5% of revenues, compared to a non-GAAP operating profit of $25.3 million, or 5.8% of revenues, in the same period last year. Net loss per basic and diluted share was 42 cents, compared to a net loss per basic and diluted share of 44 cents in the fourth quarter of fiscal 2017. Non-GAAP net income per diluted share was 28 cents, compared to a non-GAAP net income per diluted share of 16 cents in the same period last year.

CEO Aneel Bhusri sold 75,000 shares of Workday stock on March 2, 2018, at the price of $127.23 per share. The price of the stock has increased by 8.17% since.

Zillow Group Inc. (ZG, Financial) reached the 52-week high of $55.12

Zillow Group Inc. provides real estate and home-related information marketplaces on mobile and web-based platforms. It helps customers on each stage of the home lifecycle such as renting, buying, selling, financing and home improvement. In addition, the company has a complementary portfolio of brands and products built to help individuals find information about homes and connect with local professionals. The company's main product offerings consist of Zillow, Trulia, StreetEasy and HotPads. Revenue for the company is derived from its marketplace and display segments. Marketplace revenue comes as a result of advertising sales to mortgage lenders, property managers and real estate professionals. Revenue from the display segment primarily consists of graphical and mobile web advertising.

The price of Zillow Group Inc. shares has reached $55.12, which is 0.2% off the 52-week high of $55.21. Zillow Group Inc. has a market cap of $10.52 billion; its shares were traded around $55.12 with and P/S ratio of 9.66.

Zillow Group Inc. announced recently its consolidated financial results for the fourth quarter ended Dec. 31. Revenue increased 24% to a record $282.3 million from $227.6 million in the fourth quarter of 2016. GAAP net loss was $77.2 million in the fourth quarter of 2017, or 27% of revenue, compared to GAAP net loss of $23.5 million in the fourth quarter of 2016, or 10% of revenue. Adjusted EBITDA was $70.9 million in the fourth quarter of 2017, or 25% of revenue, which was an increase from $54.7 million in the fourth quarter of 2016, or 24% of revenue.

Verisk Analytics Inc. (VRSK, Financial) reached the 52-week high of $105.05

Verisk Analytics Inc. is a data analytics provider serving customers in insurance, natural resources and financial services. Verisk Analytics Inc. is a data analytics provider offering decision support and risk-management solutions to the financial industry. The company's predictive analytics are used in rating applications, underwriting, claims, catastrophe and weather risk assessment, global risk assessment, natural resources intelligence, economic forecasting and other related fields. Most of Verisk's revenue is based on long-term contracts and subscriptions. The largest end market is the risk assessment sector. Verisk's clients are located primarily in the U.S.

The price of Verisk Analytics Inc. shares has reached $105.05, which is 0.9% off the 52-week high of $106.01. Verisk Analytics Inc. has a market cap of $17.34 billion; its shares were traded around $105.05 with a P/E ratio of 31.93 and P/S ratio of 8.25. Verisk Analytics Inc. had an annual average earnings growth of 10.30% over the past five years.

Verisk Analytics Inc. recently announced results for the fourth quarter ended Dec. 31. Highlights include:

-Revenue grew 12.7% to $570 million in the fourth quarter and 7.5% to $2.15 billion for fiscal year 2017; organic constant currency revenue growth, a non-GAAP measure, was 7.4% in the quarter and 5.3% for fiscal year 2017.

-Net income was $205 million in the fourth quarter and $555 million for the full year; EBITDA was $276 million in the fourth quarter and $1.05 billion for the full year.

-Diluted GAAP earnings per share were $1.22 in the quarter and $3.29 for the full year; diluted adjusted earnings per share, a non-GAAP measure, were $1.34 for the quarter and $3.74 for the full year.

Executive Vice President and Chief Financial Officer Lee Shavel bought 399 shares of Verisk Analytics stock on Feb. 12, 2018, at the price of $94.05 per share. The price of the stock has increased by 11.7% since.

Note: I do not own the stocks discussed.