5 Companies Hit 52-Week Highs

Recently, multiple companies have all managed to achieve yearly highs

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Mar 20, 2018
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According to GuruFocus list of 52-week highs, these guru stocks have reached their 52-week highs.

VeriSign Inc. (VRSN, Financial) reached the 52-week high of $125.92

VeriSign Inc. is a part of the internet content industry. It provides domain name registry and internet security for websites and enterprises around the world. VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic and also provides DNS security solutions to detect malware and thwart DDoS attacks to maintain web uptime. VeriSign generated 61% of its 2014 sales from the U.S., while the remainder was split among EMEA (18%), Asia-Pacific (13%) and other countries (8%).

The price of VeriSign Inc. (VRSN, Financial) shares has reached $125.92, which is 1.0% off the 52-week high of $127.24. Verisign Inc has a market cap of $12.23 billion; its shares were traded around $125.92 with a P/E ratio of 34.12 and P/S ratio of 13.42. Verisign Inc. had an annual average earnings growth of 27.80% over the past 10 years. GuruFocus rated Verisign Inc. the business predictability rank of 4-star.

VeriSign Inc. (VRSN, Financial) recently reported revenue of $296 million for the fourth quarter of 2017, up 3.2 percent from the same quarter in 2016. Verisign reported net income of $103 million and diluted earnings per share of 83 cents for the fourth quarter of 2017, compared to net income of $106 million and diluted earnings per share of 84 cents for the same quarter in 2016. The operating margin was 59.7% for the fourth quarter of 2017 compared to 59.0% for the same quarter in 2016.

Citrix Systems Inc. (CTXS, Financial) reached the 52-week high of $95.13

Citrix Systems Inc. provides virtualization, networking and cloud infrastructure solutions. It provides a complete and integrated portfolio of application delivery, virtualization, mobility, network delivery and file sharing solutions. Citrix Systems Inc provides enterprise-level virtualization software products. Its core virtualization suite includes the legacy XenDesktop product for desktop virtualization, XenApp for application virtualization and XenMobile for mobile device management. The company also provides delivery networking solutions, most notably the application delivery controller NetScaler.

The prices of Citrix Systems Inc. shares have reached $95.13, which is 1.9% off the 52-week high of $96.96. Citrix Systems Inc. has a market cap of $12.95 billion; its shares were traded around $95.13 with and P/S ratio of 5.23. Citrix Systems Inc. had an annual average earnings growth of 11.60% over the past 10 years. GuruFocus rated Citrix Systems Inc. the business predictability rank of 4-star.

Citrix Systems Inc. reported recently financial results for the fourth quarter ended Dec. 31, 2017. For the fourth quarter of fiscal year 2017, Citrix achieved revenue from continuing operations of $778 million, compared to $735 million in the fourth quarter of fiscal year 2016, representing 6% revenue growth. Net loss from continuing operations for the fourth quarter of fiscal year 2017 was $284 million, or $1.93 per diluted share, compared to net income from continuing operations of $179 million, or $1.13 per diluted share, for the fourth quarter of fiscal year 2016.

Executive Chairman Robert Calderoni sold 62,237 shares of Citrix Systems stock on March 12 at the price of $95.78 per share. The price of the stock has decreased by 0.68% since.

Adobe Systems Inc. (ADBE, Financial) reached the 52-week high of $225.55

Adobe Systems Inc. offers a line of software and services for content creation and the measurement of digital advertising and marketing. Its software applications includes Photoshop and Lightroom, Adobe Analytics, Media Optimizer and Campaign Manager. Adobe develops and sells software and services for content creation and the measurement of digital advertising and marketing. The company is organized into three business segments: digital media, which includes numerous applications housed in Creative Cloud, such as Photoshop and Lightroom; digital marketing, which includes Adobe Analytics, Media Optimizer and Campaign Manager; and print and publishing.

The price of Adobe Systems Inc. shares has reached $225.55, which is 1.5% off the 52-week high of $228.88. Adobe Systems Inc. has a market cap of $111.27 billion; its shares were traded around $225.55 with a P/E ratio of 59.99 and P/S ratio of 14.66. Adobe Systems Inc. had an annual average earnings growth of 4.80% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 2.5-star.

Adobe recently reported strong financial results for its first quarter fiscal year 2018 ended March 2, 2018. Financial highlights include:

-Adobe achieved record quarterly revenue of $2.08 billion in its first quarter of fiscal year 2018, which represents 24% year-over-year revenue growth.

-Diluted earnings per share was $1.17 on a GAAP-basis, and $1.55 on a non-GAAP basis.

-Operating income grew 50% and net income grew 46% year-over-year on a GAAP-basis; operating income grew 43% and net income grew 64% year-over-year on a non-GAAP basis.

-Cash flow from operations was $990 million, and deferred revenue grew 25% year-over-year to approximately $2.57 billion.

Western Digital Corp. (WDC, Financial) reached the 52-week high of $106.45

Western Digital Corp. is the global leader in the hard disk drive market. The company develops, manufactures and provides data storage solutions to consumers, businesses and governments. The company's product portfolio includes hard disk drives, solid-state drives and public and private cloud data center storage solutions. Western Digital's SanDisk acquisition positions the company as a broad-based provider of media-agnostic storage solutions.

The price of Western Digital Corp. shares has reached $106.45, which is 0.5% off the 52-week high of $106.96. Western Digital Corp. has a market cap of $31.68 billion; its shares were traded around $106.45 with a P/E ratio of 87.25 and P/S ratio of 1.60. The trailing 12-month dividend yield of Western Digital Corp. stocks is 1.88%. The forward dividend yield of Western Digital Corp. stocks is 1.88%. Western Digital Corp. had an annual average earnings growth of 11.10% over the past 10 years.

Western Digital Corp. recently reported record revenue of $5.3 billion for its second fiscal quarter ended Dec. 29, 2017. Operating income was $955 million with a net loss of $823 million, or $2.78 per share. The GAAP net loss for the period includes a provisional net tax charge of $1.6 billion primarily due to the repatriation tax as a result of the Tax Cuts and Jobs Act. Excluding this charge and after other non-GAAP adjustments, the company achieved record non-GAAP operating income of $1.4 billion and non-GAAP net income of $1.2 billion, or $3.95 per share. In the year-ago quarter, the company reported revenue of $4.9 billion, operating income of $545 million and net income of $235 million, or 80 cents per share. Non-GAAP operating income in the year-ago quarter was $995 million and non-GAAP net income was $675 million, or $2.30 per share.

CEO Stephen D. Milligan sold 53,264 shares of Western Digital Corp. stock on March 12, 2018, at the price of $100.12 per share. The price of the stock has increased by 6.32% since.

Zoetis Inc. (ZTS, Financial) reached the 52-week high of $84.60

Zoetis Inc. is a developer and manufacturer of drugs providing medicines for animal health and vaccines for livestock and companion animals. Its products are anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals. Zoetis Inc. sells anti-infectives, vaccines, parasiticides, diagnostics and other health products for animals. The firm earns the majority of its revenue from production animals (cattle, pigs, poultry and so on) but also sells companion animal (dogs, horses, cats) products. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

The prices of Zoetis Inc. shares have reached $84.60, which is 1.1% off the 52-week high of $85.54. Zoetis Inc has a market cap of $41.05 billion; its shares were traded around $84.60 with a P/E ratio of 48.34 and P/S ratio of 7.86. The trailing 12-month dividend yield of Zoetis Inc. stocks is 0.52%. The forward dividend yield of Zoetis Inc. stocks is 0.60%. Zoetis Inc had an annual average earnings growth of 14.90% over the past five years.

Zoetis Inc. recently reported its financial results for the fourth quarter and full year 2017 and provided full year guidance for 2018. The company reported revenue of $1.5 billion for the fourth quarter of 2017, which was an increase of 14% compared with the fourth quarter of 2016. Net income for the fourth quarter of 2017 was $81 million, or 16 cents per diluted share compared with $154 million and 31 cents per diluted share in the fourth quarter of 2016. Adjusted net income for the fourth quarter of 2017 was $341 million, or 69 cents per diluted share, an increase of 47%. Adjusted net income for the fourth quarter of 2017 excludes the net impact of $260 million for purchase accounting adjustments, acquisition-related costs and certain significant items.

Executive Vice President Roman Trawicki sold 8,568 shares of Zoetis stock on March 9, 2018 at the price of $83.10 per share. The price of the stock has increased by 1.81% since.

Note: I do not own the stocks discussed.