Stock on Watch: Network-1 Technologies, Inc. (NTIP)

Company Profile:

Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets. The company owns 33 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system. Its patents also comprise the Cox patent portfolio relating to enabling technology for identifying media content on the Internet; and the quality of service (QoS) patents covering systems and methods for the transmission of audio, video, and data in order to achieve high QoS over computer and telephony networks. The company was formerly known as Network-1 Security Solutions, Inc. and changed its name to Network-1 Technologies, Inc. in October 2013 to reflect the nature of its business. Network-1 Technologies, Inc. was founded in 1990 and is headquartered in New York, New York.

Recent News:

On June 16, 2017, the company announced that its Board of Directors has extended and increased its previously announced share repurchase program pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended, permitting the Company to repurchase up to $5,000,000 of shares of its common stock over the next two years.

Network-1 had revenue of $6,221,000 for the three months ended March 31, 2017 as compared to revenue of $5,190,000 for the three months ended March 31, 2016. It reported net income of $2,268,000 or $0.09 per share (basic and diluted) for the three months ended March 31, 2017 compared with net income of $3,820,000 or $0.16 per share for the three months ended March 31, 2016.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NTIP’s strengths can be seen in its strong growth and strong profitability compared with its peers. Its net income and revenue have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator, RSI stands at 52.76 with positive bias. We rate Network-1 Technologies, Inc. (NTIP) a STRONG BUY.

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