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    Stock Alert for BroadVision Inc. (BVSN)

    BroadVision Inc. (BVSN) is an innovative provider of e-business and social networking solutions for organizations seeking to grow profitably by improving online business processes through invited participation and social interaction. The Company’s solutions — including Clearvale, the world’s first network of networks for the socially driven enterprise — enable mission-critical e-business for next-generation organizations around the globe. BVSN’s customers include Baker Hughes, Canon, Epson, Fiat, W.W. Grainger, Hilti, Iberia, Indian Railways Catering and Tourism Company, SINA, SoftBank Telecom Corp., Sony, U.S. Navy, Vodafone, and more. 

    Share Statistics (24-Jan-12)   FY

    2009

    FY

    2010

    %

    Chg

    Q3

    2010

    Q3

    2011

    %

    Chg

    Symbol BVSN Revenue, $Mn 30.96 21.82 -29.5% 5.18 4.25 -18.0%
    Current price $33.98 Gross marg. 75.6% 70.9% -6.2% 69.7% 65.2% -6.5%
    52wk Range: $7.82-$44.75 Oper. margin -19.5% -25.8%
    Avg Vol (3m): 817,020 Net margin 12.0% -13.2% -210.0% 28.6% -38.6% -235.0%
    Market Cap. 153.46M              
    Shares Outstanding 4.52M EPS, $ 0.86 -0.52 -160.0% 0.35 -0.36 -202.9%

    Source: Reuters.com, SEC Filings.

    Investment Highlights

    Shares in BroadVision Inc. (BVSN) rallied to a new 52-week high of $44.75 Tuesday, with volume of 3.21 million shares traded.  Continuing gains of the previous three days, BVSN closed the session at $33.99, up 2.23% from the prior day’s closing price.

    Shares of the e-commerce application provider have gained 56.2% in the last five days; 241.6% in the last month; and 182.1% year-to-date.

    BVSN last week announced that its Clearvale enterprise social networking solution has been selected to provide the social business platform for the Digital London Summit.  Organized by Maven Cast and supported by London Mayor Boris Johnson, Digital London is a live and digital summit and showcase connecting digital innovation, technology, and creativity.

    Clearvale-powered Maven Connect will connect delegates, speakers, exhibitors, and sponsors associated with the event in a single collaborative platform for Digital London, the Company said in a statement.  Maven Connect will bring together constituents prior to the physical event to facilitate the sharing of digital assets, advice, and collateral. Designed to foster engagement, Maven Connect will provide a forum for discussion and guidance to complement event topics, and also unite all parties after the event to help shape future agendas.

    “With our ongoing partnership with BroadVision, we are excited to leverage Clearvale to establish communities and underpin the process through the entire lifecycle for all Maven Cast events,” commented Adam Malik, CEO and founder of Maven Cast. “At Digital London, event delegates will benefit from increased value by having a single platform of engagement prior to, during, and after the event so relationships can build and continue post event.”

    BVSN is set to announce its fourth quarter results on Thursday, January 26 at approximately 1:30 p.m. PST.

    Source: http://www.broadvision.com/en/news.php

    Financial Summary

    BVSN reported revenues of $4.2 million for its third quarter ended September 30, 2011.  That compares to revenues of $4.0 million for the second quarter ended June 30, 2011 and $5.2 million for the comparable quarter of 2010.

    On a U.S. Generally Accepted Accounting Principles (GAAP) basis, the Company realized a net loss of $1.6 million, or $0.36 per basic and diluted share, recently reported quarter, as compared with GAAP net loss of $1.5 million, or $0.34 per basic and diluted share, for the second quarter of 2011 and GAAP net income of $1.5 million, or $0.33 per basic and diluted share, for the comparable quarter of 2010.

    Excluding restructuring charges and stock compensation expense, net loss for the third quarter of 2011 was $1.5 million, or $0.33 per basic and diluted share, compared with non-GAAP measure net loss of $1.1 million, or $0.25 per basic and diluted share, in the second quarter of 2011 and non-GAAP measure net income of $1.9 million, or $0.43 per basic and diluted share, for the comparable quarter of 2010.

    Cash and cash equivalents and short-term investments totaled $56.8 million as of September 30, 2011, compared with a combined balance of $60.8 million as of December 31, 2010.

    Source: http://www.broadvision.com/en/investor_information_pr_earningsresults_Q32011.php

    Financial Strength (24-Jan-2012)

    Company

    Industry

    Sector

    S&P 500

    Quick Ratio (MRQ) 2.10 1.12 0.73
    Current Ratio (MRQ) 6.87 2.48 2.70 1.11
    LT Debt to Equity (MRQ) 0.00 11.71 13.79 96.26
    Total Debt to Equity (MRQ) 0.00 14.31 23.64 135.59
    Interest Coverage (TTM) 4.01 1.77 26.20

    Source: Reuters.com, SEC Filings.

    Technical Analysis

    Source: http://stockcharts.com

    BVSN is above the upper Bollinger Band, implying that it is currently extended from its recent trend. Be aware, however, that a cross outside of the Bollinger Bands can sometimes be a signal of trend strength and not, necessarily, trend reversal.

    The MACD for BVSN currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    Jan24-2012 symbol Share, $ $ Mn 2011 2012 2011 2012
    Microsoft Corp. MSFT 29.34 246.19B 10.91 9.81 3.33 3.09
    Open Text Corp. OTEX 49.67 2.87B 10.61 9.46 2.35 2.19
    Oracle Corp. ORCL 28.51 143.29B 12.13 11.14 3.82 3.58
    Internet Software & Services Median       27.50 n/a 1.82 n/a
    BroadVision Inc. BVSN 33.98 153.45M n/a n/a n/a n/a

    Source: Thomson Financial

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