TSYS http://seekingalpha.com/article/795921-5-com

TSYS

http://seekingalpha.com/article/795921-5-comp...urce=yahoo

3. TeleCommunication Systems ( TSYS ) is a world leader in highly reliable and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Government agencies utilize TCS' cyber security expertise and professional services for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world.

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Insider buys

• Reza Jafari purchased 10,000 shares on May 29 and currently holds 30,787 shares of the company. Mr. Jafari joined the TeleCommunication Systems board of directors in August 2010.


• Richard Young purchased 10,000 shares on May 22 and currently holds 373,586 shares of the company. Mr. Young serves as Executive Vice President and Chief Operating Officer and is a member of Board of Directors.

Financials The company reported second-quarter financial results on July 26 with the following highlights:

Outlook

Tom Brandt Senior Vice President and Chief Financial Officer commented during second-quarter earnings call:

Management has updated full year guidance for EBITDA in the range of $47 million to $51 million. We expect that adjusted net income for the full year 2012 will be in the $18 million to $23 million, or $0.32 to $0.39 using 50 million shares.

My analysis

The stock surged after the second-quarter earnings report. I believe the next resistance for the stock could be at $2 level.