High Growth, Kept Promises: GlobalScape is a Bargain

| About: GlobalSCAPE, Inc (GSB)

GlobalSCAPE (NYSEMKT:GSB) is at a bargain price now. It has announced great quarterly earnings recently (6.4 million, an increase from a year ago of 2.4 million) - then took a nose dive down!

The company's current growth rate is close to 50% while its forward PE is a 10. This thinly traded technology stock swings widely based on market moods (irrational at times).

Management follows through on what they say will do. They pre-announced a major win - and then announced a DOD contract. They pre-announced a move to American Exchange - and then made the move; the company's new stock symbol is GSB (it was GSCP.OB). The company has ZERO debt (which is very healthy). They made smart acquisition of AVAIL in 2006 and are now adding to the revenue and earnings growth.

Disclosure: Author has a long position in GSB

GSB 1-yr chart