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Interested in the high growth prospects of the wireless communications industry? For a closer look at some interesting wireless names, we ran a screen.

We screened the wireless communications industry for stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period. This indicates strong liquidity as well.

Interactive Chart: Press Play to compare changes in market cap over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks are poised to move higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Portugal Telecom SGPS SA (NYSE:PT): Provides telecommunications services in Portugal, Brazil, and Africa. Market cap at $4.98B, most recent closing price at $5.42. Revenue grew by 82.27% during the most recent quarter ($1,731M vs. $949.69M y/y). Accounts receivable grew by -43.41% during the same time period ($1,936.3M vs. $3,421.67M y/y). Receivables, as a percentage of current assets, decreased from 38.64% to 20.65% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

2. Telular Corp. (NASDAQ:WRLS): Designs, develops, and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines primarily in the United States and internationally. Market cap at $133.49M, most recent closing price at $8.23. Revenue grew by 13.4% during the most recent quarter ($13.71M vs. $12.09M y/y). Accounts receivable grew by -25.32% during the same time period ($5.81M vs. $7.78M y/y). Receivables, as a percentage of current assets, decreased from 32.73% to 24.82% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

3. Knology, Inc. (NASDAQ:KNOL): Provides video, voice, data, and advanced communications services to residential and business customers in the southeastern and midwestern United States. Market cap at $752.71M, most recent closing price at $19.48. Revenue grew by 4.64% during the most recent quarter ($129.29M vs. $123.56M y/y). Accounts receivable grew by 0.48% during the same time period ($37.68M vs. $37.5M y/y). Receivables, as a percentage of current assets, decreased from 39.27% to 29.24% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

4. United States Cellular Corporation (NYSE:USM): Operates as a wireless telecommunications service provider in the United States. Market cap at $3.39B, most recent closing price at $39.52. Revenue grew by 3.31% during the most recent quarter ($1,092.12M vs. $1,057.09M y/y). Accounts receivable grew by -3.13% during the same time period ($397.64M vs. $410.47M y/y). Receivables, as a percentage of current assets, decreased from 35.34% to 31.63% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 4 Wireless Stocks With Strong Receivable Trends