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Weekly: Mercury Computer Systems falls in weak trading with rising open interest



News Bites US Markets
February 19, 2011

Mercury Computer Systems (MRCY.O), NASDAQ's 6th largest Computer Integrated Systems company by market capitalisation, decreased 25.75c (or 1.3%) to US$18.89 in the week ending Friday February 18. Compared with the NASDAQ-100 index which rose 13.3 points (or 0.6%) in the week, this represented a relative price change of -1.9%.

PRICE VOLUME DYNAMICS

Volatility: the stock traded between an intraweek low of US$18.16 and a three-week high of US$19.71.

moving average price (MAP): The price to 200-day MAP ratio is 1.3, a bullish indicator. In the past 200 days this ratio has exceeded 1.3 fifty-two times suggesting further upside. The 50-day MAP of US$18.887 is higher than the 200-day MAP of US$14.542, a bullish indicator. The 200-day MAP has increased to US$14.542. An increase is another bullish indicator.

Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: the price to 50-day EMAP ratio is 1.03, a bullish indicator. In the past 50 days this ratio has exceeded 1.03 31 times suggesting further upside. The 50-day EMAP has increased to US$18.424. An increase is another bullish indicator.

Relativities: in the NASDAQ market the stock has a trailing week relative strength of 27.59 indicating it is trailing 72.41% of the market. In the NASDAQ market of 2,388 stocks traded today, the stock has a 6-month relative strength of 87 which means it is beating 87% of the market.

Volume and turnover period: there were 831,516 shares worth US$15.7 million traded. The volume was 1.4 times average trading of 574,252 shares. The turnover rate in the 12 months to date was 130.4% (or a turnover period of 9 months).

% Discount to high: the last price is at a discount of 9.0% to the 12-month high of US$20.754 one month ago on 26 Jan, 2011.

Rises to Falls: In the last six months the number of rises outnumbered falls 17:10 or 1.7:1.

THIS WEEK'S PRICE PERFORMANCE RANK IN SECTORS

The stock is in 2 sectors.

The stock's fall of 1.3% for the week was in keeping with the trend set by the Computer Integrated Systems sector (rank 12;8 out of 21) which was down 6.9 points or 0.3% to 2,322.7

The stock's fall went against the trend set by the following index and sector (rank by percentage price change of stock for 1 week;12 months in sector/index in brackets):

Total NASDAQ Market (rank 1588;632 out of 2521) which was up 17.4 points or 0.9% to 1,993.0,

NASDAQ-100 index which was up 13.3 points or 0.6% to 2,392.

The Computer Integrated Systems company sector is the 48th largest by market capitalisation out of NASDAQ's 69 sectors. It is made up of 21 publicly listed companies with a combined market capitalisation of US$10 billion. In 2010 earnings for the sector grew 5.9% compared with those of 2009. The main players in the sector include MICROS Systems, Mentor Graphics, Radiant Systems and FARO Technologies.

RELATIVE VALUATION INDICATORS [RVI]

Mercury Computer Systems vs Computer Integrated Systems sector [Computer Integrated Systems sector Average in Brackets]

Better than Sector Average: Return on Equity of 15.8% [2.0%], rank 373 out of 1414; Return on Assets of 12.6% [1.2%], rank 196 out of 1384.

SHAREHOLDER RETURNS

Trailing five weeks: the stock fell fifteen times (60% of the time), rose eight times (32% of the time), was unchanged once (4% of the time) and was untraded once (4% of the time). The volume was 1.95 times average trading of 2,871,260 shares. The value of US$1,000 invested five weeks ago is US$980 [vs US$1,031 for the NASDAQ-100 index] for a capital loss of US$20.

Trailing thirteen weeks: the stock fell thirty three times (51% of the time), rose thirty times (46% of the time), was unchanged once (2% of the time) and was untraded once (2% of the time). The volume was 1.5 times average trading of 7,465,277 shares. The value of US$1,000 invested thirteen weeks ago is US$982 [vs US$1,122 for the NASDAQ-100 index] for a capital loss of US$18.

Trailing Two Years: the value of US$1,000 invested two years ago is US$2,965 [vs US$2,024 for the NASDAQ-100 index] for a capital gain of US$1,965.

FINANCIALS

Quarterly Report; year-on-year comparisons with previous corresponding period:

In the quarter to December 31, 2010 total revenue was up 22.9% to US$55.5 million; net profit growth 150.3% to US$5.2 million.

MARKET SHARE

Mercury Computer Systems vs Computer Integrated Systems sector [Computer Integrated Systems sector Total in Brackets]

Revenue of US$201.1 million[6.3% of Aggregate Sector Revenue of US$3.2 billion; up from 5.9% in the previous year.]

Net Profit of US$28.4 million [42.1% of Aggregate Sector Net Profit of US$67.4 million; up from 0.3% in the previous year.]

EBIT of US$19.1 million [10.7% of Aggregate Sector EBIT of US$178.5 million; up from -5.7% in the previous year.]

MCap of US$418.4 million[4.2% of Aggregate Sector MCap of US$10 billion; up from 4.1% in the previous year.]

FUNDAMENTALS

Earnings: The earnings yield of 6.8% is 1.9 times the 10-year bond yield of 3.6%.

P/S: The price/sales ratio is 2.1.

Price to NTA: The price to net tangible asset backing per share is 3.5.

ISSUED CAPITAL

Based on 22,150,000 issued shares the market capitalisation is US$418.4 million.

ACTIVITIES

Mercury Computer Systems, Inc. (Mercury) designs, manufactures and markets high-performance computer, signal and image processing systems and software for embedded and other specialized computing markets. The Company's primary market segments are aerospace and defense, which includes systems for radar, electronic warfare, sonar, command, control, communications, computers and intelligence and electro-optical; life sciences, which includes systems for medical diagnostic imaging and advanced visualization; semiconductor, which includes systems for semiconductor wafer inspection, reticle inspection and mask writing; geosciences, which includes software for oil and gas exploration, and telecommunications systems. Effective July 1, 2007, the Company had four segments: Advanced Computing Solutions, Visage Imaging, Visualization Software Group and Emerging Businesses Unit. In September 2008, Mercury sold the assets of SolMap Pharmaceuticals, its biotech venture, to FORMA Therapeutics.

REPORTED BUYING AND SELLING

Reported Buying:

September 16: Mercury Computer Systems insider buys

Mercury Computer Systems (MRCY.O) insider Speicher Charles A bought 25,000 shares worth approximately US$322,000 on September 15, 2010. The last price was US$12.90.

Reported Selling:

November 23: Mercury Computer Systems insider sells

Mercury Computer Systems (MRCY.O) insider Aslett Mark sold 12,741 shares worth approximately US$212,775 on November 23, 2010. The last price was USD16.51.

August 20: Mercury Computer Systems insider sells

Mercury Computer Systems (MRCY.O) insider Thibaud Didier M C sold 8,665 shares worth approximately US$95,835 on August 18, 2010. The last price was USD11.01.

August 20: Mercury Computer Systems insider sells

Mercury Computer Systems (MRCY.O) insider Aslett Mark sold 13,383 shares worth approximately US$148,016 on August 18, 2010. The last price was USD11.01.

August 20: Mercury Computer Systems insider sells

Mercury Computer Systems (MRCY.O) insider Hult Robert sold 4,469 shares worth approximately US$49,427 on August 18, 2010. The last price was USD11.01.

BUSINESS NEWS ROUND UP

The last 5 snippets were:

February 11: Mercury Computer Systems Announces Pricing of Public Offering of Common Shares

[News Story] CHELMSFORD, Mass.--(BUSINESS WIRE)-- Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced today the pricing of an underwritten public offering of 4,850,000 shares of its common stock at a price to the public of $17.75 per share, before underwriting discounts and commissions.

October 26: Mercury Computer Systems Reports First Quarter Fiscal 2011 Results

http://ir. mc. com/phoenix. zhtmlc=118140&p=irol-newsArticle&ID=1487448&highlight= Source: Company Website

October 12: Mercury Computer Systems to Report First Quarter Fiscal 2011 Earnings and Host Conference Call on October 26, 2010

CHELMSFORD, Mass., Oct 12, 2010 (BUSINESS WIRE) -- Mercury Computer Systems, Inc. (NASDAQ: MRCY) a trusted ISR subsystems provider, will release its financial results for the first quarter of fiscal year 2011 ended September 30, 2010, on Tuesday, October 26, 2010, after the close of trading on the NASDAQ. Management will host a conference call at 5:00 p.m.

September 16: Mercury Computer Systems Continues to Expand Electronic Warfare Solutions with Offerings for Active EW Domain

CHELMSFORD, Mass., Sep 16, 2010 (BUSINESS WIRE) -- Mercury Computer Systems, Inc. (NASDAQ: MRCY, www. mc. com), a trusted ISR subsystems provider, announced that it is bringing to market an open, standards-based solution for the Active Electronic Warfare (EW) domain.

August 27: Mercury Computer Systems to Present at the Sidoti & Company Ninth Annual West Coast Institutional Investor Forum

CHELMSFORD, Mass.,(BUSINESS WIRE) --Mercury Computer Systems, Inc. (NASDAQ: MRCY) a trusted ISR subsystems provider, announced that it will participate in the Sidoti & Company Ninth Annual West Coast Institutional Investor Forum to be held on September 24, 2010, at the Ritz-Carlton Hotel in San Francisco, California.

Source: www. BuySellSignals. com

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