CTSH & NUAN Soar

CTSH Came out swinging
* Sales up 65%, and 5% above expectations
* Earnings up 21% and beat expectations by 7%

They also raised guidance for the next year by 5%.
This really validates my faith in the world's economic strength.

Meanwhile, CTSH rose 8%
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NUAN
* Sales up 75%, beating expectations by almost 3%
* Earnings up ~100% and beat expectations by ~30%

They rose 4% in after hours.

My main concern now is that the March quarter is the last opportunity to show a big earnings surge. That is, adjusted earings for the Jan/March quarters was $0.07 and $0.14 for the Jun/Sept quarters. So, if NUAN is seeing quarterly EPS of ~$0.15, then that's a 100% growth next quarter and then maybe 30% growth thereafter.

That's not a bad thing. The forward EPS will be ~$0.55 and that's a forward P/E of 22. So it is still fairly valued, but it is no longer phenomenally undervalued.

We may set a sell order of $13 and hope that it gets there