Long Idea

I would like to profile Acme Packet here $APKT. I will attempt to combine fudamentals with technicals. Below is the annual income statement. What I really like is the rapidly growing operating margins over the past 3 years ( operating income/net sales) Normally with that kind of growth, the growth rate of SG and A and COGS expenses will grow at a similar pace, but the growth of those expenses is very contained relative to the operating margins, and the revenue growth. Using normalized 3 year growth rates, there is a speculative target based on these metrics of a 52 dollar target, but that is speculative. I'm young and new at this. Probably not very good, but this is my first post incorporating fundamentals. I am still learning. Below is the Income statement for $APKT. I realize that there are many many metrics with which to measure value/growth, please realize and don't judge me too harshly here, as this is a "feeler position". Thanks.Again, please note, I based these numbers on the past three years:


Revenue
231.23 141.46 116.36 113.05 84.07
Total Revenue
231.23 141.46 116.36 113.05 84.07

Cost of Revenue, Total
41.13 27.28 24.67 23.11 18.0
Gross Profit
190.1 114.18 91.69 89.94 66.07

Selling/General/Administrative Expenses, Total
88.14 65.95 54.44 44.6 29.39
Research & Development
35.57 28.2 23.05 20.81 13.5
Depreciation/Amortization
0.0 0.0 0.0 0.0 0.0
Interest Expense (Income), Net Operating
0.0 0.0 0.0 0.0 0.0
Unusual Expense (Income)
0.22 -3.19 0.0 0.0 0.0
Other Operating Expenses, Total
0.0 0.0 0.0 0.0 0.0
Operating Income
66.18 23.22 14.21 24.53 23.18



Now below is some technical analysis of $APKT. ( decent, in my humble opinion)

Breaking out of falling channel, inverse head and shoulders neckline meets horizontal resistance at 40 bucks, measured move to 55. additional HR at 45