(LIOX) - Over the past two months analysts have adjusted their numbers by 12.5%. Two analysts bumped up their estimates for this year

Lionbridge Technologies exceeded earnings estimates in its latest quarter by 100% and has also seen this year's estimates increase over the past two months. Over that time period, analysts have adjusted their numbers by 12.5%. Two analysts bumped up their estimates for this year. Full Analysis Lionbridge Technologies, Inc. (LIOX) is a leading provider of globalization, testing and application development services that enable customers to create and manage technology applications and enterprise content in various languages. Lionbridge's globalization services include internationalization, software localization, application development, translation, and multilingual content management. The testing services not only assist customers in controlling support costs but they also identify and rectify problems relating to usability of a product. Further, Lionbridge s product certification and benchmark testing services help independent software vendors to verify that their products conform to standards and quality. The company maintains more than 50 solution centers in 25 countries and provides services under the Lionbridge and VeriTest brands. Lionbridge is shifting more work to China and India, where wages are lower, and the company has completed the integration of its India operation. This should help the company grow its bottom line in coming quarters. Recently, Lionbridge added a new solution center in India, and is in the process of hiring 200 developers, test engineers, and project managers. This India expansion should help to further reduce costs. In addition, Lionbridge has acquired a larger, more diverse client base, which should help to smooth out revenue fluctuations, making planning somewhat easier. The company exceeded earnings estimates in its latest quarter by 100% and has also seen this year's estimates increase over the past two months. Over that time period, analysts have adjusted their numbers by 12.5%. Two analysts bumped up their estimates for this year. The stock is relatively thinly traded, but has six analysts following the stock. LIOX is currently trading at 19.6x next year's estimate of 40 cents per share, slightly below the company's projected long-term growth rate of 20%, giving the stock a PEG ratio of 0.98. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home