Will ChinaCache Join the China Party?
After one of the biggest IPO gains back in 2010 and comparisons to Akamai Technologies (NASDAQ: AKAM ) , ChinaCache (NASDAQ: CCIH ) has mostly toiled in obscurity the last three years. While the content and application delivery network provider has struggled with sustainable profits, the company continues to generate fast growth having recently regained a 30% growth level again.
With China tech stocks from Qihoo 360 Technology (NYSE: QIHU ) to Badiu surging this year as 3G mobile services increase the Internet reach in China, ChinaCache has gotten some market interest, but the stock still trades far below normal multiples for a fast-growing tech stock.
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Disclosure: Long CCIH and BIDU. Please review the disclaimer page for more details.