Intuitive Surgical, Inc. (ISRG), Baidu.com, Inc. (ADR) (BIDU) & More: 5 Stocks That May Be Bottoming Out

Boingo Wireless is another busted IPO. The public Wi-Fi provider went public two years ago. It wasn’t as hot an IPO as Millennial Media. In fact, Boingo has never traded above its IPO price tag of $13.50 a share. However, things have gone from bad to worse at Boingo.

After coming through with consistently profitable quarters in its brief public tenure, analysts see Boingo posting back-to-back quarterly deficits on declining revenue to kick off the first half of this year.

It’s OK. The company with a whopping 600,000 hotspots is approaching 2013 as a year of transformation. Boingo sees increased traffic as a result of smartphone users avoiding the now limited wireless carrier data plans, and it’s investing in expanding its network capacity.

The numbers don’t look pretty right now, but the picture should look better later this year as Boingo returns to profitability.

Finally, we have EZchip Semiconductor. It’s also in a year of transition. Orders from the company that once was its largest customer have fallen sharply, but that has been more than offset by a healthy spike in orders from the world’s leading networking hardware company.

EZchip seems to be doing right by most accounts. It posted better-than-expected earnings every single quarter last year, and analysts see sharp double-digit growth in revenue in net income in the near future. The shares are simply out of favor. EZchip’s fundamentals, thankfully, are not out of favor.

Keep reaching for the stars
I know I won’t be right on many of these. If the market weakens further there’s little to stop these companies from hitting even fresher 52-week lows down the line.

However, these five stocks are attractively priced right now. Somebody has to call bottom — so why not me?

The article 5 Stocks That May Be Bottoming Out originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz owns shares of Millennial Media. The Motley Fool recommends Baidu and Intuitive Surgical. The Motley Fool owns shares of Baidu and Intuitive Surgical.

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