Electro Scientific Industries Inc. (Nasdaq: ESIO) Shares Rise after Earnings Report

Electro Scientific Industries Inc. – Nasdaq: ESIO

Electro Scientific Industries Inc. shares are up over 10% in after-hours trading after the company released financial results for fiscal 3rd quarter ending Dec. 31, 2016. Electro Scientific Industries Inc. trade on the Nasdaq under ticker ESIO.

Third quarter revenue was $33.8 million, compared to $29.7 million in the second quarter of 2017 and $43.3 million in the third quarter of last fiscal year. GAAP net loss was $9.7 million or $0.29 per share, compared to a net loss of $9.7 million, or $0.30 per share in the second quarter. On a non-GAAP basis net loss was $7.6 million or $0.23 per share, compared to net loss of $7.7 million or $0.24 per share in the prior quarter.

Michael Burger, president and CEO of ESI, said, “We delivered top and bottom line results at the high end of our expectations in the third quarter, as revenues grew 14% sequentially. We also made progress on new product evaluation by customers, the integration of our Visicon acquisition, and repositioning our Micromachining product line for future success.”

Electro Scientific Industries Inc. sales increased from $159.1 million in 2015 to $184.4 million in 2016. ESIO shares lost $1.43 in 2015 but narrowed that loss to $0.39 in 2016. ESIO shares are followed by two firms. One rates ESIO as a “Strong Buy” and the other rates the shares as a “Hold”.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/1/2017
Ticker Symbol ESIO
Last Price a/o 5:38 PM EST  $                      7.48
Average Volume                    155,640
Market Cap (mlns)  $                  213.30
Sales (mlns) $172.20
Shares Outstanding (mlns) 32.47
Share Float (mlns) 31.42
Shortable Yes
Optionable Yes
Inside Ownership 1.90%
Short Float 3.13%
Short Interest Ratio 6.32
Quarterly Return 26.83%
YTD Return 10.98%
Year Return 10.23%

InvenSense Inc. (NYSE: INVN) Shares Down on Rumors of Losing Apple Account

InvenSense Inc. – NYSE: INVN

Rumors that InvenSense may lose its key contract with Apple (Nasdaq: AAPL) plunged the shares by over 10% today. InvenSense is traded on the NYSE under ticker INVN and normal average daily volumes are just over 3.2 million. However, today over 13.6 million shares traded hands. This comes just a few weeks after InvenSense agreed to be purchased by TDK for $13/share. Observers are cautious that the Apple contract loss would endanger the proposed sale of InvenSense. 

San Jose, CA-based InvenSense InvenSense, Inc. develops, manufactures, and sells MEMS (micro electrical mechanical systems) sensor platforms. InvenSense’s vision of Sensing Everything™ targets the consumer electronics and industrial markets with integrated Motion and Sound solutions. Solutions combine MEMS sensors with proprietary algorithms and firmware that intelligently process, synthesize, and calibrate the output of sensors, maximizing performance and accuracy.

InvenSense sales have increased every year since 2012 when it posted $153 million. In 2015 that figure increased to $418.4 million. INVN shareholders have not seen the same gains in EPS. In 2012 INVN posted a gain of $0.39 EPS. However in 2016 INVN posted a loss of $0.23.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/1/2017
Ticker Symbol INVN
Last Price a/o 4:40 PM EST  $                    11.50
Average Volume                3,200,000
Market Cap (mlns)  $              1,090.00
Sales (mlns) $340.00
Shares Outstanding (mlns) 93.97
Share Float (mlns) 93.48
Shortable Yes
Optionable Yes
Inside Ownership 0.40%
Short Float 10.74%
Short Interest Ratio 3.13
Quarterly Return 51.50%
YTD Return -9.38%
Year Return 54.95%

Avid Technologies (Nasdaq: AVID) Up on China Partnership

Avid Technology, Inc. – Nasdaq: AVID

Avid Technology announced today that they have entered into a partnership with their long-time partner in China, Beijing Jetsen Technology. The agreement makes Jetsen the exclusive (master) distributor in Greater China of Avid’s comprehensive tools and workflow solutions for creating, distributing and optimizing media. The news has sent AVID shares, traded on the Nasdaq, up 10% in early trading on heavy volumes.

Jetsen will distribute all Avid products and solutions in Greater China, including mainland China, Hong Kong, Macau and Taiwan, continuing to work closely and directly with Avid’s existing reseller network in the region. Supporting Avid’s strategies for the Greater China market, the agreement with Jetsen enables Avid to deliver on its commitment to providing its client community the most flexible deployment models, licensing options and commercial structures with future cloud and enterprise offerings for the region, as well as more localized and tailored solutions.

Since 2011, Avid Technologies have seen negative growth in both EPS and reported sales. In 2011 AVID sales were $766.9 million. That figure has decreased year-on-year and in 2015 AVID sales were $505.6 million. EPS for AVID shares a similar history – $4.23 in 2011 with decreasing EPS each year and $$0.06 EPS for AVID shareholders in 2015.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 

Sanmina Corp (Nasdaq: SANM) Announces Earnings and Shares Rise

Sanmina Corporation – Nasdaq: SANM

Shares of Sanmina Corporation have trade in the after-market over 7% higher due to a favorable earnings release. For the first fiscal quarter ended December 31, 2016 Revenue for the first quarter was $1.72 billion, compared to $1.67 billion in the prior quarter and $1.53 billion for the same period of fiscal 2016. GAAP operating income in the first quarter was $58.7 million or 3.4 percent of revenue, compared to $54.1 million or 3.5 percent of revenue for the first quarter fiscal 2016. GAAP net income in the first quarter was $44.9 million, compared to $27.1 million for the same period a year ago.  GAAP diluted earnings per share were $0.58, compared to $0.33 in the first quarter of fiscal 2016.

San Jose, CA-based Samina Corporation trades on the Nasdaq under ticker SANM. Sanmina provides end-to-end design, manufacturing and logistics solutions, delivering products and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, computing and storage, medical, defense and aerospace, industrial and semiconductor, multimedia, automotive and clean technology sectors.

SANM is trading well above the analyst consensus price target of $31. Four firms follow SANM and one rates the shares as a “Strong Buy”, one rates the shares as a “Buy”, and two rate SANM as a “Hold”. Reported sales for SANM have been relatively consistent and in 2015 Sanmina reported sales were $6.48 Billion. EPS for SANM was $4.61 in 2014 and $2.50 in 2015.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/30/2017
Ticker Symbol SANM
Last Price a/o 4:20 PM EST  $                    39.85
Average Volume 252,560
Market Cap (mlns)  $              2,730.00
Sales (mlns) $6,480.00
Shares Outstanding (mlns) 74.27
Share Float (mlns) 72.74
Shortable Yes
Optionable Yes
Inside Ownership 1.40%
Short Float 1.92%
Short Interest Ratio 2.65
Quarterly Return 25.17%
YTD Return 0.41%
Year Return 102.31%

Digital Ally (Nasdaq: DGLY) Receives Largest Ever Order and Shares Jump

Digital Ally, Inc. – Nasdaq: DGLY 

Digital Ally has received its largest order in its history and shares, traded on the Nasdaq under ticker DGLY, have responded by gaining over 10%. The order, placed by American Medical Response, is for 1,550 three-camera systems, installation, and cloud storage services that total approximately $2 million.

Stan Ross, Chief Executive Officer of Digital Ally, Inc. stated in a press release “This order demonstrates the importance of our solution to commercial fleets generally and more specifically to emergency medical/ambulance transportation services. Our system provides fleet managers audio/video equipment to easily monitor driver behavior and mitigate liabilities during patient transportation.” 

Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial applications. The Company’s primary focus is digital video imaging and storage. The Company is headquartered in Lenexa, Kansas.

DGLY shares have not had positive EPS in the past five years and in 2015 reported a loss of $2.77. Sales for DGLY increased from $17.4 million in 2014 to $20 million in 2015. To firms follow Digital Ally and both rate DGLY shares as a “Strong Buy” with a consensus price target of $12. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/30/2017
Ticker Symbol DGLY
Last Price a/o 10:46 AM EST  $                      5.35
Average Volume 58,970
Market Cap (mlns)  $                    25.29
Sales (mlns) $18
Shares Outstanding (mlns) 5.38
Share Float (mlns) 4.47
Shortable Yes
Optionable No
Inside Ownership 15.90%
Short Float 14.18%
Short Interest Ratio 10.75
Quarterly Return -22.95%
YTD Return 11.90%
Year Return -16.81%

Rubicon Technologies (Nasdaq: RBCN) Trading Below Cash/Share Figures?

Rubicon Technology, Inc. – Nasdaq: RBCN

Shares of nano-cap Rubicon Technology are trading below published cash-per-share figure which has trading forums buzzing amid reports of increasing volumes. RBCN is traded on the Nasdaq.

Rubicon Technology is an electronic materials provider that develops and manufactures mono crystalline sapphire products in large volume. Rubicon’s products enable multiple, high growth end markets including light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), and blue laser diodes.

No firms have rated RBCN shares since 2014. RBCN shares have experienced increasing EPS losses since 2011 when Rubicon posted an EPS of $1.67. Subsequent years have all been increasing EPS losses with a loss of $2.98 posted in 2015. Sales for Rubicon have also deteriorated from a high of $134 million in 2011 to $23.8 million in 2015. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/27/2017
Ticker Symbol RBCN
Last Price a/o 2:10 PM EST  $                      0.54
Average Volume 91,500
Market Cap $13.4 million
Sales 17.4 million
Shares Outstanding 25.95 million
Share Float 25.94 million
Shortable Yes
Optionable Yes
Inside Ownership 2.60%
Short Float 3.40%
Short Interest Ratio 9.64
Quarterly Return -10.95%
YTD Return -13.92%
Year Return -51.27%

Lantronix Inc. (Nasdaq: LTRX) Up on Heavy Volumes

Lantronix, Inc. – Nasdaq: LTRX

Shares of Irvine, CA-based Lantronix Inc. are up over 20% on heavy volume. LTRX, traded on the Nasdaq, ended Thursday at $1.62 but gapped up on the open to $1.88 and reached a high of $2.19. By mid-day LTRX volumes were over thirteen times their daily average.

Lantronix, Inc. is a global provider of secure data access and management solutions for Internet of Things and information technology assets. Lantronix strives to be the leading supplier of Internet of Things gateways that enable companies to dramatically simplify the creation, deployment, and management of digital-based projects while providing secure access to data for applications and people.

Net revenue for the second quarter of fiscal 2017 increased 18% from the same period in fiscal 2016 and 3% from the first quarter of fiscal 2017. Sales of the company’s Internet of Things products grew by 17% during the second quarter of fiscal 2017 compared with the same period in fiscal 2016.

One firm follows Lantronix and they rate LTRX as a “Strong Buy” with a price target of $2.50. LTRX EPS was negative for the past five years and in 2016 posted a loss of $0.13. Reported sales have declined since their 2013 high of $46.7 million to $40.6 million in 2016.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/27/2017
Ticker Symbol LTRX
Last Price a/o 1:08 PM EST  $                      1.96
Average Volume 53,120
Market Cap $28.5 million
Sales $41 million
Shares Outstanding 17.59 million
Share Float 10.55 million
Shortable Yes
Optionable No
Inside Ownership 3.00%
Short Float 0.41%
Short Interest Ratio 0.82
Quarterly Return 10.20%
YTD Return -4.71%
Year Return 40.87%

Synaptics Inc. (Nasdaq: SYNA) Posts Financials and Shares Rise

Synaptics Incorporated – Nasdaq: SYNA

Synaptics Incorporated, traded on the Nasdaq under ticker SYNA, today reported financial results for its second fiscal quarter ended December 31, 2016. Net revenue for the second quarter of fiscal 2017 increased 19 percent sequentially and declined 2 percent from the comparable quarter last year to $461.3 million. GAAP net income for the second quarter of fiscal 2017 increased $19.1 million sequentially from $3.7 million and decreased 35 percent from the prior year period to $22.8 million, or $0.64 per diluted share.

Wajid Ali, CFO, added, “Considering our backlog of $264 million entering the March quarter, subsequent bookings, customer forecasts and product sell-in and sell-through timing patterns, and the resulting expected product mix, we anticipate revenue for the third quarter of fiscal 2017 to be in the range of $410 to $450 million. We expect the revenue mix from mobile and PC products to be approximately 87 percent and 13 percent, respectively.”

Thirteen firms follow Synaptics Incorporated. SYNA is rated a “Strong Buy” by seven, a “Hold” by five, and a “Sell” by one. The consensus price target for SYNA is $67.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 

Super Micro Computer (Nasdaq: SMCI) Reports Earnings – Shares Higher

Super Micro Computer, Inc. – Nasdaq: SMCI

Super Micro Computer Inc. released their financials this afternoon and shares have been up as much as 10% in after-hours trading. SMCI trades on the Nasdaq and closed the regular session at $28.55, and of this writing the after-hours market has seen SMCI reach $32.00. Reported EPS of $0.48 beat estimates by $0.02, and revenues of $652 million beat estimates by $42.8 million.

Super Micro Computers develops and sells high performance, high efficiency server technology. The company provides end-to-end green computing solutions to the data center, cloud computing, enterprise IT, big data, high performance computing, or HPC, and embedded markets. Their solutions range from complete server, storage, blade, and workstations to full racks, networking devices, server management software and technology support and services.

Sales have increased year-on-year since 2012 and in 2016 they reported $2.22 Billion. EPS for SMCI has been positive since 2012 as well and in 2012 EPS for SMCI was $1.50. Six firms follow Super Micro Computer. Four rate SMCI as a “Strong Buy” and two rate the shares as a “Hold”. Their consensus price target is $32.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/26/2017
Ticker Symbol SMCI
Last Price a/o 4:46 PM EST  $                    31.15
Average Volume 339,210
Market Cap $1.34 Billion
Sales $2.22 Billion
Shares Outstanding 47.11 million
Share Float 37.58 million
Shortable Yes
Optionable Yes
Inside Ownership 0.50%
Short Float 5.69%
Short Interest Ratio 6.3
Quarterly Return 31.11%
YTD Return 1.43%
Year Return 7.40%

Monster Digital (Nasdaq: MSDI) Volumes Explode on Heels of Magazine Article

Monster Digital, Inc. – Nasdaq: MSDI

Nano-cap Monster Digital, Inc. shares are experiencing massive volumes. Average daily volume for MSDI, traded on the Nasdaq, is 84,000 but today volumes have jumped to over 2 million in morning trading.

Simi Valley, CA-based Monster Digital designs and engineers action sports cameras and accessories.   The company also produces advanced data storage and memory products.  Their memory card products for cameras, mobile devices, and tablets feature rugged construction, rapid transfer rates, and capacities that strive get the best performance out of each device.

One possible reason that shares are higher on huge volumes is the publication of an article yesterday in a Canadian magazine – WIFI HIFI Magazine. They offered a positive review of some of Monster Digital products.

No firms follow or rate Monster Digital or MSDI shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.