Oclaro, Inc. (Nasdaq: OCLR) Announces Preliminary Results – Shares Climb

Oclaro, Inc. – Nasdaq: OCLR

Oclaro, Inc. announced preliminary financial results after the market closed and shares are up over 8% on heavy volume. The San Jose, CA-based firm announced revenues at $153.5 – $154 million on prior guidance of $146 – $$154 million with gross margins of 40% versus prior guidance between 33% and 36%.

CEO Greg Dougherty commented in a press release – “Our excellent preliminary results for the December quarter once again demonstrated the strength of Oclaro’s products in the markets we serve. We expect revenue to come in at the high end of guidance as 100G and beyond sales again exhibited excellent growth.  In addition, we expect the quarterly results to reflect record levels of gross margin and operating income and exceed our prior guidance.  Our performance was driven by strong execution, a richer product mix, and favorable foreign exchange rates.”

Oclaro, Inc. develops optical components, modules, and subsystems for optical transport and metro networks, enterprise networks, and data centers. They trade on the Nasdaq under ticker OCLR. Ten firms follow Oclaro. Nine have rated OCLR shares as a “Strong Buy” and one rates OCLR as a “Hold”. The consensus price target is $11.

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.

1/18/2017
Ticker Symbol OCLR
Last Price a/o 5:25 PM EST  $                      8.84
Average Volume 5.36 million
Market Cap $1.36 Billion
Sales $455.9 million
Shares Outstanding 167.48 million
Share Float 157 million
Shortable Yes
Optionable Yes
Inside Ownership 2.90%
Short Float 10.17%
Short Interest Ratio 2.98
Quarterly Return 3.70%
YTD Return -9.16%
Year Return 135.65%

NVE Corporation (Nasdaq: NVEC) Posts Earnings

NVE Corporation – Nasdaq: NVEC

Eden Prarie, MN-based NVE Corporation announced financial results. The nanotechnology firm, traded on the Nasdaq under ticker NVEC, increased total revenue from $6.02 million in Q3 of the prior year quarter to $7.46 million. Net income for the third quarter of fiscal 2017 increased 35% to $3.48 million, or $0.72 per diluted share, compared to $2.58 million, or $0.53 per share, for the prior-year quarter. 

For the first nine months of fiscal 2017, total revenue decreased 1% to $21.5 million from $21.6 million for the first nine months of the prior year. The decrease was due to a 30% decrease in contract research and development revenue, partially offset by a 3% increase in product sales. Net income increased 2% to $9.92 million, or $2.05 per diluted share, for the first nine months of fiscal 2017 compared to $9.69 million, or $2.00 per share, for the first nine months of fiscal 2016. 

The company also announced a quarterly cash dividend to NVEC shareholders of $1.00 per share of common stock, payable February 28, 2017 to shareholders of record as of January 30, 2017.

 NVE Corporation is followed by one firm. Their analysts rate shares of NVEC as a “Strong Buy” with a price target of $66. 

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.

1/18/2017
Ticker Symbol GRVY
Last Price a/o 4:00 PM EST  $                    70.69
Average Volume 13,800
Market Cap #343.2 million
Sales $26.1 million
Shares Outstanding 4.8 million
Share Float 4.74 million
Shortable Yes
Optionable No
Inside Ownership 0.10%
Short Float 0.92%
Short Interest Ratio 3.15
Quarterly Return 26.64%
YTD Return 0.10%
Year Return 41.42%

CyberOptics Corporation (Nasdaq: CYBE) Performing Well

CyberOptics Corporation – Nasdaq: CYBE

One year ago Cyberoptics corporation was trading under $10. Today the shares, traded on the Nasdaq under ticker CYBE, reached over $40.

CyberOptics Corporation is a developer and manufacturer of high precision sensing technology solutions. CyberOptics sensors are being used in general purpose metrology and 3D scanning, surface mount technology (SMT) and semiconductor markets to significantly improve yields and productivity. By leveraging its technologies, the company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of its key vertical segments. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia, and Europe.

Cyberoptics Corporation earnings been inconsistent. In 2011 they reported a positive EPS of $0.63 but in the following years the company has reported annual EPS losses of $0.97, $0.91, $0.23, and $0.31. Likewise holders of CYBE have experienced inconsistent annoual sales figure since 2011 – $61.1 million, $41.6 million, $33.3 million, $46.5 million, and $41.1 million. Two firms follow CyberOptics Corporation and one rates CYBE shares as a “Strong Buy” and the other rates CYBE as a “Buy”.

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.

1/18/2017
Ticker Symbol CYBE
Last Price a/o 2:17 PM EST  $                    39.02
Average Volume 91,000
Market Cap $230 million
Sales $64.2 million
Shares Outstanding 6.86 million
Share Float 6.75 million
Shortable Yes
Optionable No
Inside Ownership 1.90%
Short Float 1.58%
Short Interest Ratio 1.17
Quarterly Return 40.91%
YTD Return 28.93%
Year Return 309.87%

Gigamon Inc. (Nasdaq: GIMO) Provides Lower Guidance – Shares Dive

Gigamon, Inc. – Nasdaq: GIMO

Gigamon shares plunged in after-hours trading by over 20% after the company provided guidance that was below expectations. Traded on the Nasdaq under ticker GIMO, the shares ended the regular session at $44.05. However news of revenues coming in between $84 and $84.5 million in contrast to prior guidance of $92.2 million sent the shares to a after-hours low of $33.50.

Gigamon provides active visibility into physical and virtual network traffic enabling stronger security and superior performance. Gigamon’s Visibility Fabric™ and GigaSECURE®, the industry’s first Security Delivery Platform, deliver advanced intelligence so that security, network and application performance management solutions in enterprise, government and service provider networks operate more efficiently and effectively. With over ten years’ experience, Gigamon solutions are deployed globally across vertical markets including over seventy-five percent of the Fortune 100.

Eight firms follow Gigamon Inc. and three of those rate GIMO as a “Strong Buy”, one rates GIMO a “Buy”, and three rate GIMO a “Hold”. GIMO’s consensus price target is $58.

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.

1/17/2017
Ticker Symbol GIMO
Last Price a/o 6:06 PM EST  $                    34.65
Average Volume 833,900
Market Cap $1.59 Billion
Sales $292.9 million
Shares Outstanding 36.05 million
Share Float 32.36 million
Shortable Yes
Optionable Yes
Inside Ownership 1.30%
Short Float 9.08%
Short Interest Ratio 3.52
Quarterly Return -11.26%
YTD Return -3.29%
Year Return 96.21%

Applied Optoelectronics Inc. (AAOI) Surges in After-hours on Revised Revenue Projections

Applied Optoelectronics Inc. – Nasdaq: AAOI

Shares of Applied Optoelectronics Inc. surged over 20% in after-hours trading on news that future earnings will be above street estimates. AAOI revised revenue projections to between $84.5 and $84.8 million – well above previous projections between $75 and $79 million. Traded on the Nasdaq under ticker symbol AAOI, the shares ended the regular session at $22.72 however in the after-hours market the shares rose to $27.50.

Los Angeles, CA-based Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products primarily for internet data centers, cable television, and fiber-to-the-home networking end-markets.

From their press release:

“”We delivered a strong fourth quarter with top and bottom-line results expected to exceed our guidance,” said Dr. Thompson Lin, Applied Optoelectronics, Inc. founder, president and CEO. “Accelerated demand for our market-leading datacenter products and increased capacity fueled our results. Additionally, we continued to drive manufacturing efficiencies, which contributed to a record gross margin. We are excited by the good close to the year and look forward to sharing the additional details of our fourth quarter performance on our conference call in February.”

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.

1/11/2017
Ticker Symbol SGNL
Last Price a/o 6:57 PM EST  $                    27.05
Average Volume 377,600
Market Cap $397.6 million
Sales $228.8 million
Shares Outstanding 17.5 million
Share Float 16.34 million
Shortable Yes
Optionable Yes
Inside Ownership 2.10%
Short Float 13.10%
Short Interest Ratio 5.67
Quarterly Return 3.09%
YTD Return -3.07%
Year Return 52.18%

Ichor Holdings Ltd. (Nasdaq: ICHR) Posts Results – Shares drop

Ichor Holdings, Ltd. – Nasdaq: ICHR

Shares of Ichor Holdings, Ltd. dropped after the firm released financial results for the 4th quarter and gave guidance for 2017. Ichor Holdings, Ltd. trades on the Nasdaq under ticker symbol ICHR.

Fremont, CA-based Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems for semiconductor capital equipment in the United States, the United Kingdom, Singapore, and Malaysia. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. Ichor Holdings employees are strategically located to provide their customers with the highest level of customer service and support from their program management, sales, engineering, and executive management teams.

Ichor expects sales of approximately $131 million for the fourth quarter, and approximately $405 million for the 2016 fiscal year. Additionally, Ichor expects sales for the first quarter of the 2017 fiscal year to be higher than for the fourth quarter of the 2016 fiscal year.

Ichor Holdings has posted negative EPS in 2014 and 2015: -$0.02 and -$0.40 respectively. However sales increased from $249 million in 2014 to $290.6 million in 2015. Five firms follow Ichor Holdings with three rating ICHR a “Strong Buy” and two rating ICHR a “Buy”.

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.

1/10/2017
Ticker Symbol ICHR
Last Price a/o 4:00 PM EST  $                    13.40
Average Volume 162,000
Market Cap $320.5 million
Sales $338.8 million
Shares Outstanding 23.92 million
Share Float 20.83 million
Shortable Yes
Optionable No
Inside Ownership 12.20%
Short Float 0.87%
Short Interest Ratio 1.12
Quarterly Return
YTD Return 23.84%
Year Return

Asure Software, Inc. (Nasdaq: ASUR) Closes Three Deals – Shares Rise

Asure Software, Inc. – Nasdaq: ASUR

Asure Software, Inc., based in Austin, TX, closed three strategic acquisitions and provided financial guidance for fiscal 2017. Its shares, traded on the Nasdaq under ticker ASUR, have risen almost 30% in response.

Asure Software, Inc. provides cloud-based software-as-a-service (SaaS) time and labor management, and workspace management solutions worldwide. On January 1, 2017, Asure Software closed three strategic acquisitions: Personnel Management Systems, Inc. (PMSI), a provider of outsourced HR solutions, Corporate Payroll, Inc. (Payroll Division) (CPI), a provider of payroll services in Ohio, and Payroll Specialties NW, Inc. (PSNW), a provider of payroll services in Oregon.

CEO Goepel stated: “These acquisitions allow us to grow and make strategic decisions about our growth. Since joining as CEO in 2009, Asure had a $6 million market cap and was in a turnaround situation. Now that the transition is complete, we have evolved into a growth company, with a world-class customer base, industry-leading solutions, and a strong financial profile and outlook. With the completion of the recent capital raise, in which insiders participated for greater than 10%, and now the closing of these acquisitions, we are in a position to make strategic decisions to fund for accelerated growth, while continuing to drive strong EBITDA and cash flow.”

Goepel also gave guidance for 2017 “For the full year of 2017, we expect revenue to range between $45 million and $47 million, and EBITDA (excluding one-time expenses) to be between $9 million and $9.5 million.”

Five firms follow Asure Software, Inc. and all five rate ASUR as a “Strong Buy”.

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.

1/10/2017
Ticker Symbol CUDA
Last Price a/o 3:59 AM EST  $                    10.93
Average Volume 92,800
Market Cap $90.6 million
Sales $32.6 million
Shares Outstanding 8.29 million
Share Float 7.34 million
Shortable Yes
Optionable No
Inside Ownership 10.40%
Short Float 3.78%
Short Interest Ratio 2.99
Quarterly Return 58.41%
YTD Return 28.44%
Year Return 145.62%

Barracuda Networks, Inc. (NYSE: CUDA) Beats Estimates – Rises in After-Hours Market

Barracuda Networks, Inc. – NYSE: CUDA

Barracuda Networks, Inc. beat street earnings estimates and rose over 8% in after-hours trading. Traded on the Nasdaq, CUDA shares rose to an after-hours high of $25.87. Street estimates, on average, were for Barracuda Networks, Inc. to earn $0.15 per share. The Campbell, CA-based company reported $0.22 EPS after posting loss for the same quarter last year. Revenue was also higher than street estimates – $88.8 million vs. $86.9 million.

Barracuda Networks, Inc. offers industry-leading solutions designed to solve mainstream IT problems. Their products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. CitiBank, Coca-Cola, Delta Dental, FedEx, Harvard University, IBM, L’Oreal, Liberty Tax Service, Mythbusters and Spokane Public Schools are among the more than 150,000 organizations in 100+ countries confidently protecting their users, applications and data with Barracuda solutions. Their network has 1000+ employees, 5000+ partners, and offices in 15 countries.

CUDA has reported increasing sales figures every year since 2012 when it reported $160.9 million. In 2016 Barracuda Networks, Inc. reported $320.2 million. Fourteen firms follow CUDA, with eight rating it a “Strong Buy”, one rates it a “Buy”, three rate CUDA as a “Hold”, and two rate it as a “Sell”. Consensus price target amongst analysts is $28.00.

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.

1/10/2017
Ticker Symbol CUDA
Last Price a/o 7:59 PM EST  $                    25.70
Average Volume 663,430
Market Cap $1.23 Billion
Sales $338.4 million
Shares Outstanding 51.71 million
Share Float 32.48 million
Shortable Yes
Optionable Yes
Inside Ownership 12.50%
Short Float 2.22%
Short Interest Ratio 1.1
Quarterly Return -0.25%
YTD Return 10.92%
Year Return 121.53%

Update! Airborne Wireless (Nasdaq: ABWN) Flying High Since SNU Report!

Airborne Wireless Network – OTCQB: ABWN

When we first wrote about ABWN a couple of weeks ago, it was trading around $0.80 per share. Today it is over $1.35. This could be due to the announcement today that Airborne Wireless Network (OTC QB:ABWN) entered into an agreement with Electric Lightwave Holdings, Inc. (“Electric Lightwave”). This agreement creates a mutually beneficial relationship pursuant to which the ground segment of our contemplated Infinitus Super Highway™ will be supported by Electric Lightwave’s 12,500-mile fiber optics cable and data center network, which is located throughout the Western United States, including an undersea cable link to the Hawaiian Islands.

A Fox Business interview with VP Marius De Mos can be viewed here.

 

Our December 16th article follows:

Global internet connectivity is achieved through undersea cables along with ground-based fiber and satellites. Airborne Wireless Network is developing a new approach – an airborne digital highway.  The Company intends to create a high-speed broadband wireless network without towers or cables – they will do it by linking commercial aircraft in flight.  Each aircraft will act as an airborne router, sending, and receiving internet signals from one aircraft to the next and creating a digital superhighway in the sky. Airborne Wireless Network intends the network to be a high-speed broadband internet pipeline.

The Company intends to supply their capacity to wholesale carriers that already have customers such as internet providers and mobile phone companies. Once developed, the airborne network could provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, in addition to connectivity to commercial and private aircraft in flight.

Airborne Wireless Networks holds a patent many in the industry consider highly valuable if the team can execute its plan. Impressively, they have secured Alex Sandel, co-founder of Packard Bell computers, as Chairman of its Advisory board. The company closed a $1,200,000 private placement funding on November 22, 2016.

However, ABWN is not a stock without considerable risk. This is a new technology in a highly competitive industry. Volumes of ABWN are currently weak – less than 22,000 today. Also of concern is that no analysts cover ABWN.

Still, if you have the appropriate appetite for risk ABWN, this is an innovative approach to a real need , internet connectivity, that most of the world cannot do without. ABWN closed today at $0.803.

Always perform your own due diligence before making any decisions regarding the buy or sale of any stock.

Helios and Matheson Analytics (Nasdaq: HMNY) Announcement Sends Shares Higher

Helios and Matheson Analytics, Nasdaq: HMNY

Shares of Helios and Matheson Analytics are up over 10% on large volumes. Earlier in the trading day, shares of HMNY had reached $5.86 – up over 40% from Friday’s close. This morning the company issued a press release stating that Helios and Matheson Analytics Inc. Dr. E.G. Rajan, esteemed professor and research scientist, will be joining the organization as founding member and Chairman of its Science & Technology Development Board.

From the Helios and Matheson press release:

As Founder and President of the Pentagram Research Centre in Hyderabad, India, Dr. Rajan was presented the Gold Medal for his lifetime achievement in Teaching, Research and Industrial Development by former Indian President, Dr. APJ Abdul Kalam, in 2015. HMNY and Zone expect Dr. Rajan’s groundbreaking research in the fields of artificial intelligence and machine learning and his current impact on the field of computer vision to significantly enhance the functionality and reach of RedZone Map, merging RedZone Map’s currently available real time crime data reporting and safer navigation features with data science and technology.

Founded in 1983 and based in New York City and Bangalore, India, Helios and Matheson is a global information technology provider that services Fortune 500 clients. HMNY is not covered by any analysts and no price targets are available. However it may be important to note that both EPS and Sales figures were at their lowest points in 2015 since their highs in 2012 and 2013, respectively. Readers may wish to note that HMNY has a high level of insider ownership.

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.

Ticker Symbol HMNY
Last Price a/o 12:22 AM EST  $               4.83
Average Volume 363,800
Market Cap $19.9 million
Sales $8 million
Shares Outstanding 4.78 million
Share Float 0.98 million
Shortable Yes
Optionable No
Inside Ownership 36.80%
Short Float 20.97%
Short Interest Ratio 0.56
Quarterly Return -51.06%
YTD Return 199.30%
Year Return 85.70%