"Net income in accordance with US Generally Accepted Accounting Principles (GAAP) for the third quarter of 2007 was $3.7 million or $0.12 per basic share and $0.11 per diluted share. On a non-GAAP basis net income for the third quarter, excluding $456,000 of equity-based compensation expenses, was $4.1 million, or $0.14 per basic share and $0.13 per diluted share, compared to non-GAAP net income of $1.9 million, or $0.07 per basic and diluted share in the third quarter of 2006 (Refer to the accompanying financial table for reconciliation of GAAP financial information to non-GAAP)."
Equity compensation is expensed in the U.S. So CRNT actually missed earnings by $0.01 and came in at $0.11 per diluted share according to GAAP which is the accurate accounting method for earnings compared to consensus estimates of $0.12.
I beg to differ. I merely ponted out what was listed in the balance sheet for all to see. While I understand your enthusiasm, I don't share your penchant for sensationalism or blind speculation. Just because the market has confirmed my analysis doesn't mean one cannot be polite.
Eventhough I trade based on momentum, I trust your DD's. You stripped CRNT and showed the true value of the company. I won't be surprised to see CRNT back in the single digit someday. Meanwhile, I enjoy making $$$ on CRNT's volatility.
Thank you. I thought I'd give posting a try. As it turns out the price action is confirming my analysis. As far as reccomendations are concerned, I find that they have little to do with reality. As with CRNT, it appears that there is one downgrade and two upgrades.
I prefer to rely on analysis of the financials. Any fund manager investing in this stock is seeing the same information as we. I often trade on momentum, but there is simply nothing new here and economic reality is taking over.
I do not think that you follow and are able to understand my posts carefully. I posted several times based on the market movement that CRNT would hit 15's. I called it even when it traded at 17's. And, it happened several times. Pay attention, learn from the expert, and you will make more $$$. You will lose less, too.
What are you talking about, AlMlk??
Check the history of your own old posts and the trades you just bragged about, check especially the timestamps. SEC will be very interested in looking into those.