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Alphabet Inc. Message Board

  • goodwe212 goodwe212 Apr 24, 2013 9:38 AM Flag

    Low Float Tech Stock Breaking Out Could Double


    This year's biggest technology boom on Wall Street will be companies with the technology to deliver any video format, over any network, to any IP connected device. Harmonic (HLIT) yesterday rose to a new 52-week high of $6.02 and after the close reported a non-GAAP EPS loss of ($0.02) down $0.05 from a non-GAAP EPS profit of $0.03 last year. HLIT's trailing twelve month non-GAAP EPS declined from $0.25 to $0.20 and the stock afterhours was trading for $5.89, which equals a P/E of 29.45.

    HLIT's 1Q non-GAAP EPS fell $0.05 from 2012, but their competitor Concurrent (CCUR) is about to report on April 23 and they could report estimated GAAP EPS of $0.09 and non-GAAP EPS of $0.13 vs. GAAP EPS of $0.04 and non-GAAP EPS of $0.08 last year. CCUR's trailing non-GAAP EPS could potentially increase by $0.05 next week from $0.35 up to $0.40! If CCUR meets these estimates, they will have double the trailing EPS of HLIT and CCUR closed Tuesday at just $6.77, only slightly above HLIT's share price of $5.89 afterhours last night. CCUR could rally rally to double HLIT's share price or $11.78!

    CCUR has 8.72mm o/s, a market cap of $59.03mm, no debt, $24.6mm in cash, and an enterprise value of $34.43mm or 0.55X its trailing revenues of $62.59mm. CCUR also has huge gross margins of 58.81%, which are 30.69% higher than HLIT's margins of 45%. HLIT is trading with an enterprise value/revenue ratio of 0.93, which means CCUR clearly deserves a multiple 30.69% higher. This would give CCUR an enterprise value/revenue ratio of 1.22 and value CCUR at $11.58 per share!

    HLIT just last quarter sold their low margin cable access business for $46mm in cash. It was breaking even with $52.9mm in revenue. It sold for 0.87X revenue when it had low gross margins of only 30%! CCUR's gross margins are nearly double this and CCUR is about to report their 5th straight quarter of profitability! CCUR shouldn't have an enterprise value/revenue ratio of below 1, which means CCUR shouldn't be below $10!

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