They've (not) been delivering on their potential for 10 years now. It amazes me with all the problems they've had over the years from an honesty and integrity perspective; restated earnings, reverse splits, etc. - that they have any credibility on the street.
Oh wait, they DON'T have any such credibility which is why they pay an analyst, low share price and no institutional action.
And the new contracts just keep rolling in....NOT!
Is NTWK still in business? Haven't heard from them in a while.
Actually - with over 30% short and 10 straight up days, $36 to $52 in a very short period you could very easily see a short squeeze and that could be part of today's action. If it doesn't take a nice rest you'll see short sellers / buyers, although many got in around $80.
Honestly - I wish they would put the numbers out there and shut up! Last 2 quarters were solid beats, but comments took the wind out of the sail. can they be just a LITTLE positive?? One thing I will say that I DO like about such conservative management team; their balance sheet is clean as a whistle, they deliver as promised, they are all substance and no hype. The company is fabulous and they have lead positions in high growth markets (Security, Body cams, drones) and the whole auto thing is down the road fuel. Maybe they could invest $200K in a P.R. guy? :)
Not even close to their only - but they ARE their largest customer and when you have so much revenue in 1 basket, and that basket crashes & burns...
GPRO is still AMBA's largest customer, even though they are diversifying more than even what you've already listed.
The way this has been performing...$26 and then $16.
What's weird is that last two quarters were BOTH beats, but their guidance each time spooked the street. They have no debt and strong growth - it's amazing that this still trades so low, and is still so tied to GPRO which in the long run will also rebound. I think GPRO delaying their drone is the latest culprit because AMBA was set to sell a boatload to them for drones.
I believe, and I will be patient...but I've been adding since $120!