Technically right at 50 day moving avg..(3.37 ) ..let us see whether it moves to 200 day moving avg of 4.2 or continue its down trend
If they are planning to enter Retail as mentioned in last cc..it is better to sell themselves to Netgear...which will be win win situation for both..netgear can get into education market , plus incremental 100 million revenue at 65% GM and meru can sell themselves for 2*sales..which is around 200 million ..7-8 dollar range..
Bami ..see the reality..don't milk the shareholders...
yes..loooks like from chart...trend is my friend...in last 5 days..nicely broke 50 day moving avg ( .93 ) and today 200 day moving avg ( 1.17 )
Agree..hopefully volume is good indicator for something is about to come...they can easily sell themselves for 200 million ( 2x sales ..9-10 dollars ) in current market conditions if they believe they have technology to pull thru ...i believe it will be hard to take stock price to that level as a public company...it will be nice addition to someone who buys them ( 100 million sales and marque education clients )
U have been with MERU for more than an year and market valuation for the company with 20% growth rate industry is 70 million ( GM : 65% , Net cash : 22 million and annual revenue of approx 100 million )
Street doesn;t believe in you. U don;t have any strategy or partnership ( OEM ) which can take you to next leg of growth. If u beleive ur next gen 802.11ac technolgy is ahead of the competitor..sell the company now ..provided their is any taker..Don;t milk the shareholders and the company..be honest with urself...i beleive u never learnt ur lesson from Trident , Anadigics .
BOD ..see the writing on the wall clearly..don;t be dumb..
.69-.7 was its inital bottom when it moved to 1.5 area..then came back , under went its inital bottom to .62 and crossed back .70 yeterday with huge volume.. crossed its 50 day moving avg..of .72
.83-.85 is its new resistance..watch that level with good earning and huge backlog.
Any small company when doing a product launch ..first start with small amount and scales based on customer reponse and then market also helps if product is good..My guess..they might have 50-60K units for this chritmas with 10-15K backlog buffer..if all this is sold out..the person/company who is lending currently the money for this initial roll out ..is also buying stk..Wall st makes money on both sides of trade..
Good time to pick little at this point right at 50 day moving avg and wait patiently..
Brcm may eventually buy anad ..anad is becoming de facto std in wifi 802.11ac ..rev in last 2qtr from practically zero to 11 million ..and it is very beginning of next wifi cycle from 802.11n to ac