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Sigma Designs, Inc. Message Board

byronangel 112 posts  |  Last Activity: 19 hours ago Member since: May 17, 1999
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  • Reply to

    Q3 institutional buying

    by byronangel Oct 22, 2014 10:00 AM
    byronangel byronangel 19 hours ago Flag

    UBS, which has $100 billion under management, owned essentially no shares in Q2, then came in during Q3 and bought 57,000 shares. This is a good example of a heavyweight investor that will be ramping up their ownership over time. It's almost a sure bet that UBS is buying more in Q4.
    Byron

    Sentiment: Strong Buy

  • ALU reported their Q3 today and sales were down 6% year over year. INFN sales growth is running +20-30%, so obviously INFN is taking share from ALU.

    ALU's cash burn in the quarter was 81 million euros as the losses continue.
    Byron

    Sentiment: Strong Buy

  • I doubt if Level 3 could have gotten to this point without INFN, which is probably their largest supplier, so this is a nice milestone for both companies, and a significant recognition of the importance of optical networks.
    Byron

    Sentiment: Strong Buy

  • The Department of Energy’s (DOE’s) Energy Sciences Network, or ESnet, is gearing up to deploy four new high-speed transatlantic links with a total capacity of 340 gigabits-per-second, significantly boosting network speeds between US research sites and European facilities.

    The trans-Atlantic expansion adds four separate links connecting Boston, New York and Washington DC with Amsterdam, London and Geneva (respectively), with two New York to London links. The enriched capacity of the network will facilitate science collaborations across the US and accelerate the exchange of data sets between US and European research sites.

    It is expected that tens of thousands of US researchers from virtually every scientific domain will benefit from the increased network capabilities, but the heaviest users of the new links will be particle physicists conducting research at CERN’s Large Hadron Collider (LHC) in Switzerland. CERN generates tens of petabytes of data every year, which is then processed by labs around the world.

    “Particle physicists have been pushing the boundaries of networking technology for decades, and they will make use of our new extension almost immediately,” said ESnet Director Greg Bell. “Very soon, other data-intensive fields will benefit as well. We expect to see significant network traffic across the Atlantic from the astrophysics, materials science, genomics, and climate science communities.”
    ***********************************************************************

    Infinera and Brocade Collaborate with ESnet to Demonstrate 100G Multi-layer Network Optimization using SDN

    “We believe the ability for the network to quickly and nimbly handle large data flows at the most cost-effective layer of the network is one of the key value drivers for SDN,” said ESnet Chief Technologist Inder Monga. “Being able to provision and optimize the network across both the router and transport layers is very attractive to ESnet.”

    Sentiment: Strong Buy

  • by Stephan Jukic – October 28, 2014

    Among the new and heavily acclaimed line of California based Vizio 4K Ultra HD TVs released at the beginning of October was a 65 inch model that retails for just $2,199 USD.

    Featuring a whole roster of specs that match those of the latest and (often) most expensive 4K TVs on sale today, the 65 inch Vizio P652ui-B2 4K UHD TV is an extremely well-priced package that delivers premium 4K entertainment technology at a price that was nearly unthinkable for what this TV offers just a few months ago.

    The design of all of Vizio’s new P-Series (its 4K TV line) TVs is very sleek, stylish and a perfect set piece for any living room, large or small. The screen is surrounded by an ultra-thin black bezel, comes with a centrally placed minimalist stand and has its numerous connections for audio and other features split amongst its bottom, sides and back. Furthermore, we’re talking about a very thin TV that’s 2.2 inches wide at its thickest

    Sentiment: Strong Buy

  • Reply to

    Q3 institutional buying

    by byronangel Oct 22, 2014 10:00 AM
    byronangel byronangel Oct 27, 2014 4:38 PM Flag

    Heavy buying by institutions in the last 30 minutes of trading today. I expect to see the stock break $14 later this week.
    Byron

    Sentiment: Strong Buy

  • Reply to

    Q3 institutional buying

    by byronangel Oct 22, 2014 10:00 AM
    byronangel byronangel Oct 26, 2014 11:42 AM Flag

    Motley Fool Asset Management LLC's Q3 filing is in. They added 150,000 shares in Q3, taking their total position to over 1 million as of Sept 30. A nice vote of confidence.
    Byron

    Sentiment: Strong Buy

  • You would have to assume that a lot of these shorts have been covered in the last couple of days. We'll find out when the data for the end of Oct comes out next month.
    Byron

    Sentiment: Strong Buy

  • Reply to

    Microsoft & the cloud

    by byronangel Oct 24, 2014 10:31 AM
    byronangel byronangel Oct 24, 2014 11:06 AM Flag

    You're right, I'm changing my guess to XOM.

  • Reply to

    Microsoft & the cloud

    by byronangel Oct 24, 2014 10:31 AM
    byronangel byronangel Oct 24, 2014 10:54 AM Flag

    All we know is that it's a large industrial company. So I'm going to guess that General Motors wants to be able to communicate better with their different factories or with their dealer network. Don't quote me, all I'm doing is guessing.
    Byron

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 24, 2014 10:31 AM Flag

    Microsoft is trading near a 52 week high today after reporting their quarter yesterday.

    MSFT said commercial cloud sales rose 128%, while sales of services based on its Azure cloud platform rose 121%. Nomura analyst Rick Sherlund estimates that MSFT is on track to hit $6 billion a year in cloud revenue soon, which would make it the industry's largest cloud vendor by his calculations.

    Unannounced customers Google and Microsoft will probably be the largest buyers of the new Cloud Xpress product. INFN CEO Tom Fallon said on the call Wednesday, "I anticipate there'll be a fairly steep ramp in Q1 and Q2 for Cloud Xpress."

    Sentiment: Strong Buy

  • National Alliance Securities upgraded Infinera in a report issued Thursday from Hold to Buy and raised its price target from $10 to $13.

    Analyst Brian Coyne made the changes "after the company reported better than expected Q3 results and Q4 guidance, and suggested a potentially faster rollout of its new metro cloud platform."

    The report noted that broad-based demand fueled a strong quarter and outlook while "Q3 (Sep.) revs of $174M beat our $171M est., as solid demand trends across customer verticals and in Europe drove another record quarter of 100G port shipments. Infinera added three DTN-X customers (one new to the company) including, notably, a large NA industrial company building its own data center."

    Coyne also mentioned that Cloud Xpress is ramping up and higher volumes are starting to drive margins.

    The report concluded by raising "our Q4 revenue estimate to $182M, above the midpoint of guidance, and our adjusted EPS estimate is $0.12 vs. the guidance midpoint of $0.11...We raise our 12-month target to $13 from $10 based on an EV multiple of 2.0x CY15E sales of $738M."
    ****************************************************************************************************************************

    Obviously this guy needs to review his price target given where the stock is now trading.
    Byron

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 23, 2014 2:03 PM Flag

    Infinera Stock Pops After Q3 Beat, Raised Outlook

    Infinera stock soared to a more than six-year high Thursday after the fiber-optics parts maker posted Q3 earnings late Wednesday that blew past estimates and raised its Q4 guidance.

    Sunnyvale, Calif.-based Infinera saw its stock rise 25% in midday trading on the stock market today, near 13.50, its highest price since June 2008.

    "Infinera delivered its fourth-in-a-row beat-and-raise quarter and its ninth consecutive quarter of positive earnings surprises — a truly rare outcome for a vendor sailing in a choppy sea of telecom spending," Dmitry Netis, a William Blair analyst, wrote in a research report. "A pleasant surprise was the outlook for the fourth quarter, which management raised by $20 million on revenue and by 6 cents on EPS vs. our and Street expectations," he added.

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 23, 2014 11:58 AM Flag

    INFN number one by a wide margin today on the list of largest percentage gains on the Nasdaq. This is shaping up to be the heaviest volume day in the history of the stock, even bigger than the IPO. Lots of institutional investors coming in today, and they will continue to add over time as the run rate approaches $1 BILLION.
    Byron

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 22, 2014 10:30 PM Flag

    Michael Genovese - MKM Partners
    On the Cloud Xpress, is there concern about that cannibalizing DTN-X sales?

    This is Dave Welch. The Cloud Xpress product is targeted at the Metro cloud interconnect. That doesn't really cannibalize any of our long haul or high-capacity Metro products in the DTN-X. What the DTN-X does is a meshed optical network over a long haul. But the Cloud Xpress is adjacencies between data centers that are (a shorter distance) apart, as opposed to across larger geographies. It's a whole new business opportunity for us.

    David F. Welch, President
    Our gross margin improvement is because of the differentiation of our products. It's because we have something better to offer than our competitor's products, and that will represent itself in margins.

    Brad D. Feller - Chief Financial Officer
    We believe over time the Cloud Xpress and that family of products will be accretive to our gross margins.

    Thomas J. Fallon - Chief Executive Officer
    I anticipate there'll be a fairly steep ramp in Q1 and Q2 for Cloud Xpress.

    Sentiment: Strong Buy

  • According to industry analyst Ovum, we achieved #1 revenue market share in the North American long-haul market in Q2, as we continue to see very robust demand from our North America customers across multiple verticals. In addition, our international business strengthened in Q3, representing 30% of total revenues and was led by strength in the EMEA region. We have about 20 customers that are utilizing Instant Bandwidth.

    Our partnership strategy in APAC and Latin America continues to deliver in these emerging regions. Partner wins in Q3 included a Tier 1 customer in APAC with Nissho, as well as a service provider in Latin America with NEC.

    We recently hosted Insight Infinera 2014, and introduced a major new product, the Cloud Xpress, as well as packet upgrades to our existing DTN-X platform. We have had very positive feedback to date from multiple customer lab trials in multiple markets.

    We continue to see strong RFQ activity as additional customers are looking to adopt the DTN-X platform, which we expect will lead to an increased DTN-X customer count in the near future.

    Cash, cash equivalents and investments, as of the end of the third quarter, were $378 million, an increase of $22 million from the previous quarter.

    Moving next to our outlook for the fourth quarter of fiscal 2014. As Tom mentioned, the underlying trends across our business remain very strong. As such, I'm pleased to announce that we currently project revenue for the fourth quarter to be in the range of $175 million to $185 million. The midpoint of this range represents year-over-year growth in the fourth quarter of nearly 30%. For the full year, this would represent a second consecutive year of 20-plus percent revenue growth. This level of growth demonstrates the market's strong acceptance of our differentiated product and the superior customer experience that we provide. We project non-GAAP EPS to be $0.11 per diluted share, plus or minus a couple of pennies.

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 22, 2014 10:00 AM Flag

    Q3 filings are due in Nov 15. Quantbot Technologies in New York has already filed with the SEC. They did not have a position in Q2 but at the end of Q3 they owned 21,000 shares. So as of Sept 30, the computers at Quantbot liked INFN. We'll see what human investors think about INFN as more filings come in between now and Nov 15.
    Byron

    Sentiment: Strong Buy

  • byronangel by byronangel Oct 22, 2014 9:58 AM Flag

    Q3 filings are due in Nov 15. Clarivest, which has several billion dollars under management in San Diego, has already filed with the SEC. They picked up a couple thousand more shares of SIGM in Q3 and ended the quarter with 170,000 shares. More filings will start to come in once we get into November.
    Byron

    Sentiment: Strong Buy

  • October 22, 2014

    Chipset provider Sigma Designs has teamed up with connected home specialist SoftAtHome to integrate Sigma Designs’ Z-Wave radio protocol with SoftAtHome’s home gateway software.

    The pair are jointly demonstrating their platform at the Broadband World Forum in Amsterdam this week.

    According to the two companies, the partnership creates one of the most advanced ‘internet of things’ integrated gateway solutions on the market.

    Z-Wave has already been deployed for emerging smart home and internet of things applications involving low power communications, while SoftAtHome also supports other established protocols used for communication and content delivery within the home. The new solution is part of the latest CloudAtHome software solution announced this week by SoftAtHome.

    There are over 300 manufacturers in the Z-Wave Alliance committed to building wireless home control products based on the standard, and over 1,100 different products certified by the Z-Wave Alliance, with a total of 35 million devices expected by the end of 2014, according to the pair.

    “We are excited about this collaboration with SoftAtHome”, said Raoul Wijgergangs, vice-president, Z-Wave business line, Sigma Designs. “We typically think about Z-Wave in terms of scenarios that consumers will benefit from and then we help our customers provide solutions. With SoftAtHome’s expertise, we have the opportunity to make the smart home into the 5th play service providers can add to their portfolio to deliver new benefits for their customers on top of their traditional packages.”

    “We believe that Internet Of Things and Smart Home services should be added to the list of features that operators can deliver without any additional dedicated box”, added Michel Degland, CEO of SoftAtHome. “By including Sigma Designs’ Z-Wave in our open platform, we give end-users a new level of control over their home environment.”

    Sentiment: Strong Buy

  • Zayo specializes in leasing unlit fiber-optic cables to companies looking to expand their networks. Growing Internet use has made some strands more valuable. Wireless companies, in particular, are clamoring for faster links from cell towers to the rest of the Internet. Big Web companies are also seeking capacity from low-cost wholesalers with cable routes in the right places.

    Zayo’s revenue rose to $1.1 billion in the year that ended June 30.

    Zayo will raise nearly $400 million by selling just over 21 million shares before taking into account the overallotment option, which gives underwriters the opportunity to sell additional shares, the people said. The company was looking to sell 28.9 million shares, according to a regulatory filing.

    The company shares some similarities with rival Level 3, where Zayo Chief Executive Dan Caruso used to work. Level 3 survived the shakeout a decade ago by snapping up distressed network operators and keeping its leverage manageable. The two companies’ headquarters sit only a few miles apart along the foothills below Colorado’s Front Range.

    The company is set to begin trading Friday on the New York Stock Exchange under the symbol ZAYO.

    November 21, 2013
    Zayo Group LLC has revealed that Infinera has supplied its DTN-X packet-optical transport platform to support the fiber-optic network services provider's previously announced move to 100 Gbps.

    According to David Dunn, vice president of wavelength product at Zayo. "Through our collaboration with Infinera, we are demonstrating our ability to expand our 100GbE services to accommodate the bandwidth-driven needs of our customers."

    Sentiment: Strong Buy

SIGM
3.96+0.01(+0.25%)Oct 30 4:00 PMEDT

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