The patent settlement will take $0-$70M of their cash. The market is voting they lose all their cash to it.
You should probably sell then. 1x sales even if you discount all of their cash.There are plenty of companies in tech not making money and that works until it doesn't. Then a company joins the group of companies where losing money and 'slow' growth gets your stock price slammed. LLNW happens to be one those right now.
thanks for the numbers. My guess is Opentext is not valuing the non governance products (composer, Gupta) as anything they want.
You will most likely be correct, but now a whole lot more people know what it costs.
Northland Securities lowered their price objective on shares of eGain Corp (NASDAQ:EGAN) from $6.25 to $5.00 in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 34.41% from the company’s current price.
9-11-15 Needham & Company maintained a Buy rating on eGain Corporation (NASDAQ: EGAN), and cut the price target to $5.00 (from $6.00), following the company's 4Q earnings call. Analyst Michael Huang said that there wasn’t much on the call to inspire investor confidence that near-term challenges and earnings volatility are likely to subside anytime soon.
Huang commented, "The Q4 earnings call was a relative non-event given the disappointing preannouncement last month and likely has already been baked into trough valuations. Unfortunately, there wasn’t much on the call to inspire investor confidence that near-term challenges and earnings volatility are likely to subside anytime soon, especially given a relatively abrupt transition to 100% cloud sales with less reliance on the Cisco channel. While we're still fans of the Customer Engagement market opportunity and applaud the move to pure Cloud, we don’t expect much incremental investor appreciation in the near term, even despite what seem to us to be non-sensical valuations and likely ultra conservative Street expectation."