"most have tanked in price before buyout"
Dude pay attention, VMEM was trading at about 50% discount to the IPO price earlier today.. How much more should it tank before buyout based on your insightful wisdom?
The tables have turned and shorts gettin burned and obviously they aren't happy about it..
Should I start calling them out by name like they did to me?? Stoop to their level?
I'm not trying to start a rumor, but FIO did the same thing climbing for no apparent reason right before SNDK bought them out.. Perhaps somebody knows something, us little people are always the last to find out.
Hmmm.... what is going on??
History does not always repeat, previously the guidance was flat and now they are guiding for growth. Will the growth be enough with the new product offerings? That is the million dollar question.
BOFA and PC didn't give any ratings, they reiterated.. and BOFA even increased their PT. I'm not arguing with anybody the market has spoken apparently I was wrong.
Pippy understand the difference, I day traded OCZ.. I'm invested in VMEM. The future is not 100% certain, but they have a real chance of a turnaround with new products and widespread adoption of AFAs in the market happening now. I never told anybody they should invest long term in OCZ, in fact I warned against doing that.
"if you have firm sales in Q3 you don't need new sales force now would you?"
Pipsqueak I can't believe you actually wrote this, they are hiring people because they are selling more product... 9% increase in product revenue q/q and expected to be at least this much again in Q3.
So you need to have this dumbed down for you?? They are selling more product and need more employees to handle the increase. Wow.
Bashers and shorts are jumping for joy that numbers are in line with what were expected, and don't seem to care that forecast is higher.. What will they do when PTs and revenue forecasts get raised by analysts??
The only surprise was they are planning to increase head count in Sales to accommodate the growth they are seeing in Q3.
BOFA increased PT from 3.50 to 4.. Like I said, there were no surprises.
Zack's has an estimated PT of 4.70 and Analyst Ratings Network says consensus PT is 5.08.
The market they sell into is about to explode, if they can capitalize with their updated product portfolio then they do have a future. Will the growth they are already seeing 1/3 of the way through Q3 be enough? They seem confident. We shall see.
"When you look at year/year comparisons - you get a different answer and it looks less than good."
If you want to compare y/y then should also look at the decreased net loss per share (which beat projections by .01) and also gross margins.
Looking back, they projected flat revenue for Q2 and that is what we got, near flat with only a 3% increase q/q. No surprises. Their projections going forward including increases in revenue, gross margins, and bookings.
Q2 seems to be baked in to the price of this stock.. what is not baked in is the upcoming updated projections from analysts based on guidance.
Of course, this means the analysts will also update their targets accordingly. Bookings are up big time, and they are projecting roughly 10% increase in product revenue.. We are 1/3 of the way done with Q3, so these are real growth figures based on momentum folks. These guys already know how Q3 is progressing and are very confident in their projections.
"I think it’s just an indication of how the momentum in the business has changed. So for basically five quarters, bookings were negative. So this is first quarter that they turnaround and turnaround significantly at 19% quarter-on-quarter. So we think that was a significant turn in the business and that given us a confidence the kind of revenue guidance that we have."
Bookings up 19% q/q... Ummmm... get a clue dojfraud you need to pay attention to the future prospects buddy.
"if you look at the core array business that was up 9% quarter-on-quarter and product revenue is up 11%. So what we are saying is that we think we can be in that range into Q3 and going forward."
Pay attention rookie, VMEM will grow revenue by 10% q/q.. They can say this with confidence because we are already 1 month into the next quarter, in other words they know the momentum is carrying over into Q3.
You are such a rookie dojfraud.. Learn from pippy's mistakes and cover now before you get caught short this stock like he was when FIO got taken out.