Profitability headwinds when they beat on earnings is hard to swallow, lower revenue is the problem they had last Q not profit. It sounds like they are on track in at least that regard. Higher revenue will come if the new product has as much traction with customers as they say, customers sometimes take 3 months or even 6 months to qualify a product before buying.
despite it all, they are still on target for break even and won't be needing to raise cash. IMHO that makes them even more of a buyout target now at this low price. Nobody looking to buy the company is going to wait for them to go bankrupt, not gonna happen.
I held the majority of my shares, sold about 15%. On paper I'm down about 10k (you can only lose what you sell) but there was a pretty solid bottom today on high volume.
There were a couple analysts lowering price targets but the targets are all still way above today's price. It seems like this revenue miss was well known. A lot of people w deep pockets knew sales were down that's why it traded so low.
Analysts aren't screaming BUY but they didn't downgrade and indeed set new price targets which are quite a bit higher than the current price. I'm holding for a bounce.
I can see. I other explanation for the poor performance of the stock lately in retrospect/hindsight.
I can only hope that means a miss was baked in, the CAGR for the AFA market is huge and VMEM is known for performance and now with the "core" enterprise features they SHOULD be competitive... But money talks and Bee Ess walks.
We'll find out tomorrow if the market thinks the miss was baked in at 4 bucks. Honestly I have no idea, but the stock was already cheap but one things for sure it will soon be even cheaper tomorrow.
It's hard to share your optimism right now, I mean what a jip, CEO says 40-50% annualized revenue growth then they drop quarterly revs with no warning. They should have warned on this big of a miss, it's shameful.
For once we agree.. They set the bar high growth 40-50% annualized and then a drop Q/Q wow.
Just stop it Dom Enough of the I told you so BS I didn't do it when MU dropped $8 don't do it here now!
I'm not gonna lie that is some serious dodoo there no warning after projecting strong growth and then Bam!! negative growth! I am heavily invested over 25k shares this really hurts my portfolio and not even a warning!! Now I'm stuck holding indefinitely if I want to recover my losses. Luckily my average was $4 but OMG!!
Pipster you were the one pumping FIO, not me.. Anyhow they got bought out cheap, and guess what.. VMEM is cheap by comparison and could also be bought out soon.
VMEM is trading at very low multiple vs their peers and growing at over 10% Q/Q (17% last Q) and they will continue to grow with as the demand for AFAs grows. They are certainly not "hosed" by a new player in this giant sandbox.
So in other words HDS declared themselves the winner but didn't include results from VMEM, Pure, SolidFire, etc.. Why even post this?
Looks like the buyers are finally showing some interest as we get close to ER... A little later than previous ERs but that worked out good for me, I was able to buy over 23k shares for an average of 4.02 and will be looking to buy another 2k shares in the morning after my IRS refund gets direct deposited.
Hot spares IS NOT the same thing as over provisioning, wow cld9731 you are reaching bro.
Anybody optimizing for the best write performance would need to over provision by 50%, anything less and most writes are garbage collection. You can get away with less but in the end you are going to suffer in the way of performance especially as the array gets near capacity. It also reduces the usable lifespan of the array by not over provisioning 50%.
VMEM avoids this because they aren't using SSDs and manage the raw flash and gc as a whole. Go read the VMEM white papers.
I assumed you knew how to google with your posts so lie I said it was the first article when you google what I told you to google on mr google head... Go google that.
there have been consistent buying leading up to previous ERs this time not so much.. Market seems to be setting the bar kinda low here, they are growing extremely fast (17% q/q last q) despite some annoying non stop posting which might lead some to believe otherwise, could be a nice post earnings run this time instead of pop before and sell off like previous Qs.
Nice to see you talkin to yourself on this board, looks pretty much like the only back and forth today, I worked all day and all night and didn't have a chance to google your article but my source came up in the first article when I googled what I told u to google so google that ok... Times up, thanks for playing.
Ok Smarty pants I googled it and I was wrong .. apparently the SSD based competition over provisions by more than 50% (I initially said almost) and still can't keep up performance wise...