Commodity Channel Index
|Bid||7.09 x 800|
|Ask||7.20 x 1100|
|Day's Range||6.43 - 7.47|
|52 Week Range||3.76 - 9.25|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.50|
– XBAW Filters Qualified and Designed into 5G Small Cell Product by Tier-1 Customer –– Shipped XBAW Filters for 5G Small Cell Base Station Network Equipment in Q1 CY20 ––.
Investors who take an interest in Akoustis Technologies, Inc. (NASDAQ:AKTS) should definitely note that the...
You can access the live presentation at the following link: Akoustis presentation. "We are delighted to be hosting our third virtual event in order to showcase some of the truly unique names in micro-cap" stated Chris Lahiji, President of LD Micro.
It’s no secret that the markets had a great year in 2019. The S&P 500 rose 29% by year’s end, and the NASDAQ, with its heavy emphasis on tech stocks, performed even better, growing 35% for the year. In a curious demonstration of uneven gains, just two companies – Apple and Microsoft – accounted for 15% of the S&P’s total annual gains.Are the good times over, though? The markets appear to be slowing so far this year, and analysts are predicting only a 3% to 5% gain by the end of 2020. Headwinds are forming, as the coronavirus outbreak impinges on trade and travel patterns in Asia as well as a growing list of other regions. The impact has been particularly felt in the tech sector, where companies generally have more exposure to China.But this doesn’t mean that investors should steer clear of tech. There are still plenty of Buy-rated choices available – if you’re willing to look a little deeper. We’ve used the Stock Screener tool from TipRanks to pull up three such stocks, small-cap companies with upside potential in excess of 20%. Here are the results.Allot, Ltd. (ALLT)We’ll start with Allot, a cloud computing company focused on network intelligence and security solutions. The company’s products include security as a service (SECaaS), DOS protection, and network intelligence and traffic management. Allot is a fast-growing company in the cloud software niche, as shown by the recently reported Q4 2019 results.The company reported Q4 revenue grew 14% year-over-year to reach $30.6 million, with annual revenues of $110.1 million reflecting a 15% increase. Like many small-cap tech companies, Allot reported a net loss per share in the quarter, of 5 cents. This didn’t scare off investors as the stock is up 41% so far this year.Looking ahead, Allot is confident in its ability to drive continued growth. Management reported a bookings backlog worth $138 million – a sign that customer interest remains strong. Projecting the backlog will lend itself to future sales, the company guides for 2020 revenue in the range of $135 million to $140 million.Covering this stock for Needham, 5-star analyst Alex Henderson has given ALLT a Buy rating and a rare double price target increase this month. He initially raised his target from $9.50 to $11.50, but has since lifted it to $15. In total, that’s a 58% increase in his outlook for the stock, and suggests a 26% upside potential. (To watch Henderson’s track record, click here)Supporting his stance, Henderson says, “We… forecast accelerating revenue growth in 2020, and believe that it needs to sustain its pace of subscription wins after the stock nearly doubled over the past 18 months. Allot Communications should succeed given its robust pipeline of leads and the adoption intent of its customers regarding its Security subscription businesses.”As a smaller tech company, with a market cap of $410.5 million, ALLT shares have escaped intense scrutiny from Wall Street’s analysts. The review by Henderson is currently the only one in the TipRanks database – but it does indicate a clear path forward for the stock. (See Allot stock analysis on TipRanks) Akoustis Technologies, Inc. (AKTS)Next on today’s list is Akoustis, a provider of the crystal-based piezoelectric components of bulk acoustic wave (BAW) filters commonly used in mobile wireless devices, including smartphones. It’s a specialty niche, but a profitable one, and AKTS saw share gains of 61% in 2019.Following up on its fiscal Q1 moves, Akoustis realized over $32 million in net cash from a common stock issuance. The success of the stock sale gives the company a healthy balance sheet moving forward, important as total revenues, while in line with guidance, were flat sequentially. The net loss per share in the quarter was 21 cents, which was less severe than the 24 cents expected. AKTS shares are up 12% since the earnings release.Sujeeva De Silva, 5-star analyst with Roth Capital, is bullish on AKTS. He writes, “[We are] encouraged by initial volume orders from infrastructure customers, and expect infrastructure customer ramp to commence in the June quarter with WiFi customer ramps starting in the September quarter. The company's revenue guidance reflects expectation for volume filter revenue ramp in the mid-to-late CY20 timeframe…”In line with his optimistic outlook, De Silva puts a Buy rating on the stock, along with a $10 price target. His target suggests a 25% upside potential. (To watch De Silva’s track record, click here)AKTS shares have 5 recent reviews, breaking down as 4 Buys and 1 Hold, giving the stock a Strong Buy consensus rating. The average price target, $10, matches De Silva’s, indicating that the stock has room for 25% growth in the near future. (See Akoustis price targets and analyst ratings on TipRanks) nLight, Inc. (LASR)Our final stock is an interesting player in the industrial laser industry. nLight produces lasers for high-tech manufacturing industries. Its products include fiber-optic lasers, diode systems, single emitters, and diode laser stacks. The company has a world-wide sales base, with customers in the semiconductor, materials processing, electronics, medical, and military sectors.LASR shares are down since last week, when the company reported a fourth quarter earnings loss and revenue beat. At the bottom line, the EPS net loss was 6 cents. On the top line, however, revenues beat the forecast by 12% and came in at $42.9 million. On the downside, the revenue number was a slip of 7.1% year-over-year. LASR shares are down 12% so far in 2020.Reviewing the stock for Stifel Nicolaus, 4-star analyst John Marchetti writes, “[We] expect the company to return to double-digit revenue growth following a challenging 2019. [I]ndustry fundamentals and new product introductions provide a more constructive outlook. We believe nLight's focus on higher-powered lasers, programmability, and new market applications should provide a strong base to return to growth…”Marchetti gives the stock a Buy recommendation, and raised his price target from $21 to $26, implying an upside potential here of 45%. (To watch Marchetti’s track record, click here)nLight has received 4 Buy ratings and 1 Hold, giving the stock a Strong Buy consensus view. The average price target, $24.75, indicates room for a robust 38% premium from the current share price of $17.89. (See nLight stock-price forecast on TipRanks) To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
– New Customer, New Ultra-High Band (UHB) Filter, New Vertical Market –– First C-Band Filter Samples Expected by September 2020 – CHARLOTTE, N.C., Feb. 19, 2020 -- Akoustis.
– Company Begins Shipping Early Orders for 5G Small Cell Base Station Filters –– Company Expects to Ramp Shipments of 5G Filters to Tier-1 Customer in June Quarter –– First of.
– Company to Host Investor Update Call Today at 8:00 am ET – Charlotte, N.C., Feb. 03, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an.
– Filter Sampling Expanded from One to Three Potential Customers in Q4 CY2019 – – Akoustis Targeting Commercial Production in the 2H CY2020 – – Company Expects.
Charlotte, N.C., Jan. 28, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic.
Jeff Shealy became the CEO of Akoustis Technologies, Inc. (NASDAQ:AKTS) in 2015. First, this article will compare CEO...
– Akoustis’ 5G Infrastructure Customer Targeting Production by Mid-2020 – – Accelerating 5G Infrastructure Demand Outpacing Other Markets – Charlotte, NC, Jan. 14, 2020 --.
We live in a rapidly changing world, there’s no doubt about that. The first two decades of the 2000’s have seen tech make leaps that were unimaginable as late as the 1980s. And now, we’re watching one more leap unfold in real time, as telecom companies are rolling out the new 5G networks.The switch is no surprise; it’s been in the works since late 2017, but it’s accelerating now. In a report by Michael Walkley, 5-star analyst with Canaccord, major operators are signing up 5G subscribers and opening service at a faster pace than expected. Walkley says, "We believe the transition to 5G is ramping faster than global networks transition to 4G and any other previous wireless generations. In fact, there are now over 40 OEMs and 40 operators launching or announcing 5G products and commercial service."Getting into detail, Walkley points out that Korean mobile operators already have 4 million 5G subscribers, while in the US, both T-Mobile and AT&T have already launched low-band 5G service networks. In China, the three major mobile operators launched 5G commercial operations on November 1.So, the switch is happening. As it expands, subscribers will find faster service and more efficient data streaming, while investors will find increasing potential in the companies that support the new 5G technology. We’ve taken three such companies and looked at them through the lens of TipRanks’ Stock Screener tool, to find out what Wall Street’s top analysts have to say in some specific cases.Inseego Corporation (INSG)Start with Inseego, a company specializing in mobile solutions for IoT systems. Inseego provides modems and routers that enhance device-to-cloud capability, and is front and center in the move toward faster 5G capable connectivity. Inseego introduced the first commercially available 5G mobile broadband hotspot last year.INSG shares rose 76% in 2019, as the company’s revenues showed strong gains in the final quarter of the year. The Q3 earnings report, the most recent on record, showed top-line revenues of $62.72 million, 5.4% over the expectation. Year-over-year, the gain was even stronger, at 23.8%. The revenue spike shows both the profit potential and industry importance of 5G for the IoT sector.Wall Street’s analysts are bullish on INSG, looking ahead at the company’s prospects for acquiring big-name customers. Northland Securities’ 5-star analyst Michael Latimore took especial note of INSG landing a contract with Vodaphone. He wrote, “Inseego has stacked up numerous wins, esp. for 5G hotspots and home routers, the most recent being a division of Vodafone. Vodafone has numerous operating entities that could launch with Inseego eventually. Other operators are prospects too across most geographies. Enterprise SaaS is turning for the better…” Latimore pointed out specifically that Inseego will provide the hardware for Vodaphone Qatar’s upcoming hotspot – and that worldwide, Vodaphone offers 640 million subscribers.Latimore puts a Buy rating on INSG, along with an $8 price target that suggests an upside better than 10%. (To watch Latimore’s track record, click here)Also optimistic about INSG’s prospects this year is Lance Vitanza, of Cowen. Vitanza writes, “Inseego delivered 3Q19 revenue that was ahead of our estimates in both IoT & Mobile as well as Enterprise SaaS and above management’s previously provided outlook ranges for both divisions. Gross margins in IoT & Mobile and Enterprise were also 100 bps and 120 bps better than we had modeled… [looking forward], growth is expected to be 2H20-weighted, given the anticipated launch cycle for second generation 5G products now in the Inseego-to-customer pipeline…” Vitanza also backs his Buy rating with an $8 target.Overall, INSG has a Strong Buy from the analyst consensus. The stock’s sharp gains in Q4 2019 have brought it 3 recent Buy ratings against a single Hold. Shares are priced at $7.23, and the average price target is $8. Again, that suggests an upside potential of ~10%. (See Inseego stock analysis at TipRanks)Ceva, Inc. (CEVA)Ceva develops and markets digital signal processor (DSP) technology for the semiconductor industry. The company works with both chip makers and original equipment manufacturers, providing the innards for a variety of devices in the mobile, consumer, industrial, and IoT segments. Ceva’s DSPs are helping to power the conversion to 5G, across a wide range of tech companies.Ceva has found success in the DSP niche, and the company saw some strong metrics in 2H19. In Q3, the last reported, CEVA showed a 61% sequential gain in royalty income, to $12.2 million, and the total revenues, $23.5 million, were up 10% year-over-year.Strong revenues and a solid position in a growth-oriented niche have earned CEVA some love from two of Wall Street’s top-rated analysts. Writing from Cowen, 5-star analyst Matt Ramsay writes, “CEVA's 3Q beat and strong outlook point to seasonal strength… We believe CEVA is an attractive growth story tied to low power edge processing in a growing list of applications. We believe diversification beyond handsets is beginning to take root and expect initial traction from basestations and other non-basesband applications to drive sustainable licensing and royalty growth for the foreseeable future.” Ramsay put a $35 price target on CEVA shares, supporting his Buy rating and indicating his confidence in a 27% upside. (To watch Ramsay’s track record, click here)Canaccord's Michael Walkley also takes a bullish stance of CEVA. He says, “With roughly 40-50 customers currently paying royalties to CEVA, we believe this number could increase to 100-110+ over the next several years as CEVA’s strong licensing revenue has driven a strong pipeline of new customers working on CEVA-powered chipsets.” Walkley sees CEVA’s growth supporting a 38% upside in the next twelve months, and gives the stock a $38 price target with a Buy rating. (To watch Walkley’s track record, click here)Looking at the consensus breakdown, opinions on CEVA are split. The bulls come in with 2 "buy" ratings compared to 2 "hold" ratings received over the previous three months. The upside potential lands at ~17% as a result of its $32 average price target. (See Ceva stock analysis at TipRanks)Akoustis Technologies (AKTS)Akoustis inhabits the acoustic wave segment of the technology world. The company’s single-crystal piezoelectric materials are used in bulk acoustic wave (BAW) filters in smartphones and other mobile wireless devices. AKTS operates in the US market, and boated a 61% gain in share price last year.Akoustis reported Q1 fiscal 2020 in November, and showed $22.6 million cash and cash equivalents on hand. The cash on hand was good news, as the company reported a net loss in earnings per share despite more than doubling revenues year-over-year. Also on a positive note, AKTS narrowed its net loss from the year-ago quarter. While share prices fell after the earnings report, they have since regained the loss – and more – on recent developments.Last month, AKTS moved to raise capital through a public stock offering. The offering, of 4.8 million shares, was priced at $6.25 per share. Including the 720,000 shares allotted to the underwriters, the offering brought the company upwards of $30 million in fresh capital. Since the mid-December sale, AKTS has spiked 9% in share price.Anthony Stoss, 5-star analyst with Craig Hallum, sees the company as well positioned, especially after the successful stock offering and capital infusion, for growth and expansion in the coming months. He writes, “We think with AKTS’ recently raised ~$30 million the company now has enough cash to reach breakeven in Q42020. Moreover, we believe the company is now sampling filters to 50+ companies with likely 20+ Wi-Fi router makers including Asian router makers as well. AKTS’ new funds will allow the company to capitalize on some of their upcoming design wins on both the Wi-Fi and 5G infrastructure side set to rollout in 2020.”Stoss puts a Buy rating on AKTS, supported by a $12 price target that indicates room for 38% upside growth. (To watch Stoss’s track record, click here)It has been relatively quiet when it comes to other analyst activity. In the last three months, only 2 analysts have issued ratings. However, the word on the Street is that AKTS is a "buy." Based on the $9.33 average price target, shares could climb 7% from current levels. (See Akoustis stock analysis at TipRanks)
Check out these three semiconductor stocks we found with the help of our Zacks Stock Screener that investors might want to buy right now for 2020...
Zacks.com featured highlights include: CNX Midstream Partners LP, Akoustis Technologies, CRH Medical, Mesoblast and Photronics
– WLP Package Footprint Enables Form Factor Suitable for 5G Mobile Device Market – – Qualified WLP Packaging Expected in the Second Half of CY20 – Las.
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Charlotte, N.C., Jan. 08, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic.
– Leading Enterprise OEM Evaluating 5.2/5.6 GHz Coexistence Filter Solution for Tri-Band WiFi – – Evaluation of Filters for Inclusion in MU-MIMO Products Targeting a.
– Filter Design and Sample Shipment to Customer Completed in Less Than Six Months – – Commercial Production for All Five Filters Expected in CY20 – Charlotte, N.C.,.
How do we determine whether Akoustis Technologies, Inc. (NASDAQ:AKTS) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]
Akoustis Technologies, Inc. (Nasdaq: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (“IDM”) of patented bulk acoustic wave (“BAW”) high-band radio frequency (“RF”) filters for mobile and other wireless applications, announced today the closing of its previously announced underwritten public offering of 5,520,000 shares of its common stock at a price to the public of $6.25 per share, which included the exercise in full by the underwriters of their option to purchase 720,000 additional shares of Akoustis’ common stock. Net proceeds to Akoustis, after deducting the underwriting discount and estimated offering expenses payable by Akoustis, were approximately $32.0 million.
– Follow-On Purchase Order for Additional Quantities of New 5G Filters Expected to Ship in March Quarter – – New XBAW™ Ultra-High Band (UHB) 5G Filters Operate in Sub-6 GHz.