Seeking Alpha
  • VirnetX Obfuscates The Truth: Stock Worth Under $1
    VHC Today, 7:02 AM Alpha Exposure Comment!

    Summary

    • VirnetX's Expert Showed Damages for VPN on Demand Equating to Enormous Downside to the Stock.
    • VirnetX Misleading Investors.
    • VirnetX Patents Remain at Risk of Invalidation.
  • Brightcove Update
    BCOV Today, 6:15 AM Stephen Percoco, CFA 1 Comment

    Summary

    • Brightcove’s stock fell 38% to $6.38 on July 24, when it reduced its 2014 revenues and earnings outlook. The cut in outlook was modest. Second-quarter results actually exceeded guidance.
    • BCOV’s fall was exacerbated by the resignation of its CFO, which raises concerns about hidden accounting or financial problems. Although disclosures should be improved, I found no proof of problems.
    • With a recent acquisition and operating losses, BCOV’s cash position has dropped sharply this year. If the cash burn does not end soon, BCOV will need to raise capital.
    • According to Frost & Sullivan, BCOV’s core market is expected to double by 2019 (in five years).
    • Although BCOV looks expensive by traditional valuation measures, the stock still has upside (to my $15 target), assuming that no problems emerge and the company moves steadily toward profitability.
  • Imperva: Cyber-Security Long Play
    IMPV Today, 4:11 AM Cyber Investor Comment!

    Summary

    • Imperva is well positioned against the competition.
    • Imperva provides a high value opportunity with positive management changes and existing integration with potential acquirers.
    • Cyber-attacks in the cloud services space are growing and Imperva is orienting itself for growth on par with Amazon Web Services.
  • Update: Zillow Competitor Bought By News Corp.
    Z Today, 3:18 AM Stone Fox Capital 1 Comment

    Summary

    • News Corp buys competitor Move pressuring the stock of Zillow.
    • Zillow's stock remains an avoid until the typical seasonal swoon ends by early December.
    • The news contributes to the original thesis that the news cycle after the Summer selling season tends to turn negative.
  • Can Sina's Management Team Unlock The Value Of Its Investments?
    SINA Today, 2:46 AM Harpreet Wadhawan Comment!

    Summary

    • Significantly undervalued on sum-of-parts basis.
    • Management has demonstrated track record of creating value through strategic investments.
    • Value unlock hinges on management's willingness and execution of shareholder friendly activities.
  • Navient Is A High-Yielding Dividend Stock You Probably Never Heard Of
    NAVI Yesterday, 10:30 PM Abba's Aces 1 Comment

    Summary

    • Navient is a newly spun-off company that boasts a dividend yield of 3.4%.
    • I believe the stock is deeply discounted based on 2015 earnings estimates.
    • The company ranks in the top 10% of credit services companies for return on equity.
  • Why Apple Pay Is Likely To Succeed, And Lessons From PayPal
    AAPL Yesterday, 9:25 PM Adam Hartung 23 Comments
  • Benchmarking MobileIron's S-1: How 7 Key SaaS Metrics Stack Up
    MOBL Yesterday, 7:04 PM Tomasz Tunguz Comment!
  • Tablet And Smartphone Futures: Specialization
    AAPL, NVDA, BBRY Yesterday, 6:18 PM Bob O'Donnell 9 Comments
  • Key Growth Drivers For SanDisk's Embedded Storage Division
    SNDK Yesterday, 6:07 PM Trefis 2 Comments

    Summary

    • The growth in the number of smartphones and tablets sold worldwide should contribute positively to SanDisk’s embedded storage division.
    • Despite an expected decline in average selling prices for NAND flash per gigabyte in the coming years, the company expects its addressable market to grow at a CAGR of nearly 10% in the next few years.
    • We expect embedded storage to generate over $2 billion in revenues for SanDisk by the end of the decade.
  • Samsung: Tizen Phones Are Coming Soon
    SSNLF Yesterday, 5:41 PM Alcaraz Research 4 Comments

    Summary

    • Samsung’s first budget Tizen phone may launch in India the last quarter of 2014.
    • Google’s alleged mandatory order to OEMs to pre-install 20 Google apps on Android phones is strong incentive for Samsung to redouble its Tizen OS efforts.
    • Samsung did right in choosing India for its first Tizen phone. Samsung is still the No.1 smartphone brand in India.
  • Splunk: Price Matters
    SPLK Yesterday, 4:38 PM Stone Fox Capital 3 Comments

    Summary

    • Big data remains a mega-trend with a huge market opportunity for Splunk to explore.
    • Strong FY15 guidance should make true believers like the stock even more.
    • Despite the large drop of nearly 50% from the highs, Splunk still trades at valuation multiples that are high.
  • Arc Group Worldwide's Fall: A Warning?
    ARCW Yesterday, 4:29 PM Thomas Pangia Comment!

    Summary

    • ARCW shares are down 30% since August.
    • Earnings report postponed.
    • Selling reported in August.
    • Wait until after earnings to buy in or expand a position.
  • Mellanox Technologies: Is The Stock Setting Up For A Breakout?
    MLNX Yesterday, 4:14 PM Carl Cachia Comment!

    Summary

    • The story at MLNX - businesses involved in and relationships with major companies.
    • Technical and fundamental analysis presented, together with analysis of recent earnings, earnings estimates and revenues going forward.
    • Risks investing in MLNX and the future potential going forward.
  • Microsoft: Skype Remains Very Popular
    MSFT Yesterday, 3:42 PM Alcaraz Research 9 Comments

    Summary

    • In spite of the rise of other messaging apps like Viber, WeChat and WhatsApp, Skype remains very popular. Ballmer did good in buying Skype in 2011.
    • Windows Phone might be struggling against Android and iOS but mobile device users love Skype.
    • Real-time Speech-to-Speech translation for Skype will make it more popular.
  • Intel: Better Than 9 High Flyers
    INTC Yesterday, 3:14 PM Bruce Burnworth 29 Comments

    Summary

    • Over the last year Intel performed better than the nine high flying stocks: +50%.
    • Intel had the lowest risk relative to reward of the group: by a factor of two.
    • Intel had the highest percent stock price increase, highest dividend yield, lowest PE ratio, lowest volatility.
    • Intel has the brightest future: an estimated 70% plus annual device growth rate with 60% + margins.
    • Intel: Look Inside.
  • BlackBerry: Some Hardware Strategy Insights
    BBRY Yesterday, 3:02 PM Dmitry Kovalchuk 64 Comments

    Summary

    • A poor hardware image was responsible for BlackBerry’s demise in first place.
    • John Chen understands the importance of rebuilding that hardware image.
    • BlackBerry’s hardware strategy can be derived from the Q2 FY 2015 earnings call.
    • I interpret BlackBerry’s hardware outlook as positive.
  • Western Digital Corporation May Be An Opportunity For Defensive Investors
    WDC Yesterday, 2:56 PM Benjamin Clark Comment!

    Summary

    • WDC is suitable for both Defensive Investors and Enterprising Investors following the ModernGraham approach.
    • According to the ModernGraham valuation model, the company is fairly valued at the present time.
    • The market is implying 4.67% earnings growth over the next 7-10 years.
  • Apple Pay: A Semi-Monopoly On The Real Killer App
    AAPL Yesterday, 2:52 PM J. M. Manness 88 Comments

    Summary

    • Apple Pay will likely revolutionize the credit card payment system.
    • It is superior to other digital wallets in terms of usability, security and privacy.
    • Apple Pay will give Apple a semi-monopoly on payments for some time to come.
    • This will give Apple a definitive and valuable differentiator in the smartphone world.
  • EU: Apple Tax Deals Granted By Ireland Broke State Rules
    AAPL Yesterday, 2:34 PM Shock Exchange 105 Comments

    Summary

    • The EC believes Apple received advantageous tax rates from Ireland from 1991 to 2007.
    • Apple has over a month to respond to the EC's findings.
    • The investigation can take nearly 18 months to conclude.
    • Investors should avoid Apple due to a potential future tax liability or an increase in its effective tax rate going forward.
  • Could Google Fiber Go Global?
    GOOG Yesterday, 2:31 PM Michael Nielsen 4 Comments

    Summary

    • Many people believe Google Fiber is too small to matter for Google as a whole.
    • But Google Fiber has a high potential for international growth.
    • Expanding Google Fiber around the world could have a huge impact on Google's profitability.
  • BlackBerry Has Two Main Growth Catalysts, Enterprise Service 12 And Passport
    BBRY Yesterday, 1:32 PM Alex Cho 26 Comments

    Summary

    • BlackBerry reported solid results, guidance didn't change much from prior quarters, but outlook in specific categories have been extremely robust.
    • BlackBerry Passport had a great launch, and at 200,000 units, hardware is well on its way to becoming an actual growth engine.
    • BlackBerry Enterprise Service 12 will balance device management, functionality and security extremely well. BES 12 works well in a bring-your-own device environment.
    • BlackBerry may have figured out a way to be a software company and consumer electronics company at the same exact time.
  • Corning: Some Warts, But Ultimately A $30 Stock Within 5 Years
    GLW Yesterday, 1:16 PM Tim McAleenan Jr. 9 Comments

    Summary

    • Corning has recently gotten serious about a stock buyback program, taking off 100 million shares, or about 7% of company stock, within the past twelve months.
    • The optical fiber/cable division, which accounts for 10% of Corning's business, has been growing at north of 20% and ought to spike the company's stock price.
    • Corning does come with some warts in terms of past record, as its current profits are still lower than 2007 levels.
  • China Finance Online Q2 FY2014 Results
    JRJC Yesterday, 1:14 PM China Stock Research 4 Comments
  • Will Shares Of Consolidated Communications Decline?
    Editors' Pick CNSL Yesterday, 12:25 PM Investor Protector 1 Comment

    Summary

    • CNSL has elevated debt and declining EBITDA.
    • CNSL faces industry headwinds and intense competition.
    • CNSL has a premium valuation.
    • CNSL exhibits concerning dividend metrics.
  • SunEdison: A Second Yield Co
    SUNE Yesterday, 11:28 AM Jonathan Fishman 13 Comments

    Summary

    • SunEdison has announced it filed a confidential prospectus to list a second yield co.
    • This time, the new yield co will be aimed at Africa and Asia.
    • This is a huge sign of confidence in the solar market future, and for SunEdison.
  • Intel Now Worth Considering Under Krzanich
    INTC Yesterday, 11:20 AM Dana Blankenhorn 8 Comments

    Summary

    • Intel's decision making has changed fundamentally.
    • The decision to take minority stakes in Chinese chip-makers is a proof point.
    • So is its decision to let its Israeli unit Basis lead its wearables charge.
    • Intel is making the transition from value to growth again. Investors will be rewarded.
  • Update: TIBCO Software Agrees To Be Taken Private By Vista Equity Partners
    TIBX Yesterday, 10:55 AM Andrew Labutka 3 Comments

    Summary

    • Shares of TIBCO Software surged Monday on news that the company would be acquired by Vista Equity Partners.
    • The agreed upon deal price values each share of TIBCO's common stock at $24.00.
    • Many law firms are currently examining the offer price and investigating whether TIBCO's board members violated their fiduciary duty towards shareholders.
  • Windows 9: What It Must Accomplish For Microsoft
    MSFT Yesterday, 10:52 AM ValueWalk 10 Comments
  • BlackBerry's Collapsing Ecosystem
    BBRY Yesterday, 10:34 AM Mark Hibben 246 Comments

    Summary

    • Despite declining revenue and a net loss, BlackBerry's recent earnings report did little to quell investor enthusiasm for the stock.
    • The continuing decline in BlackBerry subscribers, combined with declining hardware and service revenue confirms that the BlackBerry ecosystem is collapsing.
    • When the full extent of the collapse is realized, BlackBerry's share price is sure to follow.
  • GT Advanced Technologies Value Exceeds The Market Price
    GTAT Yesterday, 10:25 AM Casual Analyst 39 Comments

    Summary

    • GTAT has more potential billion dollar revenue streams than any other company its size.
    • GTAT's deal with Apple, though high profile, offers lower long term potential than Hyperion and company's non-Apple materials businesses.
    • GTAT's earnings potential in 2016 can far exceed the $1.50 being currently modeled by Wall Street.
  • Google's Android One: Realizing Untapped Growth Potential
    GOOG, GOOGL Yesterday, 9:46 AM Piyush Arora 6 Comments

    Summary

    • Android One devices will further boost Google's mobile presence.
    • It will allow Google to benefit from the explosive expected growth in mobile advertising spend.
    • Microsoft likely to fall behind.
    • Android One will combat Firefox OS-based smartphones.
  • Interview With Ofer Tziperman, CEO Of On Track Innovations: Market Leader In Cashless Payment Technologies
    OTIV Yesterday, 9:39 AM Nitin Bhatia 5 Comments

    Summary

    • Oti is one of the pioneers of cashless payment technology.
    • It has customers in various fields such as banking, mobile networks, vending, mass transit, petroleum and parking solutions.
    • Its core area of work is with NFC payments (cashless payments based on NFC technology).
    • With Apple’s release of an NFC chip in the iPhone 6 and introduction of Apple Pay, the future is looking bigger and better for Oti.
    • I reached out to Oti’s CEO Mr. Ofer Tziperman for further insight on this massive opportunity.
  • LinkedIn - Analysts See More Upside, As I Am Cautious About The Timing Of The Upgrade
    LNKD Yesterday, 9:25 AM The Value Investor 4 Comments

    Summary

    • LinkedIn is being upgraded by analysts at Cowen, citing more opportunities for future revenue growth.
    • This is as analysts project revenues close to $10 billion by 2020, if all goes according to plan.
    • I like the business as well, but am cautious on the prospects for the shares after jumping up 50% in just 5 months.
  • Attunity Has Greatly Improved Their Sales Execution
    ATTU Yesterday, 8:54 AM David Hernandez 2 Comments

    Summary

    • Attunity's revenue growth has varied greatly over the last several years. Revenue growth has ranged from 68.0% in 2012 to -1.1% in 2013.
    • Revenue's decline in 2013 wasn't the result of the company's products but subpar sales execution. As a result, management made major changes to their sales strategy and team.
    • Management's new sales team and strategy has been performing well. In the first half of 2014, revenue has grown 43.9% y/y.
    • Due to their limited resources, Attunity only has 26 sales people. The company's limited sales force puts them at a disadvantage but their partnership network has helped limit this disadvantage.
    • Management has been able to utilize their partnerships to gain exposure and grow revenue. Attunity's quality products, improved sales team, and strong partnership network should grow revenue double digits.
  • Apple To Sell iPhone 6 In China
    AAPL Yesterday, 8:43 AM Shock Exchange 61 Comments

    Summary

    • The Financial Times is reporting that Apple has received approval to sell the iPhone 6 in China.
    • After China's original delay in approving the iPhone 6, I feared the phone's launch could be a bust.
    • The iPhone 6 met its 10 million sales bogey during its launch weekend.
    • Apple's rumored goal of 70 - 80 million total unit sales may now be in reach, yet the good news is probably priced into the stock already.
  • Here's How You Can Ride The Contactless Payment Boom
    OTIV, NETE Yesterday, 8:40 AM The Double or Nothing Trader 5 Comments

    Summary

    • Apple's addition of near field communication (NFC) to support a contactless world reinforces the need to expand this technology basically everywhere.
    • With that, there’s huge growth potential in companies that provide these point-of-sale systems.
    • On Track Innovation and Net Element are two of your best options. They both rallied on the day Apple made its announcement, but have fallen more than 20% since then.
    • These sharp drops represent a strong buying opportunity as Apple joining the contactless world means that we have boom times ahead for that industry.
  • Is Everyday Health A Healthy Addition To Your Portfolio?
    EVDY Yesterday, 8:11 AM Diamond Technology Management Comment!

    Summary

    • Company is the leading provider of digital health and wellness solutions.
    • During 2013 an estimated 43 million consumers and 500,000 healthcare professionals engaged with their platforms.
    • Health and wellness markets are enormous markets and are projected to continue to grow rapidly.
    • A major unknown is the companies ability to continue developing engaging mobile applications and monetize those properties effectively.
    • Average revenue per advertiser has been increasing steadily, suggesting strong penetration of the market.
  • Baidu And BMW: Bringing Self-Driving Cars To China
    BIDU Yesterday, 8:10 AM WestEnd511 1 Comment

    Summary

    • Baidu and BMW have partnered to bring self-driving cars to China.
    • BMW will provide the hardware while Baidu will provide the map content/service.
    • Key risk to Baidu is dependence on NavInfo, which is partially owned by Tencent.
  • The Impact Of AT&T's Limited Time Double Data Promotion
    T Yesterday, 8:03 AM William Ho 7 Comments

    Summary

    • AT&T launched a double data limited time promotion with an immediate user call to action as it expires on October 31, 2014.
    • The promotion is defensive and offensive. Defensive: triggered with the Sprint Family Pack introduction. Offensive: More high-tier data against Sprint and Verizon Wireless.
    • Rival Verizon Wireless will likely have to respond as the rate plan escalates into heavily competitive 4Q14.
    • Limited time double data promotions look to be useful tools to drive specific buying behavior instead of permanent rate plan restructuring.
  • Clinuvel: A Reason To Be Cautious And A Reason To Be Positive
    CLVLY Yesterday, 7:45 AM Paulo Santos 2 Comments

    Summary

    • I've found what I believe is the reason for the recent sell-off in Clinuvel shares.
    • This reason does make one afraid that Scenesse might face an uphill battle at EMA.
    • However, at the same time I found reasons to believe the drug is solid and works well - beyond mere trial results, changing people's lives.
  • Alteva: After Rejecting A Buyout Offer, This Cash Rich Microcap Is Worth A Look
    ALTV Yesterday, 7:41 AM ValueArtifex 3 Comments

    Summary

    • Alteva, a microcap telecommunications company, was recently approached by a private equity group to be acquired at $8 per share, an offer it rejected as being too low.
    • Alteva is currently offered below book value with a huge cash position and almost no debt, furnishing investors with a significant margin of safety.
    • Investors have an embedded call option in the form of a higher bid from the Juniper Investment Company another TelCo operating in the Unified Communications as a Service (UCaaS) sector.
    • Even if the company is not acquired, Alteva's management has authorized a share repurchase program and is well positioned to deploy capital or return it to shareholders.
    • The operating fundamentals of the company's unified communications business are also steadily improving and will provide a substantial catalyst to the company's share price once it returns to profitability.
  • The Investment Contest Of The Century: Warren Buffett And The Stock Market Go Toe-To-Toe Over IBM
    IBM Yesterday, 7:00 AM Peter E. Greulich 32 Comments

    Summary

    • For fifteen years the stock market’s consistent message has been one of caution.
    • Warren Buffett is investing into the face of the market’s combined wisdom.
    • It would be prudent for a low-risk IBM investor to wait until Warren Buffett isn’t referenced in most financial articles about IBM, or when IBM’s market value strengthens.
    • Until IBM invests in its business instead of its stock, it is a risky investment for all investors except those that like a short-term playground for their money.
  • Is Now The Time To Buy 3D Systems?
    DDD Yesterday, 5:51 AM Stone Fox Capital 2 Comments

    Summary

    • Stock weakness combined with the passage of time makes 3D Systems more attractive.
    • The scary chart of the past is now more reasonable for long-term investors.
    • Investors need to confirm that Q2 earnings were indeed the trough with a large rebound in store for 2015 before the stock becomes an ultimate bargain.
  • JA Solar - A Great Company, But A Miserable Stock
    JASO Yesterday, 5:36 AM Robert Dydo 21 Comments

    Summary

    • JA Solar is a leader in technology adoption.
    • JA Solar's stock price has not improved with the industry's recovery.
    • The company's market cap does not reflect its value.
  • Micron's Q4 FY 2014 Earnings Call - Confident Management Is Positioning For Sustained Growth
    MU Yesterday, 5:31 AM Hunter Straus 10 Comments

    Summary

    • Micron Technology, Inc. reported mediocre earnings.
    • Management was extremely detailed and confident in reporting guidance and explaining future investments.
    • Micron stands to continue to benefit from the growing demand for handsets.
  • Intel's Investment In China And Other Thoughts
    INTC Yesterday, 5:18 AM Russ Fischer 31 Comments

    Summary

    • Intel continues to invest in China.
    • The latest investment is at least a partial answer to the mobile problem.
    • The mysterious over-capacity continues to get larger and larger.
    • There seems to be a $30-40 billion business out there that Intel has targeted.
  • Free Cash Flow Champions Part 1: Oracle
    ORCL Yesterday, 4:42 AM Brad Kenagy 3 Comments

    Summary

    • I looked through every company in the S&P 500 to see if there were any companies that have had increasing free cash flow every year.
    • I found that only 3 companies out of the whole S&P 500 have increased free cash flow each of the last 10 years.
    • Out of 3 companies Oracle was the only dividend payer, and is the company I will focus on in this article. In part 2 I will cover the non-dividend payers.
  • Update: Crossroads Sued By Quantum Corporation
    CRDS Yesterday, 3:20 AM L&F Capital Management 5 Comments

    Summary

    • Crossroads was recently sued for Willful Patent Infringement by Quantum Corporation.
    • The patent infringement suit alleges Crossroads' StrongBox product utilizes technology patented in United States Patent No. 6,766,412, filed by Quantum in 2004.
    • Due to the potential magnitude of its litigation portfolio and the upside in StrongBox, Crossroads having to pay a royalty on StrongBox revenues should have minimal effect on the stock.
  • Update: BlackBerry Earnings - Mixed Results
    BBRY Yesterday, 3:07 AM Gonzalo Carrasco 49 Comments

    Summary

    • BlackBerry reported an impressive increase on the adoption of BES 12 through the EZ Pass Program. However, service revenue fell more than expected.
    • BlackBerry remains a compelling turnaround story. Nevertheless, if service revenue decline accelerates, the company will depend more on handset sales, at least on the short run.
    • On November 2014 the company expects to officially release BES 12. The future prospects of this company are largely dependent on this product.