Yesterday, 3:17 PM
- Today's notable tech gainers include Chinese microblogging leader Weibo (WB +9.4%), VoIP/4G signaling infrastructure provider Sonus (SONS +5.9%), Chinese mobile game publisher Sky-mobi (MOBI +7.2%), Chinese auto site Bitauto (BITA +5.6%), and cloud e-mail encryption software provider Zix (ZIXI +3.2%). The Nasdaq is up 0.7%.
- Notable decliners include set-top/pay-TV infrastructure provider Arris (ARRS -4.5%), M2M/fleet management hardware and software provider CalAmp (CAMP -6.6%), and optical component vendor NeoPhotonics (NPTN -5.9%).
- Weibo, Sky-mobi, and Bitauto are taking part in a fresh Chinese tech rally. Weibo, also up strongly on Wednesday, is now up 21% from Tuesday's close. Zixi is up 11% since posting Q1 results and reiterating its full-year sales guidance on Tuesday; a 14.7% Y/Y Q1 increase in orders to $14.3M is going over well. Sonus' gains come two days after the company posted Q1 results that were slightly better than the guidance provided in its March 24 warning.
- Arris is giving back some of the huge Thursday gains seen on account of its $2.1B deal to buy set-top rival Pace (and take advantage of its lower tax rates); Synergy Research estimates Arris/Pace will have a combined 17% global video infrastructure share (nearly even with Cisco's 18%), and a set-top share of ~30%. CalAmp is returning some of the huge Wednesday gains seen due to its FQ4 beat and solid FY16 guidance.
- Previously covered: Chip stocks (a lot of them), Amazon, Microsoft, 3D Systems, Unisys, Silicon Motion, Rackspace, Netgear, AMSC, Verisign, Acacia, Infosys, Juniper, Ubiquiti, Maxwell, Synaptics, HomeAway, Gigamon
Wed, Apr. 22, 12:45 PM
Tue, Apr. 21, 5:37 PM
Tue, Apr. 21, 5:20 PM
- CalAmp (NASDAQ:CAMP) is guiding for FQ1 revenue of $63M-$67M, below a $67.4M consensus. However, it also expects wireless datacom revenue (87% of total FQ4 revenue) to grow "at or above" a mid-teens clip in FY16 (ends Feb. '16), with further margin expansion. The consensus for total FY16 revenue growth is at 14.3%.
- FQ1 EPS guidance of $0.24-$0.28 is in-line with a $0.26 consensus. Wireless datacom revenue is expected to be up significantly Y/Y but down modestly Q/Q due to shipment timings for a major heavy equipment OEM customer; shipments are expected to pick up in future quarters. Satellite revenue is expected to be soft in the first half of FY16, and grow in the second half as a key client transitions to next-gen products.
- Wireless datacom revenue rose 23% Y/Y in FQ4 to $60.5M, a pickup from FQ3's 10% growth and driving the FQ4 beat. Satellite revenue fell 18% to $8.7M. Strong demand for mobile resource management (MRM) and fleet management products drove the wireless growth.
- Gross margin rose to 35.5% from FQ3's 35% and the year-ago period's 34.4%. Thanks to lower R&D spend, operating expenses fell by $200K Y/Y to $15.7M.
- Shares have jumped to $18.30 AH.
- FQ4 results, PR
Tue, Apr. 21, 4:10 PM
Tue, Jan. 6, 12:07 PM
- M2M connectivity hardware/service providers Sierra Wireless (SWIR -8%) and CalAmp (CAMP -6.5%) are posting steep losses on a day the Nasdaq is down 1.5%. On the other hand, smaller hardware peer Novatel (MIFI +7.6%) is adding to yesterday's gains in a big way.
- Northland downgraded Sierra last Friday in response to its huge 2014 gains, albeit while belatedly hiking its target and estimates. Going into today, Novatel sported a 2015E EV/sales ratio roughly 1/3 of Sierra's.
- Machina Research recently provided a set of 2015 M2M/IoT predictions. Among them: Enterprise deployments and M&A activity will ramp; regulators will take a closer look at the market; connected car adoption will grow; and mobile phones will increasingly act as gateway devices for interacting with IoT hardware.
Dec. 24, 2014, 12:44 PM
Dec. 23, 2014, 5:35 PM
Dec. 23, 2014, 4:25 PM
- CalAmp (NASDAQ:CAMP) expects FQ4 revenue of $66M-$70M, below a $71.1M consensus. EPS guidance of $0.26-$0.30 is in-line with a $0.28 consensus.
- FQ3 wireless datacom revenue +10% Y/Y to $54.6M; it was up 11% in FQ2. Satellite revenue -37% to $8.6M; it fell 23% in FQ2. CalAmp notes "specialized telematics device shipments to a key OEM customer in the heavy equipment industry" lifted wireless sales.
- Wireless datacom revenue is expected to be up Q/Q and Y/Y in FQ4, while satellite revenue is expected to fall to $8M.
- Gross margin +40 bps Q/Q and +190 bps Y/Y to 35%. Opex +4% Y/Y to $15.6M. CalAmp ended the quarter with $40M in cash/marketable securities (up $3.2M Q/Q), and no debt.
- FQ3 results, PR
Nov. 6, 2014, 11:24 AM
- Sierra Wireless' Q3 beat and strong Q4 guidance is providing a lift to fell 3G/4G hotspot router and M2M hardware provider Novatel Wireless (MIFI +6.2%), as well as M2M vendor CalAmp (CAMP +3.9%).
- Novatel reports after the bell. CalAmp jumped a month ago after posting an FQ2 beat and in-line guidance.
Oct. 7, 2014, 12:45 PM
Oct. 6, 2014, 5:36 PM
Oct. 6, 2014, 4:17 PM
- CalAmp (NASDAQ:CAMP) expects FQ3 revenue of $61M-$65M and EPS of $0.21-$0.25, mostly below a consensus of $65.2M and $0.24. However, FY15 (ends Feb. '15) guidance is for revenue of $250M-$255M and EPS of $0.88-$0.94, in-line with a consensus of $253M and $0.91.
- FQ2 wireless datacom revenue +11% Y/Y to $50.2M. Satellite revenue (expected to be weak) -23% to $9M. Strong sales to energy clients provided a lift, as did demand for mobile resource management (MRM) products and the resumption of shipments to a major solar customer.
- Wireless datacom sales are expected to be up Q/Q in FQ3; satellite sales are expected to fall slightly.
- Gross margin +30 bps Q/Q and +90 bps Y/Y in FQ2 to 34.6%. Opex +3% Y/Y to $15.5M. CalAmp ended the quarter with $36.8M in cash/investments, and no debt.
- Expectations were low going into the report.
- FQ2 results, PR
Aug. 19, 2014, 12:32 PM
- CalAmp (CAMP +2.9%) will be providing leading European MRM (mobile asset monitoring/tracking) services firm Masternaut with "advanced telematics devices to enable trailer, heavy equipment and industrial machinery tracking with Masternaut's Connect telematics platform."
- Masternaut claims to have 10K+ customers, and to monitor 300K+ assets, vehicles, and people through its MRM platform. Strong MRM product growth fueled a 17% Y/Y May quarter increase in CalAmp's wireless datacom revenue.
Jul. 2, 2014, 12:56 PM
Jul. 2, 2014, 9:15 AM
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