Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed after reporting Q3 results. While revenue of of $116.1M (+86% Y/Y) and EPS of $0.02 beat consensus by $2.1M and $0.01, the company is forecasting revenue will grow "at a slower pace than originally expected," due to macro uncertainty and Indian regulatory issues. [View news story]
author of books "Thieves on Wall Street" and "Wall Street Fraud"
Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed after reporting Q3 results. While revenue of of $116.1M (+86% Y/Y) and EPS of $0.02 beat consensus by $2.1M and $0.01, the company is forecasting revenue will grow "at a slower pace than originally expected," due to macro uncertainty and Indian regulatory issues. [View news story]
The statement that the 15% drop results from the comment from Ceragon that it will grow at a slower pace is mathematically a ceetainty as the percentage gain over a 100% increase in revenue has to slow. Analysts and traders used this as an excuse to create a profitable trade by issuing negative comments and probably shorting. This is the type of manipulation and industry self serving that destroys investor confidence. the fact is that Ceragon is doing better than well but bnow that tyhe stock has crashed, investors will believe there is something wrong and stand aside while the maniulation continues until the analyst/traders have taken in cheap enough to buy back and then issue positive statements. This is nothing new and one practice which needs regulatory attention
Aviat Networks (AVNW -8%) takes a hit after it's downgraded to Hold from Buy at Brigantine, citing management concerns and a lack of near-term catalysts. [View news story]
This stock started to tank before the downgrade and it's normal for stocks to slide ahead of the downgrade reflect. But it's not nomal for a stock to move down 25% over a short period and drop below critical thresholds like $2 just days ahead of scheduled qtrly report on massive million plus volume, principally one million share trade....obviously an institutional liquidation. There is something very wrong with this . An institution knows enough to liquidate and the public knows nothing...that's illegal and suggests trading on nonpublic information.
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
Micronator, It was actually Harald Braun who nearly killed the business by expanding and buying the Wimax business failing to see it was turning south. The Starex productilne had already been transforned into the IP platforms and the U.S. business was legacy products ion a weak market. The entire market was and remains difficult but clearly, the products had to become restructured as did the entire company. K8issner did this and now has tyhe cost str8ucture reduced to a point at which there may be after all this time reported positive cash flow based on the reduced revenue base. Sounds lioke you need to read the current IEEe "Engineer USAToday" where there is an article "The Restructured Engineer - How I reinvenetd myself"
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
It's true that the Harris products dominated the domestic market. However, the turmoil of the past three years rendered the domestic market to a point at which the Stratex low margin platforms may have gained a competitive advantage. Gunther
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
Looks like Aviat got rid of the Harris Microwave division products which were losers and again are focusing on the faster growing Stratex products and, got rid of all the Harris execs . The microwave business has been a growth industry since the 1960'a in various forms and is accelerating again to support the exploding data needs of smart phones, public networks and expanding vertical networks, Hopefully, this time with a rstructured company, the new Aviat can finally give shareholders some return. Gunther
Has the Last Investor Thrown In the Towel? [View article]
Well taken point re "analysts" who are usually more self serving themselves and their employers interests than that of investors. They have become less and less reliable and almost are becoming a contrarian indicator. When an analyst downgardes from "buy" to "hold", chances are that his "clients" have already sold and hopes the downgrade will reprice the stock down to a lower level at which time his clients will buy and then the analyst will issue an upgrade so the stock again rises to a higher level. I have also seen analysts price their stocks to manipulate prices on both short and long sides. Gunther
On Nov 05 08:44 AM optionsgirl wrote:
> This is an excellent article that drives home one point clearly--you > just can't rely on analyst coverage for accurate analysis. CRNT is > an excellent example of analysts minimizing the value and growth > potential.
Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed after reporting Q3 results. While revenue of of $116.1M (+86% Y/Y) and EPS of $0.02 beat consensus by $2.1M and $0.01, the company is forecasting revenue will grow "at a slower pace than originally expected," due to macro uncertainty and Indian regulatory issues. [View news story]
author of books "Thieves on Wall Street" and "Wall Street Fraud"
Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed after reporting Q3 results. While revenue of of $116.1M (+86% Y/Y) and EPS of $0.02 beat consensus by $2.1M and $0.01, the company is forecasting revenue will grow "at a slower pace than originally expected," due to macro uncertainty and Indian regulatory issues. [View news story]
Aviat Networks (AVNW -8%) takes a hit after it's downgraded to Hold from Buy at Brigantine, citing management concerns and a lack of near-term catalysts. [View news story]
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
It was actually Harald Braun who nearly killed the business by expanding and buying the Wimax business failing to see it was turning south. The Starex productilne had already been transforned into the IP platforms and the U.S. business was legacy products ion a weak market. The entire market was and remains difficult but clearly, the products had to become restructured as did the entire company. K8issner did this and now has tyhe cost str8ucture reduced to a point at which there may be after all this time reported positive cash flow based on the reduced revenue base. Sounds lioke you need to read the current IEEe "Engineer USAToday" where there is an article "The Restructured Engineer - How I reinvenetd myself"
Best of luck
G
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
Gunther
Aviat Networks Has a Lot to Prove: Sell, Watch and Wait [View article]
Gunther
Has the Last Investor Thrown In the Towel? [View article]
Gunther
On Nov 05 08:44 AM optionsgirl wrote:
> This is an excellent article that drives home one point clearly--you
> just can't rely on analyst coverage for accurate analysis. CRNT is
> an excellent example of analysts minimizing the value and growth
> potential.