Is GIGA a good buy at this level (4.18)? Or do you think it may drop below 4 and seek a new base there before going up again? They just reported good financial results, and I am surprised that this stock didn't take off like it did in the past on non-financial news.
Any opinions?
Thanks!
The thing is back in March the stock hit a high of about $5. It went up real fast then dropped. I think a lot of people thought it was going to break out from there.
I think a lot of those people are selling off. A lot of ask prices. But My opinion is this is a good entry point. The stock is recovering.
I am always leary of a fast up move in a stock. if you look at the chart the move was alsmost onf a 90 degree angle. It was bound to retract.
Good luck.
I like the chart...and the rest
Markets : Stocks In Motion
Tech Stocks in Motion
By Mark Martinez
TheStreet.com Staff Reporter
5/12/2005 4:51 PM EDT
Updated from 2:13 p.m. EDT
Shares of American Superconductor (AMSC:Nasdaq - commentary - research) were among technology's losers Thursday, falling 5.3% after the company posted fourth-quarter sales that fell well below expectations.
The maker of electronic converters posted a loss of $8.2 million, or 28 cents a share, on sales of $12.9 million. Results included a $2.7 million litigation charge. Analysts polled by Thomson First Call were expecting a loss of 19 cents a share on sales of $14.5 million. A year ago, the company reported a loss of $4.5 million, or 16 cents a share, on sales of $11.6 million. Looking ahead, American Superconductor forecast a fiscal 2006 loss of $18 million to $23 million, or 55 cents to 70 cents a share, on sales of $55 million to $65 million. Analysts are expecting a loss of 59 cents a share on sales of $57.3 million. Shares traded down 52 cents to $9.36.
Giga-tronics (GIGA:Nasdaq - commentary - research) rose 13% after the company swung to a fourth-quarter profit and posted a 60% jump in sales. The maker of microwave components posted earnings of $203,000, or 4 cents a share, on sales of $5.3 million. A year ago, the company reported a loss of $1.7 million, or 36 cents a share, on sales of $3.3 million. Orders from continuing operations rose 133% over last year and the company's book-to-bill ratio rose to 2.31 from 1.58 a year ago. Shares traded up 51 cents to $4.42.
I have had GIGA for a few weeks now, starting at $4.11. It has been going up and down with not much moving in either direction, and the volume has been considerably low. It has been behaving completely contrary to my expectations. Do you think this stock will take off this week, or continue its recent behavior? If the latter, I may sell at near-breakeven and get something else instead.
Thanks,
Jeff
Anyone watching this one today?
Nice one year chart:
http://stockcharts.com/gallery/?giga
In @ 5.95
Showing mutli-day strength. Next CAFE? Extremely low float.
News today:
09:19 GIGA Giga-tronics announces Israel Ministry of Defense contract award (4.71 )
Co announces that through a joint effort of its Microsource and ASCOR subsidiaries, it has received an order valued at approx $2.0 mln for compact high performance synthesizers and VXI slots for use in military communications systems.
GIGA, nice buy Tommy, personaly I'd be locking in profits on GIGA,big move history suggests spikey run followed by downward drift. That said nice news on the Israel contract, military deal will go on for ages, maybe this could run more. For some reason it hasn't appeared on my vol mover filter, hmm something to look into.
Again nice buy, you get some good winners.
Quote from: lojze on July 19, 2005, 12:59:28 PM
News today:
09:19 GIGA Giga-tronics announces Israel Ministry of Defense contract award (4.71 )
Co announces that through a joint effort of its Microsource and ASCOR subsidiaries, it has received an order valued at approx $2.0 mln for compact high performance synthesizers and VXI slots for use in military communications systems.
it was a great stock today - reminded me of how things used to be
I suspect earnings next week will be strong. This stock is a keeper for me. Uptrend since Sept. 2004
http://stockcharts.com/gallery/?giga
Offical Short Position is immaterial:
http://www.shortsqueeze.com/
Unfortunately, tommyt, the link is just for members.
I wish I had been in GIGA instead of GIGM ;)
Good luck to you.
Cheers.
I'm sorry. Type: www.shortsqueeze.com *it's free for vistors on the home page, just type in GIGA in the short quote box.
Looks like GIGA may be shaping up for gap open, nice bounce of the 9 ema zone from the pullback 2 sessions back, close near hod on good vol, lot of filters will pick it up tonight.
Anyone still in GIGA or considering getting in?
Quote from: ncham on July 31, 2005, 07:49:08 PM
Anyone still in GIGA or considering getting in?
Lot of discussion of this stock. Remember to do a search when looking for a topic. Already existing posting of this one.
?? there are no posts after the big drop, that's why i started a new thread
Tried to make a run yesterday on increaed volume, but couldn't sustain it. Would welcome input from technicians. Is this prepped for another climb ?
XXXXXXXXXXXXXXXXXXXXXXXXXX
Wise,
For once I beat you to one. I bought a bunch at $4.18 last week. GIGA will explode later on this week.
wiseman - you are indeed a wise man!!
Saw your post, had a quick look at the chart, and then watched it blow through 4.30 in the blink of an eye!! Got in at 4.42, higher than you and others, I presume, but we're already riding above that level now.
Cheers for the heads up!! Looking forward to the run into earnings this week ;D ;D ;D
Just a question, seeing as you have run through earnings on this one before - do you expect/intend to "sell the news..."?
or do you think it will rip through on Friday as well, only asking about your previous experience, as to whether I should have my finger on the trigger???
Will be keeping a close eye on this oone, but you're right, I can't believe only 85,000 share were traded today!!!
wiseman,
todays end of day move was very strong as we both saw ;D
but I gotta put in a small word of caution for tomorrow. GIGA topped out today at a long term descending trendline, so technically we are still in a descending channel. We want to see GIGA break up from this level and hold its gain to confirm that this is indeed a strong breakout, which is certainly looks like its gonna be. Otherwise we could see it pull back into the channel, heading back towards $4.
but I don't think it will.... here's the chart
$5 + already on strong volume. This could be one of those $1+ GIGA days that I've seen many times before
Nice pick wiseman to bad I had my money tied up in another stock. Looked into WSCI after you mentioned it and made some profit, yet again another good pick on GIGA
wiseman et al.
What's your thoughts on GIGA today??? Almost no volume and static price action right now. Yahoo MB seems to think that if it doesn't rip today it will after earnings -what's your take? Perhaps we'll see a late day run up, but am not sure whether to hold for it right now. Been badly burned by HYRF today and don't want more bad news. Whaddya think???
ouch!
Thanks wiseman.
Telling me after the close didn't help much. I know it is my decision to hold or drop it, but I was hoping for some advice on whether to play it or not - you're posts were notably absent here over the last few days while you were going crazy over SIMC. Personally I haven't played many of these low float stocks, and could have done with your help, but you seem to be finding a lot of them and pumping them up on 3SOF. For give me if I'm wrong, but I have a feeling you are shouting about them under the alias BUULLZZEYE on the Yahoo MBs too.
Now I apologise to all reading this if it sounds like I'm justt mouthing off but after having lost my shirt on HYRF this morning, I really didn't want to lose 40% on GIGA this afternoon. It's a shame no-one else here had anything constructive to provide, but for me, I'm through with these low float wonders for now. :P
I agree Scott, I have been observing wiseman since LANV. He does have a pumping style and the picks have only a short time gain, if any. I would be wary of his picks.
A word of warning to everyone following wiseman's picks on the stock picking boards
Wiseman is systematically trying to pump low float stocks for his own purposes
He is using multiple aliases on the 3SOF boards, including but not restircted to slt2005 to simulate confirmation from other traders. This has been confirmed to me by Frederick Ramsburg, as these registered names are residing at the same IP address.
Sure, some of his picks may go up in the short term, but having been burned badly on GIGA today, which was "a sure double", I am just putting this out there for other members to make their own decisions.
A word of warning Wiseman. This kind of action will not be tolerated on these boards. This is a strong, supportive community of traders who value each other's opinions, but also their integrity. I ask you to stop using multiple aliases on the boards, and respect the prinicples that this site is based upon. Sure, we're all here for personal gain, after all that is what trading is about, but I think you will find that people here are determined to do it in a way that supports, and in as much of a degree as is possible in the markets, look out for each other. I am sure that everyone here would be happy to continue to hear about your picks if you do not use devious and fraudulent ways of promoting them.
What the hell... is this true wiseman?......never do that here in 3SOF Ramsburg have eyes like a hawk :D
ON FRIDAY EVENING CRAMER WAS PUMPING THE ENTIRE DEFENSE/SECURITY SECTOR IN HIS MAD MONEY CNBC SHOW.
GIGA IS BY FAR THE CHEAPEST AND MOST UNDERVALUED IN THE SECTOR.....
GIGA WITH ONLY 1.8M SHARE FLOAT....HAS GAINED $3/DAY BEFORE...TRADING BELOW EQUITY AND WORKING CAPITAL.
ONLY $6.4M MARKET CAP...$20M/YEAR REVENUES....CEO: GIGA WILL BE PROFITABLE THIS YEAR....TARGET $8+ THIS YEAR
GIGA, a defense/security industry provider, is likely to benefit from the current Middle East war and hightened worldwide security due to the recent terrorism threats. GIGA, with only 1.8M shares in the float, is trading well below owners' equity and working capital.
GIGA is explosive when news of contracts are announced. Last year it rose 93.4% after it announced a multiyear agreement with Boeing. The agreement calls for Giga-tronics' Microsource subsidiary to produce fast-tune synthesized filter systems for the F/A-18 E/F aircraft. The agreement, which is expected to run for five years, is worth between $7.6 million and $11.6 million.
Israel is one on GIGA's largest customers. During the last conference call held on July 31, 2006, the company CEO said that it expects to get orders from Israel and that Israel continues to be a bright spot for defense related sales.
On July 19, 2005, the company announced that it had received an order from the Israel Ministry of Defense (IMOD) a contract valued at approximately $2.0 million for compact high performance synthesizers and VXI slots for use in military communications systems.
The company expects to win sizeble order starting in the current 2Q 2006 and in subesequent quarters. It does not take much revenue to produce net income because of a very low cost structure. GIGA has traded as high as $8++ last year when it was profitable. This is because the float is very small at 1.8M shares with about 4.6M total outstanding shares.
GIGA, with 72c/share cash, is cuttently trading below:
-- Owner's equity of $1.68/share
-- Working capital of $1.61/share
OTHER GIGA HIGHLIGHTS:
-- SUPER LOW FLOAT OF 1.8M SHARES
-- SALES OF 20M/year
-- MARKET CAP OF $6.4M
-- MAJOR CONTRACTS EXPECTED IN CURRENT 2Q AND CONTINUING THOUGH 3Q AND 4Q (PER JULY 31 CC)
-- PROFIT BY 4Q 2006 (PER JULY 31 CC)
-- ISRAEL "BRIGHT SPOT" AMONG DEFENSE CUSTOMERS (PER JULY 31 CC).
-- CO. EXPECTS SALES TO ISRAEL AS A RESULT OF ONGOING WAR IN MIDDLE EAST (PER JULY 31 CC)
ABOUT GIGA:
Giga-tronics (Nasdaq: GIGA) manufactures instruments, subsystems and microwave components used in the defense/national security and wireless telecommunications industries.
GIGA through its Microsource Inc., subsidiary sells components and provides technical supports to several types of Israeli aircraft[/b]. Microsurce Inc. develops and manufactures a line of yttrium, iron, garnet (YIG)-tuned oscillators, filters and microwave synthesizers. In addition to Israel, MicroSource has supplied the Defense Electronics market, supporting the world's leading Defense Contractors. MicroSource customers include Boeing, Lockheed Martin, Northrop Grumman, Raytheon Systems, BAE Marconi, Thales, Swiss Defense Procurement Agency, as well as a myriad of defense industry sub-contractors.
Giga-tronics Instrument Division. Produces microwave frequency synthesizers, signal sources, generators, sweepers and power measurement instruments in benchtop and VXI configurations for use in cellular, PCS, radar, satellite and telecommunication systems test and measurement applications in the defense and private sectors.
ASCOR Inc., which produces switch modules and interface adapters that operate with a bandwidth from direct current (DC) to 18 GHz.
Always do your own DD
Even in more peaceful times, GIGA has received some sizeable contracts from Israel (for a tiny company like GIGA).
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B0F8CA834%2D4FF2%2D42BE%2DBC2E%2D48CC0252BDCD%7D&siteid=mktw&sid=2189&symb=
I expect GIGA to start moving up momentarily. When this moves it can literally be a rocket.
GIGA IS READY TO MOVE UP......BUYERS LINING UP ON THE BID....WATCH MOMENTUM PLAYERS LIFT THIS ONE IN A HURRY
GIGA IS STARTING TO MOVE UP........RADAR THIS ONE ......THIS IS A ROCKET WHEN IT BREAKS OUT
.
GIGA's chart has been improving each day this week even on a very bad market like today. GIGA is poised for a major breakout IMO:
http://stockcharts.com/gallery/?giga
terabemo - GIGA has traded 7,605 shares today. There are no buyers lining up on the bid and no momentum players anywhere near this. I agree with the low float it can move fast, but today all I saw was a small player painting the tape to make the candle look pretty.
What are your thoughts on TRBM? Are you adding to your position?
GIGA'S CHART KEEPS IMPROVING. THEY WILL ANNOUNCE AN EARNINGS DATE THIS WEEK...THAT SHOULD BE A CATALYST TO GO UP HIGHER
GIGA IS GETTING READY TO BREAK THE $2 MARK....
WATCH OUT IF THAT HAPPENS BECAUSE THIS ROCKETLITERALLY FLYES AS VOLUME COMES INTO THE STOCK
Looks like GIGA will move up today....it lawys does on earnings day. Very little risk at these prices. Even if earnings are not that good, the guidance should be strong because of the war
OK...last hour of trading before earnings....you should see one move in either direction...sometimes wildly because of the very tiny float
GIGA HAS BOTTOMED OUT AT $1.3.......IT COULD START MOVING UP SOON WITH THE CURRENT WORLD STATE OF AFFAIRS. KEEP AN EYE ON THIS ONE...VERY SAFE INVESTMENT AT THESE LEVELS
Terabemo !!!! Hummmm...Just a message for all correct users : AVOID Terabemoi !!!! Make profit by false information...Bad bad bad >:D
Quote from: terabemo on July 31, 2006, 03:05:58 PM
OK...last hour of trading before earnings....you should see one move in either direction...sometimes wildly because of the very tiny float
hey! stop stealing my analysis ! "move in either direction" is my reading of the market.......lol
maxi
GIGA will go gaga any day now. Keep an eye on this one
THIS ONE SHOULD GO UP ON MONDAY.....
IT IS FRIDAY EVENING AND CRAMER IS PUMPING THE ENTIRE DEFENSE/SECURITY SECTOR IN HIS MAD MONEY CNBC SHOW THIS EVENING. GIGA IS THE CHEAPEST, MOST UNDERVALUED, AND WITH A TINY 1.8M SHARE FLOAT.
Big buyers are lining up on the bid....looks like this puppy will start moving UP!!!
310 shares have been traded today. Not 310 thousand, just 310 as in three hundred and ten.
Quote from: terabemo on August 21, 2006, 10:02:45 AM
Big buyers are lining up on the bid....looks like this puppy will start moving UP!!!
well , what are they waiting for, a secret handshake?
either , in the 310 shares sold this morning each " big buyer" bought 1 share each, or you are pumping. which is it?
maxi
WELL....GIGA IS GOING GAGA AS WE SPEAK....BREAKOUT!!
NICE MOVE TODAY.....
GIGA WAS ONE OF NASDAQ's LARGEST WINNERS TODAY. CHART LOOKS GOOD.
http://stockcharts.com/gallery/?GIGA
I think this guy loves talking to himself. ;)
I love myself.......kiss...kiss...kisss....... >:D
LOL
"GIGA" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;)
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$ ;D
Friday's closing chart....... "Happy New Year" !
GIGA, with less than 2M share float, could be a big winner after it reports fiscal 3Q 2007 earnings this month.
GIGA will announce its earnings date this week. The pps and volume are starting to go up in anticipation of earnings and the start of the "January effect."
http://stockcharts.com/charts/gallery.html?giga
I expect GIGA to behave like it did in 2005 when it went steadily from about $2 to over $8 (see lower weekly chart above). This is because the fundamentals have improved significantly in recent months since the company was reorganized and realigned (compared to the 2006 performance when the stock underperformed).
Back in October 2006, GIGA gained $1 to $2.6 after it announced its 2Q 2007 earnings results, even though it posted a loss of over $400K. The loss, however, was significantly lower than the corresponding quarter the year before.
During the 2Q 2007 CC the CEO said that 3Q to be announced this month will be a lot stronger than 2Q and that it expects to break even. He expects further improvement in Q4 predicting that GIGA will return to profitability.....just like it did in 2005. The 2Q 2007 CC is still available at the company website.
GIGA is currently trading at a P/S of 0.5. Competitors trade at an average 2.0 P/S. Therefore, GIGA has a lot of room for upward movement to catch up with competetitors' valuations. GIGA's balance sheet remains strong.
About GIGA:
Giga-tronics Incorporated (Nasdaq: GIGA) engages in the design, manufacture, and marketing of various test and measurement equipment used in the development, test, and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems, and automatic testing systems. These products are used primarily in the design, production, repair, and maintenance of commercial telecommunications, radar, and electronic warfare equipment.
ray,what about haup? given up on that one? oh yes. so many stocks, so little time. soxguy
Soxguy,
I have my HAUP shares tucked away util after 1Q 2007 earnings in Late February. I am not a swing trader...I invest mid and long term. I buy low and sell high. My HAUP cost basis is just a little over $5. My target price is $10+. Stocks go up and down on a daily basis. I am not worried about the current downtrend because the fundamentals are strong and can support higher prices.
GIGA could be a nice surprise in 2007. I suggest that you listen the last CC.....it's in the website. You can sense the new CEO's excitement about the short and long term prospects.
OK....let's see if GIGA will have a gigayear this year. My bones tell me ..yessssss!!!
GIGA is ready to move up. See ya at $2.8 next week. Once the earnings day is announced, you will witness the power of GIGA. It reminds me a lot of HAUP when volume increases.
GIGA is GREAKING OUT!!!!
http://stockcharts.com/charts/gallery.html?GIGA
Keep an eye on GIGA. The company will announce it's 3Q earnings report date this week. I expect the stock to rally since guidance for the next two quarters is very bullish. In my opinion GIGA will behave just like it did 2 years ago when it went from $2 to over $8 (lower/weekly chart).
GIGA looking to move. Careful GIGA is a thinly traded stock though and move in either direction quickly. ;)
Quote from: rayongthai on January 08, 2007, 10:33:49 AM
GIGA is GREAKING OUT!!!!
http://stockcharts.com/charts/gallery.html?GIGA
Keep an eye on GIGA. The company will announce it's 3Q earnings report date this week. I expect the stock to rally since guidance for the next two quarters is very bullish. In my opinion GIGA will behave just like it did 2 years ago when it went from $2 to over $8 (lower/weekly chart).
Quote from: rayongthai on January 08, 2007, 10:33:49 AM
GIGA is GREAKING OUT!!!!
http://stockcharts.com/charts/gallery.html?GIGA
Keep an eye on GIGA. The company will announce it's 3Q earnings report date this week. I expect the stock to rally since guidance for the next two quarters is very bullish. In my opinion GIGA will behave just like it did 2 years ago when it went from $2 to over $8 (lower/weekly chart).
Sorry chart
Not so thinly traded today....
Vol %Change....... 1,516.56%
• Giga-tronics Incorporated Earnings Call scheduled for Fri, Jan 26
CCBN (Thu 12:26am)
52wk Range: 1.27 - 3.78
Volume: 1,699,696
Avg Vol (3m): 39,046
Technicals
Percentage Gainer
Last Price Quote is:
33.86%above 13-day MA
41.50%above 50-day MA
RS Rating: 98
Fundamentals
Earnings Expected on Jan 24
Key Data:
Market Cap (M): $6.64
P/E Ratio: 15.66
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
>:D
Your were warned once before,
to kill using all caps in the title of your thread.
m2machine, You stand on the threshold of being banned from this site.
Do you understand this?
I would think by now you would know to use the search before starting a new thread.
m2machine, the thread you just created has been merged with the one that already existed...
"GIGA" Threads have been Merged. "Again"
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.
All history on a stock pick in 1 thread is awesome.
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$
Once GIGA breaks the $1.72 resistance it could move past $2 in a hurry. Keep am eye on this one. I see $3+ all over this one after earnings
TARGET: $3+ AFTER EARNINGS.....MOVING UP ALREADY!!
http://stockcharts.com/charts/gallery.html?giga
ONLY 1.8M SHARE FLOAT....ONLY $6.4M MARKET CAP...$20M/YEAR REVENUES....BIG QUARTERLY EARNINGS COMING UP WITHIN 2 WEEKS.
Last month during the 4Q earnings release GIGA's CEO said that during fiscal 1Q 2008, to be reported within 2 weeks, it has won a large multi-million $$ contract that was originally expected to close in 2Q 2007.
Revenues have been increasing in recent quarters partly because of its successful recent agreement with Testmart (details below) is starting to show positive results:
http://finance.yahoo.com/q/is?s=GIGA (http://finance.yahoo.com/q/is?s=GIGA)
Most of the loss reported last quarter, or fiscal 4Q 2007, was due to a one-time $361K reorganization charge aimed at reducing SG&A costs to get back into profitable territory.
Adding the large contract won during 1Q 2008 to the recent revenue uptrend, it is easy to see that the upcoming report will likely obliterate the $3.38M revenue (and a large loss of over $1M) posted in 1Q 2007.
Seasonally, GIGA's strongest quarter is the 2nd fiscal quarter because the government closes its books at the end of September and they usually like to spend the money approved for the year. This means that GIGA will enjoy at least 2 strong quarters and probably more because of new products recently released and work underway to reduce costs.
In December 2006, GIGA and test-and-measurement marketer TestMart announced a Government Services Administation (GSA) partnership agreement designed to cost-effectively bring Giga-tronics test equipment lines to government and military customers. The agreement authorizes TestMart to present a catalog of Giga-tronics' RF and microwave test equipment and government marketplace services to Federal customers as part of the GSA Multiple Award Schedules (MAS) managed by TestMart.
Here are some examples of GIGA's products sold through TestMart:
http://search.testmart.com/ (http://search.testmart.com/)
GIGA rose 93.4% after it announced a multiyear agreement with Boeing. The agreement calls for Giga-tronics' Microsource subsidiary to produce fast-tune synthesized filter systems for the F/A-18 E/F aircraft. The agreement, which is expected to run for five years, is worth between $7.6 million and $11.6 million.
Israel is one on GIGA's largest customers. During the last conference call the company CEO said that it expects to get orders from Israel and that Israel continues to be a bright spot for defense related sales.
GIGA has traded as high as $8++ last year when it was profitable. This is because the float is very small at 1.8M shares with about 4.6M total outstanding shares.
ABOUT GIGA:
Giga-tronics (Nasdaq: GIGA) manufactures instruments, subsystems and microwave components used in the defense/national security and wireless telecommunications industries.
GIGA through its Microsource Inc., subsidiary sells components and provides technical supports to several types of Israeli aircraft[/b]. Microsurce Inc. develops and manufactures a line of yttrium, iron, garnet (YIG)-tuned oscillators, filters and microwave synthesizers. In addition to Israel, MicroSource has supplied the Defense Electronics market, supporting the world's leading Defense Contractors. MicroSource customers include Boeing, Lockheed Martin, Northrop Grumman, Raytheon Systems, BAE Marconi, Thales, Swiss Defense Procurement Agency, as well as a myriad of defense industry sub-contractors.
Giga-tronics Instrument Division. Produces microwave frequency synthesizers, signal sources, generators, sweepers and power measurement instruments in benchtop and VXI configurations for use in cellular, PCS, radar, satellite and telecommunication systems test and measurement applications in the defense and private sectors.
ASCOR Inc., which produces switch modules and interface adapters that operate with a bandwidth from direct current (DC) to 18 GHz.
GIGA is inching up ahead of earnings. This could be a record fiscal 1Q and major surprise compared to the very low expectations. Do your DD.
The Giga Is Up.......
This has to be the most hotly anticipated earnings call since the Internet bubble.
Giga-tronics (GIGA)
Tiny producer of test and measurement equipment for the wireless-communications industry, announced late last Thursday it would release second-quarter earnings Oct. 30.
The stock surged 46% last Friday to a two-year high of $3.76. Volume was 6.7 million shares for a stock that typically trades less than 10,000 shares a day. On Monday, the stock hit an intraday high of $4.27, 69% higher than last Thursday, before closing down 15 cents, or 4% to $3.61 on volume of 1.9 million shares.
"On a normal basis, we don't give out any forward-looking information and nothing new has transpired," says Pat Lawlor, Giga-tronics chief financial officer. "I'm glad to see the stock go up, but there's no reason I know of."
It's possible that the San Ramon, Calif., company has done well, but not this well. The word on Wall Street is that day traders and message-board junkies are confused and have mixed up their tickers.
It just so happens a similar-sounding company, GigaMedia (GIGM)
received a big boost last Thursday when Bear Stearns began coverage of the stock with an outperform rating. On Thursday, GigaMedia's stock jumped 14% to $20.90 on volume of 2 million shares. Its average daily volume appears to be around 500,000 shares.
"It makes sense that it was a mix-up in the ticker," says Lon Juricic, editor of StreetInsider.com, a financial news Web site. "When you have a micro-cap stock that surges on no news, and the day before, a company with a similar name gets a nice boost from Bear Stearns, you can put two and two together."
Giga-tronics is on a bit of an upswing. The company says 70% of its business is government oriented. It sells products that airplane maker Boeing (BA) puts into its planes for the U.S. military.
For the fiscal year ended March 31, it posted a net loss of $1.9 million, or 39 cents a share, double the loss of $988,000, or 20 cents a share, the previous fiscal year. Annual revenue fell 12% to $18.0 million year over year. For its most recent quarter ended June 30, the company returned to profitability, earning $92,000, or 2 cents a share, reversing the year-earlier loss of $1.0 million, or 21 cents a share. Revenue jumped 37% to $4.6 million.
Surprisingly, the day after it announced a real profit, on July 31, the stock gained 20% on volume of just 129,620 shares. Not bad, but not the frenzy of Friday.
CFO Lawlor says the company's trends are positive after restructuring the business over the past year, which included reducing the staff by 20% and closing some facilities.
<><><><><><><><><><><><><><><><><><><><><><><><><><><><>
52wk Range: 1.53 - 4.98
Volume: 1,269,691
Avg Vol (3m): 166,489
Technicals
Percentage Gainer
Last Price Quote is:
39.35%above 13-day MA
65.82%above 50-day MA
RS Rating: 99
Fundamentals
Earnings Expected on Oct 30
Key Data:
Market Cap (M): $18.08
P/E Ratio: 15.66
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Please read updated DD below
Keep an eye on GIGA $1.4. This is an explosive low floater....with only 2M shares on the float. 4Q and FY 2008 Earnings coming up.
This will be the first profitable year in three years. The restructuring that started a year ago is showing positive results already.
GIGA has reported 3 profitable quarters in a row.
http://finance.yahoo.com/q/is?s=GIGA (http://finance.yahoo.com/q/is?s=GIGA)
But I believe a big one is coming up. GIGA has recently won large contracts from the Harris Corp. and Boeing for defense and commercial applications. Both companies are doing great lately.....in fact most of the defense and national security sectors are very strong.
GIGA announced last quarter that it has entered the Asia market with an emphasis in China. With a very lean cost structure, GIGA could increase its bottom line significantly with new revenues coming from Asia.
GIGA provides all types of instrumentation for planes, rockets, helicopters, tanks, submarines, and land-based and wireless telecom applications.
Here is a recent interview with GIGA's CEO and CFO:
http://media.corporate-ir.net/media_files/irol/76/76163/wallstreet_transcript.pdf (http://media.corporate-ir.net/media_files/irol/76/76163/wallstreet_transcript.pdf)
GIGA has a has a strong balance sheet and a small float of less than 2M shares. GIGA's market cap is only $7M
About GIGA:
Giga-tronics Incorporated engages in the design, manufacture, and marketing of various test and measurement equipment used in the development, test, and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems, and automatic testing systems. These products are used primarily in the design, production, repair, and maintenance of commercial telecommunications, radar, and electronic warfare equipment.
Government Services Administation (GSA) Agreement will be a HUGE deal for GIGA
Giga-tronics, TestMart Team On GSA Agreement
Test-equipment manufacturer Giga-tronics and test-and-measurement marketer TestMart have announced a Government Services Administation (GSA) partnership agreement designed to cost-effectively bring Giga-tronics test equipment lines to government and military customers.
The agreement authorizes TestMart to present a catalog of Giga-tronics' RF and microwave test equipment and government marketplace services to Federal customers as part of the GSA Multiple Award Schedules (MAS) managed by TestMart. TestMart also provides order processing through the GSA's e-commerce website at www.gsaadvantage.gov (http://www.gsaadvantage.gov).
Here are some of GIGA's products in TestMart's catalog:
http://www.testmart.com/estore/ctmf.cfm/MANUF_CODE/-/GIG.html (http://www.testmart.com/estore/ctmf.cfm/MANUF_CODE/-/GIG.html)
For more information about Giga-tronics, visit their website at www.gigatronics.com (http://www.gigatronics.com). For more information about TestMart, visit their website at www.testmart.com (http://www.testmart.com).
GIGA will report 2Q and FY earnings AH today. First profitable year in 3 years. 2M share float. Radar it
GIGA is known to gain $2 to $4 after strong earnings. I believe we will see that again when the company reports fiscal 4Q and FY 2008 AH today
So far for 2008 GIGA has 6c/share net income vs. a loss of 29c/share last year. 2008 will be the first profitable year in 3 years thanks to a successful restructuring.
- 3 Profitable Quarters in a row.
- 2M share float. $9M Market Cap.
- Recent Significant Contracts with Boeing and Harris Corporation.
- Recent Expansion Into Asia with Emphasis in China.
- Recent Agreement Government with Government Services Administration.
Government Services Administration (GSA) Agreement will be a HUGE deal for GIGA
Giga-tronics, TestMart Team On GSA Agreement
Test-equipment manufacturer Giga-tronics and test-and-measurement marketer TestMart have announced a Government Services Administration (GSA) partnership agreement designed to cost-effectively bring Giga-tronics test equipment lines to government and military customers.
The agreement authorizes TestMart to present a catalog of Giga-tronics' RF and microwave test equipment and government marketplace services to Federal customers as part of the GSA Multiple Award Schedules (MAS) managed by TestMart.
About GIGA:
Giga-tronics Incorporated engages in the design, manufacture, and marketing of various test and measurement equipment used in the development, test, and maintenance of wireless communications products and systems, flight navigational equipment, electronic defense systems, and automatic testing systems. These products are used primarily in the design, production, repair, and maintenance of commercial telecommunications, radar, and electronic warfare equipment.