GIGA

[rayongthai]

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).

[kslifka]

GIGA looking to move.  Careful GIGA is a thinly traded stock though and move in either direction quickly.

[kslifka]

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 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

[setravis]

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

[m2machine]

 

[setravis]

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?

[setravis]

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 $$$       

[m2machine]

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

[m2machine]

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

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/

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.

[m2machine]

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.

[setravis]

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.

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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

 
 

[bounceahead]

Please read updated DD below

[bounceahead]

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

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

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.

[bounceahead]

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.

Here are some of GIGA's products in TestMart's catalog:

http://www.testmart.com/estore/ctmf.cfm/MANUF_CODE/-/GIG.html

For more information about Giga-tronics, visit their website at www.gigatronics.com. For more information about TestMart, visit their website at www.testmart.com.

[videogeek]

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.