May 5, 2008, 1:29 pm
Alvarion Shares Jump On Strong Q1
Posted by Eric Savitz
Alvarion (ALVR) shares are gaining ground today on stronger-than-expected Q1 results.
For the quarter, the WiMax equipment provider posted revenue of $67.2 million and non-GAAP EPS of 3 cents; the Street had expected $65.3 million and 2 cents.
For Q2, the company sees revenue of $67 million to $71 million, and non-GAAP profits of 0-4 cents a share; the Street has been expecting $68.6 million and 3 cents.
ALVR today is up 63 cents, or 9.3%, to $7.41.
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This company is firing on all cylinders and likely sandbagged the next quarter with a low ball estimate. This stock was at 14-15 PPS last October, before small caps got crushed, and will likely return to that level or higher, as wimax takes hold in the rest of world.
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May 5, 2008 at
2:13 pm
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
