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InvestmentCACS Carrier Access
« Previous 1 2 3 4 5 6 7 8 9 Next » » EPS - Profits! Revenue up 49%!!! In response to Profits! Revenue up 49%!!! posted by Kirk:I tried tuning in to the conference call on two different computers, but to no avail. Has anyone else listened in and have any feedback? I sure would appreciate knowing what management thinks about business going forward. -- posted by EPS » Jas_Jain - New CACS Charts! In response to New CACS Charts! posted by Kirk:-- I wonder if Tiger knows about Kirk's superb record of trading CACS. If someone is a long-only trader, Kirk's ideas make sense. The only question is: what if the broad market goes down 20%? Jas -- posted by Jas_Jain » EPS - New CACS Charts! In response to New CACS Charts! posted by Jas_Jain:I have been trading CACS more aggressively than Kirk's trading, so I would expect CACS to get hammered with a broad downturn. I have ridden buys from the $13's down to the $4's, and believe me, you have got to have an iron gut. But the key to success is twofold: 1. Is the company going broke? If not, consider the company on clearance sale with an extra discount taken at the register. 2. Buy twice as much (or more) at the new low,low price than you would have at the regular price. While I have been succesful with Krik's method, I take it on the chin occasionally, both from the broad market environment and from my own panic buying / greed selling. I rarely sell when down; rather, I tend to buy on dips too quickly before bottoms appear and sell gainers too quickly before they top off. Anyway, kudos to Kirk for the discipline in his newsletter. -- posted by EPS » SteveT - Carrier Access Reports Second Quarter 2006 Financial Results Press Release Source: Carrier Access Carrier Access Reports Second Quarter 2006 Financial Results Revenue Increases 32% to $24.9 Million BOULDER, CO--(MARKET WIRE)--Jul 25, 2006 -- Carrier Access Corporation (NASDAQ:CACS - News), a manufacturer of broadband communications equipment, today reported second quarter 2006 revenue of $24.9 million, up approximately 32% from $18.9 million reported in the second quarter of 2005. Revenue for the six months ended June 30, 2006 was $46.8 million, up 39% from $33.6 million reported from the comparative six months ended June 30, 2005. On a GAAP basis, net loss for the second quarter of 2006 was $(903,000), or $(0.03) per diluted share as compared with a GAAP net loss of $(1,449,000), or $(0.04) per diluted share for the second quarter of 2005. The GAAP net loss for the six months ended June 30, 2006 was $(839,000), or $(0.02) per diluted share, compared with a GAAP net loss of $(6,459,000) or $(0.19) per diluted share for the comparative six months ended June 30, 2005. Non-GAAP net income in the second quarter of 2006 was $13,000, or $0.00 per diluted share, compared to a non-GAAP net loss of $(1,142,000) or $(0.03) per diluted share for the second quarter of 2005. Non-GAAP net income for the six months ended June 30, 2006 was $958,000 or $0.03 per diluted share, compared to a non-GAAP net loss of $(5,845,000) or $(0.17) per diluted share for the six months ended June 30, 2005. Non-GAAP financial measures exclude stock-based compensation expense and amortization of purchased intangibles, including any income tax effects. GAAP net loss for the three and six months ended June 30, 2006 includes stock-based compensation expense related to the adoption of Statement of Financial Accounting Statement SFAS 123(R) of $609,000, or $0.02 per diluted share, and $1,183,000, or $0.03 per diluted share, respectively. GAAP net loss for the comparative three and six month periods ended June 30, 2005 did not include stock-based compensation expense. Including the pro-forma stock-based compensation expense previously disclosed in Carrier Access' condensed consolidated financial statement footnotes, GAAP net loss for the three and six month periods ended June 30, 2005 would have been $(1,749,000) or $(0.05) per diluted share and $(7,688,000) or $(0.22) per diluted share, respectively.(1) The reconciliation of the GAAP net income and per share amounts to the respective non-GAAP amounts for the three and six months ended June 30, 2006 and 2005 is set forth at the end of this press release. "We are pleased with our second quarter 2006 financial results," said Roger Koenig, Carrier Access' president and chief executive officer. "We grew revenue by about 32% quarter over quarter, maintained a stable gross margin and were able to break even for the quarter on a Non-GAAP basis. We achieved these results even while increasing our development expenses by $3.3 million to $7.6 million quarter over quarter. In addition, we increased our cash, cash equivalents and investments in marketable securities by $2.2 million and were cash flow positive for the fifth consecutive quarter. We continue to believe that our major investments in research and development in 2006 to develop and accelerate development programs for next generation wireless and converged business access products will favorably position us to enable the continued expansion of multimedia communication services for our customers." Carrier Access will hold a conference call today, July 25, 2006 at 4:30 p.m. ET to review second quarter results. The call is open to the public. Those who wish to participate should dial (703) 639-1224, domestically or internationally, at least fifteen minutes prior to the scheduled start time for the call and reference Carrier Access Second Quarter 2006 Earnings Call. The conference call will be available live via the Internet by accessing the Carrier Access web site at http://www.carrieraccess.com under the Investor Relations section. An online replay of the conference call, as well as the text of the Company's earnings release, will also be available on the Investor Relations site at http://www.carrieraccess.com. (1) Pro-forma compensation expense under SFAS 123, among other computational differences, does not consider potential pre-vesting forfeitures. Because of these differences, the pro-forma stock compensation expense presented above for the prior three and six month periods ended June 30, 2005 under SFAS 123 and the stock compensation expense recognized during the current three and six month periods ended June 30, 2006 under SFAS 123(R) are not directly comparable. In accordance with the modified prospective transition method of SFAS 123(R), the prior comparative quarterly results have not been restated. About Carrier Access Carrier Access (www.carrieraccess.com) designs and manufactures carrier class equipment that allows service providers and their business customers to evolve their networks gracefully to IP, resulting in increased network capacities, lower costs, and accelerated service revenues. Carrier Access is the leading provider of radio access network technology in North America, with tens of thousands of cell site nodes deployed, and is also a leading provider of VoIP solutions that converge voice and data access over IP network connections. To date, Carrier Access has delivered more than 285,000 communications systems in 36 countries, supporting 8.6 million voice and data lines. This press release contains forward-looking statements, within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, concerning the effect of our investment in research and development, our growth prospects in wireless and converged access and sales of our products. These statements are subject to risks and uncertainties, including potential discrepancies between management's current estimates and the final operating results for 2006. Our results of operations for the three and six months ended June 30, 2006 are unaudited and subject to change. We caution that actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, continuing uncertainty regarding general economic conditions, changes in capital spending by carriers and telecommunications companies, market acceptance of our products, dependence on a single customer and other problems with or at our customers, distributors, OEM's and/or suppliers, growth rates within our industry, the financial stability of our customers, the introduction of new competition and technologies, and other risks and uncertainties including those factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2005, Quarterly Report on Form 10-Q for the three months ended March 31, 2006 and other documents periodically filed with the Securities and Exchange Commission. We do not undertake any obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise. CARRIER ACCESS CORPORATION
Liabilities and Stockholders’ Equity CARRIER ACCESS CORPORATION
Loss per share Weighted average common shares CARRIER ACCESS CORPORATION Six Months Ended
Three Months Ended Six Months Ended US GAAP: Net Loss reported per Use of Non-GAAP Financial Information To supplement our condensed consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP), we provide investors with certain non-GAAP financial measures, including non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for net income (loss) or diluted net income (loss) per share prepared in accordance with GAAP. We believe that these non-GAAP measures are used by and are useful to investors and other users of our financial statements in evaluating our operating results and comparative trends, as well as to facilitate comparisons with our historical operating results. The non-GAAP results are an indicator of our baseline performance before gains, losses or other charges that are considered by management to be outside of our core operating results and are excluded by management for purposes of evaluating performance against internal budgets and in making operational decisions. In addition, these non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. Investors should review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables above. Pro-forma compensation expense under SFAS 123, among other computational differences, does not consider potential pre-vesting forfeitures. Because of these differences, the pro-forma stock compensation expense presented above for the prior three and six month periods ended June 30, 2005 under SFAS 123 and the stock compensation expense recognized during the current three and six month periods ended June 30, 2006 under SFAS 123(R); are not directly comparable. In accordance with the modified prospective transition method of SFAS 123(R), the prior comparative quarterly results have not been restated.
Contact: Source: Carrier Access
-- posted by SteveT » SteveT - Carrier Access inks 3-year supply deal with Cingular http://www.marketwatch.com/News/Story/St... By Gabriel Madway SAN FRANCISCO (MarketWatch) -- Carrier Access Corp.(CACS) said Tuesday it has signed a 3-year supply agreement with Cingular Wireless to provide radio access network equipment. Shares of Boulder, Colo.-based Carrier Access rose 3.2% to $7.43. -- posted by SteveT » hickfish - Niner-Niner-niner! $9.31 In response to Niner-Niner-niner! $9.31 posted by Kirk:
I should have notified you of a good bullish indicator. I joined you in your last sell around $8.15, but sold a much larger percentage than I should have. All for gains from the 4s, but I am kicking myself now. I did the same thing out of fear with several stocks in October 2003, and kicked myself then too. If history repeats, lots of upside. -- posted by hickfish » doctorj2 - CACS I first bought CACS back in Feb. 2004 at $11.09 after it had dropped from around $18 a few weeks earlier. Bought it all the way down to $5.91 on 8/6/04 then sold 1/3 (2000sh) of my 6000shares in Nov. & Dec. 2004 for about $10. Bought those shares back plus another 1000sh between $4.30 and $4.80 in 2005 and early 2006. In April 2006 I sold 500sh at $7.63 and another 500sh at $8.22 then bought those shares back in June and July at $7.24 and $6.95. Today I sold 1000sh of CACS at $9.16 giving me the same 6000sh I owned back in August 2004 except my cost basis is now just below $5 and back in August 2004 it was $7.66. Had I just bought 6000sh at $11.09 back in Feb. 2004 I'd be down more than $10K instead of up more than $31K at today's closing price. Buy low and buy more lower and sell high and sell more higher as Kirk suggests and you can usually do much better than simply buying and holding. Of course, the trick is to avoid companies heading for bankruptcy. -- posted by doctorj2 » codfish - CACS In response to CACS posted by doctorj2:
-- posted by codfish » doctorj2 - Tech or Energy Stocks? In response to CACS posted by codfish:
-- posted by doctorj2 
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