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A box play can work well...especially with how this one has been trading...
They didn't sell it off far enough into the close so I decided to roll the dice and see if I can buy back the $15 calls cheaper in the morning...
I'm inclined to think the shorts will try to knock it down at the open.
Wish you well...
im a little bit bipolar, lol, I have some puts and some calls both.
I think as soon as $16 gets in view we'll see some serious covering....
Apparently buying pressure stepped up today after it failed on Monday.
Looks like the shorts are buying cover.
I hope you covered your puts...
Sold a few of my $15 calls a few minutes ago...
Fingers crossed there's some end of day profit taking to rebuy.
Got to love speed!! I could use one of those for porn. LOL!!!
text
In other SSD news, STEC Corp. plans to begin shipping next week a new enterprise-class ZeusIOPS SSD with serial-attached SCSI interface. The new drive would have a 6Gbit/sec SAS interface compared with the current 3Gbit/sec SAS SSD, according to an STEC representative. The new ZeusIOPS SAS SSD will support sequential read rates of up to 350MB/sec and write rates of 300MB/sec.
The company is also planning a new follow-on to its Mach8 SATA SSD, which will double the interface throughput to 3Gbit/sec and include support for native encryption. The Mach16 SSD drives are expected out in the second quarter of 2010, and will support read rates of 250MB/sec and write rates of 225MB/sec.
Lionmaster found this nice. New product.With half the float short this could go supernova fast!
http://www.computerworld.com/s/article/9140639/Intel_to_roll_out_new_low_cost_and_high_end_SSDs
Contrarian indicator - Cramer says don't get into STEC due to year end tax loss selling. LOL
Hmmm, looks like this may be a bottom bounce?
Bought a few $15c's this morning just in case....
Could give the shorts a shiver as it pushes towards $15
maybe that was the bottom?
Really trading with wild swings today...
Shorts buying...capitulation...?
Buying kicked in just after 10:30
Puts have been the play to be sure and likewise I suspect the gap is going to fill.
probably after it fills in that gap, around 10.25, im riding puts right now, I'll switch after the bottoms.
Short position is around 46% and growing....this may bounce hard once it hits bottom. Where ever that might be...$10?
Q didn't look bad...at some point buyers will think its cheap and push the shorts...
Looks aweful oversold-gotta bounce soon imho.
Analyst reaction.
http://www.streetinsider.com/Analyst+Comments/STEC+Inc+(STEC):+Colour+on+quarter+-+Setting+up+for+a+bounce%3F/5073110.html
November 4, 2009 8:11 AM EST
Wanted to highlight some comments on STEC Inc (NASDAQ: STEC) following results (stock was down 30% in after hours trading):
- Needham says they remain positive about enterprise SSD opportunity in 2010, but recognize that the EMC inventory overhang clouds the story temporarily. Despite this dynamic, they are comfortable with at least $2 in earnings power for 2010, leaving the stock compelling following the overreaction to 3Q/4Q earnings.
ZeusIOPS revenue improves slightly. ZEUSIOPS revenues were approximately $60.7 million, up from roughly $57 million in the previous quarter but below firm's original estimate for $68 million.
Estimated reserves announced against recent $120 million supply arrangement (who they believe is EMC) for sales & marketing efforts to facilitate sell-through at customer, which indicated it may now carry inventory into 1Q2010.
Adjusting estimates. Revising 4Q estimates to $102 million in revenue and $0.52 in non-GAAP EPS, vs. their prior $105 million and $0.50. For 2009, their forecast becomes $350 million and $1.60, vs. prior $351 million and $1.57.2010 estimates revised to $420 million and $2.00 fro previous $464 million and $2.30.
Nevertheless the downdraft in the stock in the aftermarket presents an opportunity to investors that can see through the inventory noise. Needham sees this opportunity and maintain their Strong Buy, but lower their target to $30 from $46 based on 15x C2010 EPS of $2.00, a conservative multiple given 30-50% EPS growth.
- J.P. Morgan maintains their Overweight rating but lowers target to $42 (prev. $50) saying STEC’s 3Q earnings call did not offer any antidote to keep the bears from roaring. They expect the stock to be down in the near term. The company reported a solid print, but the outlook lacked major upside, which the stock has been built to expect. More important, the sudden cloudiness around its top customer is not a positive development. Excess inventory at EMC and the establishment of a new marketing program stand to fuel investors’ concerns of growing pains or competitive shifts in the making. The company suggested the former, but in any event, firm's view on STEC stands to be bruised in the near term.
Customer concentration exacts a toll on the near term. STEC commented that there is an undisclosed level of excess inventory of its ZeusIOPS SSDs at EMC, which could spill into 2010. JPM expects investors to be disappointed, and the news could raise the specter of competitive risks in the making or EMC customers adopting SSDs at lower rates. All this comes in the face of recent comments out of EMC that its SSD-related business has gained traction.
Outlook lacks upside potential to the Street consensus. STEC shares have been under pressure the past two months. Investors’ expectations have been reduced but still tuned for upside. For the Dec. qtr, STEC’s guidance likely is not enough to prop up the stock, despite the reduced expectations. STEC expects revs of $101-103 million and non-GAAP EPS of $0.51-0.53. The Street consensus had been at $107 million in revs and EPS of $0.52 prior to yesterday’s call.
STEC stands to be in the penalty box. JPM maintains their Overweight rating on STEC. They continue to believe that the enterprise SSD market is a high-growth market and that STEC should be a lead beneficiary. This central part of their thesis stands to be overshadowed in the near term by the EMC set back. STEC’s stock stands to languish pending greater clarity on the EMC and IBM ramps.
Notablecalls: I see at least 2 downgrades (ThinkEquity & Oppenheimer) on STEC this morning so playing the bounce here is not for the faint hearted. Yet, with 50% short interest and with the stock now more than halved from its $40 peak levels, we may witness one.
If one can bring himself or herself to looking past the EMC inventory issue, SSD is still an interesting opportunity in the longer-term. The stock is not expensive here considering $2+ EPS power.
I think the shorts will not be scrambling to cover just yet but some will ring the register, given the huge gains they are sitting on. What I have learned over the years is that shorts have a lot of patience. More than most longs, for that matter.
SSD is a new tech so give it some wiggle room.
Personally, I'm keeping it small buying some around $16 and adding some possibly closer to $15 level. Again, this is NOT for the faint hearted.
when it bottoms I will probably load up on calls and hold them,
probably but again...it's a investment at least until it doubles.....bought at $24 earlier this year and sold at $38....it will be back and if it drops significantly over the next few days. i'll load up more....although i'm pretty loaded now ! : )
you'll probably be able to get it cheaper tomorrow, imo
i loaded up at 14.20 and i'm very familiar with this industry. not short term but if you want a good investment for 18 - 24 months, LOAD UP ! do you think facebook , my space, you tube and EVERYTHING ELSE in this culture uses LOTS OF DISK STORAGE? DUH !
They sold their stock after the EMC $100 million order. They answered that question on the call.
They beat in Q3, matched in Q4 and warned on Q1 2010 a long ways out. They are on pace for $1.49 in FY2009 so the PE is getting in line.
They have not received any orders from IBM yet. So these guidance's are basically 60-90 percent EMC.
Huge buying opportunity.
This product is as green as it gets for computer rooms.
So much less electricity.
I was reviewing some of the recent past filings....
Check the Form 4's from 8/14...Moshayedi Mehrdad (President / Coo) and Moshayedi Manouch (CEO) sold a total of 9m shares @ $29.76 for a cool $268 million !!
Hmm..what are the odds of both the Pres / Coo and the CEO having the same first name?! Both have the same address as well...
Something hinkie?
It is worth a look-see here... I've actually been watching and so glad I didn't pull the trigger before earnings....which were quite good. The drawback is the huge customer who's going to have some inventory left at year end and won't need to place new order as early as previously planned.
this one just got hosed in ah, down over 40% on good earnings.
I picked up some of this today for a bounce, its probably not at bottom yet though.
As of today 8-13-09
35.95/200
Bid/Size
36.18/1200
Ask/Size
34.40
Price Open
33.62
Previous Close
36.57
Day High
32.89
Day Low
1.80
Beta (5yr)
36.59/7/30/09
52wk High/Date
3.42/12/16/08
52wk Low/Date
1.8 Billion
Market Capitalization
49.5 Million
Shares Outstanding
92.60
Volatility Avg (20 day)
4.8 Million
Avg Vol (10 day)
78.3x
P/E Ratio
0.466
EPS (TTM)
STEC Drives Integrated Into IBM Servers
Thursday 08/13/2009 7:54 AM ET - Investrend
As of 4:00 PM ET 8/13/09
(Comment on this article at http://www.financialwire.net/2009/08/13/stec-drives-integrated-into-ibm-servers/)
August 13, 2009 (FinancialWire) -- STEC, Inc. (NASDAQ: STEC) announced that STEC's MACH8IOPS Solid State Drives are now integrated and shipping into several versions of IBM's (NYSE: IBM) System x server series. These diskless versions of the System x represent an Enterprise- Server platform relying solely on SSD technology with higher performance and lower-power consumption than that of traditional drives.
Designed for transaction-intensive industries, the MACH8IOPS SSD-enabled System x is capable of delivering much higher IOPS performance with fewer drives compared to an HDD-enabled version. A MACH8IOPS-enabled System x not only offers high performance and better system efficiency, but also delivers lower cost of ownership by significantly reducing the system's footprint, power consumption, and associated hardware costs.
"Today's announcement adds significant momentum to our MACH8IOPS product line, particularly since the Enterprise-Server market has been viewed as being one of the more competitive sectors for SSDs," said Manouch Moshayedi, chairman and chief executive officer of STEC. "We believe enterprise servers and blades represent a very large and growing market where 25-30 million HDDs are being used each year. Our MACH family of products are a great fit for this market."
STEC's MACH8IOPS SSD is revolutionizing the storage world by delivering to the users the ultimate level of reliability and performance in a fully integrated device. At the heart of the MACH8IOPS SSD is STEC's leading-edge controller, able to address multiple flash chips simultaneously for enterprise-level performance. In addition the MACH8IOPS incorporates the enterprise necessary, full data path protection, STEC's proprietary set of algorithms capable of protecting data anywhere in the path from HOST to Flash for the ultimate in data loss prevention. The MACH8IOPS SSD product family offers a comprehensive array of options for enterprise system architects and thus STEC's MACH8IOPS SSD is among the few Solid State Drives trusted for Enterprise-Storage environments.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
http://www.financialwire.net
STEC Delivers Industry's First Enterprise Class 6Gb Serial Attached SCSI (SAS) Solid State Drive (SSD)
15 minutes ago - Globenewswire
As of 4:00 PM ET 8/11/09
STEC, Inc. (Nasdaq:STEC), today announces STEC's 6Gb SAS ZeusIOPS SSDs at Flash Memory Summit (FMS) are now sampling into high-performance Enterprise storage and server systems. The advancement is expected to generate additional momentum for the successful STEC's SAS SSD series which has already been widely adopted with the 3Gb SAS ZeusIOPS. The 6Gb SAS ZeusIOPS SSD will deliver an unprecedented 80,000 IOPS Random Read, 40,000 IOPS Random Write with transfer speeds of 550MB/s read and 300MB/s write. Available in both 2.5" and 3.5" form factors and supporting SLC and MLC Flash, this next generation 6GB SAS ZeusIOPS SSD is expected to be in full production by end of Q4.
Fulfilling the demand for high-performance and high-reliability SSDs, STEC is once again elevating the performance metrics by increasing Read/Write performance by 3x and lowering the maximum latency to 10x over its 2nd generation ZeusIOPS.
"STEC was among the first to introduce SAS-based SSDs into the Enterprise Storage market and today leads it into the next generation by advancing its performance and reliability," said Manouch Moshayedi, Chairman and Chief Executive Officer of STEC. "Our goal is to keenly follow the current and future needs of our customers and continue to deliver the latest in Enterprise SSD technologies that will allow for the maximum performance of SSDs in their systems. Having anticipated the acceleration of SAS adoption among our major customers, the introduction of our 6GB SAS interface ZeusIOPS is yet another example of this as we have designed our next-generation SAS ZeusIOPS SSD to meet the higher performance needs of the market."
For more information regarding this announcement and other important SSD topics, please visit the company's web site at www.stec-inc.com/ssd/technology.
About STEC
STEC, Inc., with headquarters in Santa Ana, California and offices around the globe, designs, manufactures and markets high performance storage solutions. The company's product portfolio includes the industry's broadest SSD offerings. For more information, visit the company's web site at http://www.stec-inc.com
STEC is a registered trademark of STEC, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.
The STEC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1079
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements concerning: specifications and performance attributes of STEC's SSD products, including the ZeusIOPS products; expected full production date of ZeusIOPS products; and goals regarding customer and market needs. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. Although STEC believes that the forward-looking statements contained in this release are reasonable, it can give no assurance that its expectations will be fulfilled. Important factors which could cause actual results to differ materially from those expressed or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by STEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The information contained in this press release is a statement of STEC's present intention, belief or expectation. STEC may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in STEC's assumptions or otherwise. STEC undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: STEC, Inc.
STEC, Inc.
Mitch Gellman, Vice President of Investor Relations
(949) 260-8328
ir@stec-inc.com
STEC (STEC) Bullish Technical Alert - Trend Up 460.2%
8 minutes ago - Comtex Smartrend(r)
As of 1:32 PM ET 7/22/09
STEC (NASDAQ:STEC) is trading 1.3% higher (up $0.45 to $34.23) today on volume of 772,417 shares. The stock has breached its 52-week high of $34.10.
STEC is currently above its 50-day moving average of $20.99 and above its 200-day moving average of $9.70.
SmarTrend is bullish on shares of STEC and our subscribers received an Uptrend alert on March 11, 2009 at $6.11, which has returned 460.2% to date.
It's been an awesome 9 months and more to come IMO for this sector... the PR just keeps coming in.....
I consider STEC a pure play in SSDs. Any others out there??? Thanks.
STEC (NasdaqNM: STEC) opened at $29.96. So far today, the stock has hit a low of $29.60 and a high of $32.00. STEC is now trading at $30.84, up $3.25 (11.78%). Over the last 52 weeks the stock has ranged from a low of $3.42 to a high of $28.37. STEC shares are trading higher this morning on news it signed an agreement with an enterprise storage customer to sell $120 million of ZeusIOPS SSDs in the second half of 2009. This could be a good sign for STEC. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for STEC. If you are looking for a hedged play on STEC the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 25 range.
STEC Signs a $120 Million Supply Agreement for ZeusIOPS SSDs for 2H 2009 and Now Forecasts Sales of ZeusIOPS SSDs to Exceed $220 Million in 2009
5 minutes ago - Globenewswire
As of 9:30 AM ET 7/16/09
STEC, Inc. (Nasdaq:STEC), announced today that it has signed an agreement with one of its largest enterprise storage customers for sales of $120 million of ZeusIOPS SSDs in the second half of 2009. STEC believes that this agreement reflects the enterprise storage manufacturer's continued commitment to integrate STEC's SSD technology into the manufacturer's systems and validates significant storage system performance improvements enabled by STEC's ZeusIOPS SSDs in these enterprise systems. With this agreement signed, STEC now forecasts revenue from the sale of its ZeusIOPS drives will exceed $220 million in 2009.
"We are pleased to see that sales of our customer's enterprise storage systems utilizing our ZeusIOPS drives have grown significantly over the past few years," said Manouch Moshayedi, Chairman and Chief Executive Officer of STEC. "Our customers have helped evangelize this technology and we are glad to be partnered with them as we expect that they will help drive further innovation in SSD usage in the highest-end of the enterprise storage markets."
The STEC ZeusIOPS SSD product family offers a comprehensive array of options for enterprise system architects. ZeusIOPS SSD provides a wide range of interface options, spanning Fibre Channel to SAS to SATA, as well as the widest range of capacity options, spanning 73GB to 1TB. Fundamental to the ZeusIOPS product family is the proprietary SSD architecture which renders an enterprise-optimized storage device with an unprecedented combination of performance and energy efficiency.
For more information regarding this announcement and other important SSD topics, please visit the company's web site at www.stec-inc.com
About STEC
STEC, Inc., with headquarters in Santa Ana, California and offices around the globe, designs, manufactures and markets high performance storage solutions. The company's product portfolio includes the industry's broadest SSD offerings. For more information, visit the company's web site at http://www.stec-inc.com
The STEC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1079
STEC is a registered trademark of STEC, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements concerning forecasted sales of ZeusIOPS SSDs exceeding $220 million in 2009; continued adoption of SSD technology; enterprise storage manufacturer's continued commitment to integrate STEC's SSD technology into the manufacturer's systems; customers' expected further innovation in SSD usage in the enterprise storage markets; and specifications and performance attributes of STEC's SSD products, including the ZeusIOPS products. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. Although STEC believes that the forward looking statements contained in this release are reasonable, it can give no assurance that its expectations will be fulfilled. Important factors which could cause actual results to differ materially from those expressed or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by STEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The information contained in this press release is a statement of STEC's present intention, belief or expectation. STEC may change its intention, belief, or expectation, at any time and without notice, based upon any changes in such factors, in STEC's assumptions or otherwise. STEC undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: STEC, Inc.
STEC, Inc.
Mitch Gellman, Vice President of Investor Relations
(949) 260-8328
ir@stec-inc.com
High of $26 today.....
Latest News Headlines for STEC Inc
US HOT STOCKS: Savient Pharma, Adobe Active In Late Trading
Tuesday 06/16/2009 4:49 PM ET - T
U.S. stocks closed down Tuesday, as the Dow Jones Industrial Average fell 1.2% to 8504, the S&P 500 slipped 1.3% to 912 and the Nasdaq Composite lost 1.1% to 1796. Among the companies actively trading in the after-hours session are Savient Pharmaceuticals Inc. (SVNT), Adobe Systems Inc. (ADBE) and Whiting Petroleum Corp. (WLL).
SmarTrend(R) News Watch: STEC Boosts Guidance, Shares Surge
Tuesday 06/16/2009 3:30 PM ET - Comtex SmarTrend(R)
STEC Inc. (NASDAQ:STEC) shares jumped 28% after the memory chip manufacturer increased its guidance, now anticipating EPS ex-items of 32-36 cents, vs. consensus estimates of 21 cents per share. That is higher than prior guidance of 20-22 cents announced May 11th. The company also said it see revenues in the quarter of $82 million to $84 million, up from prior guidance of $68 million to $70 million. Consensus estimates are for revenue of $69 million. The increase in EPS and revenue is larg
STEC (STEC) NewsBite - STEC Hits 52-Week High
Tuesday 06/16/2009 3:00 PM ET - FreshBrewedMedia
STEC (NasdaqNM: STEC) hit a new 52-Week high of $23.89 so far today. Currently the stock is up $5.27 (29.25%) to $23.29 on 8,142,490 shares traded. Today's high is up $19.87 from a 52-Week Low of $3.42. STEC stock has been showing support around $17.01 and resistance in the $19.49 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for STEC. If you are looking for a hedged play on STEC the stock seems like it could be a candidate for a July
US HOT STOCKS: La-Z-Boy, STEC, Matrixx Initiatives
Tuesday 06/16/2009 2:07 PM ET - T
U.S. stocks were down Tuesday, as the Dow Jones Industrial Average recently fell 75 points to 8537 and the S&P 500 slipped 9 points to 915. The Nasdaq Composite lost 11 points to 1805. Among the companies actively trading are La-Z-Boy Inc. (LZB), STEC Inc. (STEC) and Matrixx Initiatives Inc. (MTXX).
US HOT STOCKS: La-Z-Boy, STEC, Harman, American Caresource
Tuesday 06/16/2009 12:25 PM ET - T
U.S. stocks were mixed Tuesday, as the Dow Jones Industrial Average recently fell 25 points to 8587 and the S&P 500 slipped 1.5 points to 922. The Nasdaq Composite added 3.7 points to 1821. Among the companies actively trading are La-Z-Boy Inc. (LZB), STEC Inc. (STEC) and Harman International Industries Inc. (HAR)
STEC Up 275.3% Since SmarTrend's Buy Recommendation
Tuesday 06/16/2009 10:31 AM ET - Comtex SmarTrend(R)
SmarTrend, our proprietary pattern recognition system, called an Uptrend for STEC Inc (NASDAQ:STEC) on 03/11/2009 at $6.11. Since then, STEC has returned 275.3% as of today's recent price of $22.91.
$3.55 to $16.20 in 6 months and it's not over with...unbelievable... not to many companies out there capable of this.....
barrons again
STEC could serve up hefty gains-Barron's
Sun May 17, 2009 3:31pm EDT
NEW YORK, May 17 (Reuters) - Disk drive and flash memory technology developer STEC Inc (STEC.O) is one of the bright spots in computer hardware and its stock might rise even more than it has this year if it delivers on its full-year 2010 profit forecast, Barron's reported on Sunday.
STEC's stock rose 30 percent after it reported earlier this month that revenue jumped 25 percent in the first quarter and "crushed" Wall Street expectations, Barron's said.
Since its previous story on STEC in April, shares have risen 70 percent, and at $14, upside remains, Barron's said.
It predicted that STEC, which trades at 17.5 times this year's estimated earnings of 80 cents, could hit $18 if it delivers on $1.05 projected for 2010.
WOWZER!:) indeed
Looking at the 10-year chart at Mid $14 your talking all time highs. Given those earnings and analyst upgrades looks to be on target to do so.
Darn nice pick, Man.
Scovillez!!!!!...... Will we see Mid $14s by the end of the week? WOWZER!:)
Been alot of $.50 - $.75 + day gainers with this one...a definite trader and investors dream. So predictable when trading, nevers fails me.
barrons
STEC rides the high-end of disk drives - Barron's
Sun Apr 5, 2009 2:32pm EDT Email | Print | Share| Reprints | Single Page[-] Text [+]
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More Business & Investing News... NEW YORK, April 5 (Reuters) - Despite a worldwide downturn in the disk-drive business, Disk drive maker STEC stock has more than doubled because it has set its sights on the high-end, Barron's said.
The company has a lock on the most expensive kind of drive, which it sells for thousands of dollars to makers of storage equipment for large corporations, such as EMC Corp (EMC.N), according to an article in the April 6 edition of Barron's.
While many companies, including SanDisk Corp (SNDK.O) and Korean giant Samsung (005930.KS) sell storage containing flash chips to consumers, STEC sells to only large storage-equipment makers and in small quantities, Barron's said.
STEC trades at 17.4 times 2009 earnings estimates, and 11.5 times 2010 forecasts, Barron's said. Yet profit is expected to rise by 51.6 percent this year to 47 cents per share.
This year is expected to be the worst on record for disk-drive makers, with sales falling by 15 percent. Yet shipments of flash drives like those STEC sells are expected to rise 227 between 2007 and 2012, Barron's said, citing research firm IDC.
STEC shares on Friday closed at $8.34, more than double the price of its 12-month low of $3.42 seen in December. (Reporting by Ilaina Jonas, editing by Martin Golan)
Looks like STEC made a nice move up from $7.53
:)
STEC $ 7.53
Stec Inc. 0.28
Shares Short 7,415,000
Days To Cover (Short Ratio) 10.2
Short % of Float 35.28 %
Short % Increase/Decrease 18.95 %
Squeeze Ranking™ 41
Price % Change (52-wk) 11.50 %
% from 52-Week HIGH ( 14.25 ) -89.24 %
% from 200 DAY MA ( 5.65 ) 24.97 %
% from 50 Day MA ( 5.91 )
21.51 %
% from 52-Week LOW ( 3.42 ) 54.58 %
Shares Short -Prior Mo 6,233,600
Todays Trading Volume 1,032,965
Avg. Daily Volume 727,800
Volume vs. Avg 141.93 %
Market Cap 364,695,520
Outstanding Shares 48,432,340
Float 21,020,000
% Held by Insiders 51.41 %
% Held by Institutions 48.50 %
EPS 0.11
PE Ratio 65.90
Sector: Technology
Industry: Data Storage Devices
SI Record Date 2009-MarB
Exchange NAS
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WHAT WE DO: STEC is a global engineering and manufacturing company, offering high-reliability OEM memory and storage solutions with extensive value-added services to satisfy the needs of any application.
Solid State Drives: From a simple hard drive replacement to the most sophisticated storage array the STEC SSD products are suited for the task. With leading edge controller and drive designs that incorporate proprietary Flash management solutions STEC has the SSD product for any situation. From the world's fastest random access ZeusIOPS drives for streaming large arrays of data, to the best in class performance of the MACH8 product family, STEC can provide the most complete array of SSDs in the marketplace today.
Flash Memory: Powered by our proprietary controller technologies, STEC Flash solutions define the industry standard for reliability, performance, and flexibility. Our advanced Flash management, embedded security features and complete product breath covering a wide array of interfaces and form factor translate into the industry's most comprehensive Flash offering.
DRAM: STEC OEM grade DRAM modules are high-capacity, high-performance, and high-reliability modules designs for the demanding needs of servers, telecom, embedded applications, and other complex products. These modules are developed using STEC’s world-class engineering, testing, and volume manufacturing expertise. These modules are customizable to meet the need of non-standard system or application requirements.
Preferred: 20,000,000 authorized, no shares outstanding (3qtr 10Q)
Common A/S: 100,000,000
Common O/S: 50,135,194 as of October 31, 2008 (3qtr 10Q)
CIK #: 0001102741
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