In long term the market is always right, in short term major exagerations are always possible, right? Well in Waves case this must be right. In the spring of 2001 SP achieved briefly 50(presplitt)based on names, promises, internet bubble. There was no product, revenues, nothing. Long years of "further progress" followed with no product, no revenues, no bubble SP got to 0.3. Right now is less than 0.8??? There are excellent products, there is a $30+ mln revenue/year, a very increased recognition of TC. More than that the tiny Wave is almost co-hosting an NSA event(!!!) clearly being in the focus of interest. So how could be that the SP is close to its lowest point ever? This is short-term market nonsense coupled with lack of credibility for Wave statements, particularly SKS and lack of a single profitable quarter. The profitability is a non-issue because is the free choice of the company to increase the payroll instead achieving profitability. The credibility? Well, after NSA sessions Wave must emerge as a serious contender for a most prominent place in the cybersecurity. There is nothing around which should stop SP to move into double digits, only the time frame is open because of overall miserable market conditions as well as execution delays.
