Cyan Inc. (CYNI)

[the_dow_bum]

I just got into CYNI late yesterday and this morning. So far my dd has turned up that this is fairly valued in the $3's based on the news two nights ago. The company has good SOTA products, a great potential, but has been a one-trick pony out of the gate -- or should I say a dying horse out of the gate. The CEO realized this a couple Q's ago and has been trying to spread out his customer base. That effort should show up thru 2014. I'm interested to see how he is controlling costs with the lower revs. He could be profitable at $100M per year if he reigns in costs and builds his diverse customer base over time.

I'm down a dime on this stock right now, but believe that the $3.45 low earlier today will be the low until the ER. I'm not interested in selling this stock any time soon, because IMO Cyan's virtual hub + software are the next generation in efficient, cost-effective networking. There will constantly be a lot of network upgrading going on.

-the bum