Chris Forte’s “Thoughts to Start the Day” – HLIT, SILC, GAIA, GBRK, TGLS

Posted on May 4, 2022 by Scott Shuda

News Flash: A small company reported a good quarter AND it went up! That hasn’t happened much over the last few months, certainly the UP part. Like Philadelphia Eagles fans throwing snowballs at Santa Claus, investors have greeted good earnings reports with shrugs of indifference. Yesterday Harmonic (HLIT) bucked the trend by rising 13% to close at $9.71. HLIT was also cheered by Barclays analyst Tim Long who raised the firm’s price target to $13 from $11 and kept his rating to Overweight. All we need now is about 500 more good reactions to good quarters and we’ll have a trend. More good news: Silicom (SILC) rose 10.5% after reporting one of the SD-WAN market’s largest vendors placed purchase orders in the aggregate amount of $15M with delivery requested during 2022, and shipments have begun. The client also ordered equipment valued at more than $25M to be delivered each year for the next several years. “The acceleration of our business with this major client reflects booming demand for SD-WAN solutions, which companies of all types are adopting,” Read about SILC in Florian Buschek’s room and on The Feed. “GAIA still trucking right along making money, growing steadily all the while the stock just keeps getting beaten up. $4m positive cash flow, 15% revenue growth and 10% subscriber growth,” says Breakout Investor Bradley Steveson who leads some lively conversation amid many comments on The Feed for Gaia, Inc. (GAIA), a conscious media and community company. Check out “Gaia Reports First Quarter 2022 Results” and “GAIA Looks Very Cheap“. Wow, more good news: Homebuilder Green Brick Partners (GRBK) knocked it out of the…house… announcing Q1 EPS of $1.20 (beats by $0.35) and revenue of $394M (+67.9% Y/Y) beats by $52M. They also repurchased 2.4 million shares which is 4.8% of shares outstanding Technoglass (TGLS) reported this morning. Q1 Non-GAAP EPS of $0.53 beats by $0.07. Revenue of $134.56M (+20.6% Y/Y) beats by $1.09M. Increases Full Year 2022 Growth Outlook to Adjusted EBITDA of $185 million to $195 million on Total Revenues of $580 million to $605 million vs. consensus revenue of $588.53 million. Buckle up Breakout Investors, SITM, INVE, DLHC, and SMSI all report after the close today. “Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his son to college.” — Bill VAUGHN. Good luck to all. – Chris

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