So Rackable revenues were abysmal. 81mm estimate, comes in at 68mm. Ridiculous. Guide to 68-72mm with street at 88mm. Awful!
But... gross margins were an absolute blowout, coming in at 23.5 - 24.0% depending on whether you're using GAAP or non-GAAP. Estimates were for 16%. That's obviously gigantic. The company must have made a decision to walk away from some unprofitable business. The stock gets no credit for its price to revenue valuation (it trades at under 1* that metric and can't be valued on that. The book value is 70% of the share price. The revenue bar is coming in so much but they're still guiding to 350mm in sales for the year. Just for perspective, 67+72 (the revs they put up and guided to) get you to 139mm. So they're saying the second half of the year will be over 200mm? Margin guidance is going to be key here as they're telegraphing an awful lot of growth.
I wonder if this stock couldn't work after all.
Thursday, April 24, 2008
Rackable (RACK) ... a little more color
Posted by Roy Howard at 4/24/2008 04:56:00 PM
Subscribe to:
Post Comments (Atom)
Blog Archive
-
►
2009
(232)
- ► 07/05 - 07/12 (1)
- ► 06/07 - 06/14 (2)
- ► 05/31 - 06/07 (1)
- ► 05/10 - 05/17 (4)
- ► 05/03 - 05/10 (5)
- ► 04/26 - 05/03 (6)
- ► 04/19 - 04/26 (22)
- ► 04/12 - 04/19 (10)
- ► 04/05 - 04/12 (6)
- ► 03/29 - 04/05 (9)
- ► 03/22 - 03/29 (9)
- ► 03/15 - 03/22 (10)
- ► 03/08 - 03/15 (12)
- ► 03/01 - 03/08 (9)
- ► 02/22 - 03/01 (9)
- ► 02/15 - 02/22 (13)
- ► 02/08 - 02/15 (15)
- ► 02/01 - 02/08 (15)
- ► 01/25 - 02/01 (21)
- ► 01/18 - 01/25 (16)
- ► 01/11 - 01/18 (17)
- ► 01/04 - 01/11 (20)
-
▼
2008
(533)
- ► 12/28 - 01/04 (4)
- ► 12/21 - 12/28 (4)
- ► 12/14 - 12/21 (4)
- ► 12/07 - 12/14 (9)
- ► 11/30 - 12/07 (8)
- ► 11/23 - 11/30 (10)
- ► 11/16 - 11/23 (9)
- ► 11/09 - 11/16 (12)
- ► 11/02 - 11/09 (6)
- ► 10/26 - 11/02 (5)
- ► 10/19 - 10/26 (12)
- ► 10/12 - 10/19 (5)
- ► 10/05 - 10/12 (2)
- ► 09/28 - 10/05 (7)
- ► 09/21 - 09/28 (2)
- ► 09/14 - 09/21 (10)
- ► 08/24 - 08/31 (2)
- ► 08/10 - 08/17 (6)
- ► 08/03 - 08/10 (8)
- ► 07/27 - 08/03 (3)
- ► 07/20 - 07/27 (6)
- ► 07/13 - 07/20 (9)
- ► 07/06 - 07/13 (12)
- ► 06/29 - 07/06 (6)
- ► 06/22 - 06/29 (11)
- ► 06/15 - 06/22 (7)
- ► 06/08 - 06/15 (14)
- ► 06/01 - 06/08 (9)
- ► 05/25 - 06/01 (12)
- ► 05/18 - 05/25 (10)
- ► 05/11 - 05/18 (7)
- ► 05/04 - 05/11 (15)
- ► 04/27 - 05/04 (22)
-
▼
04/20 - 04/27
(34)
- Same old song at Samsung
- Rackable (RACK) story has changed too much for me
- Varian Semiconductor flattish
- Synaptics (SYNA) down $2 pre-opening
- Rackable (RACK) ... a little more color
- Syna (SYNA) short interest is 30% of float
- Western Digital Q3:2008 Results
- Synaptics (SYNA) 3Q:2008 Results
- Microsoft (MSFT) 3Q:2008 Results
- Rackable (RACK) far worse
- Earnings preview – MSFT, VSEA, SYNA, RACK, WDC
- Did anything change at Apple?
- Lam Research (LRCX) Q4:2008 Results
- Apple (AAPL)
- Apple (AAPL) 2Q:2008 Results
- Xilinx (XLNX) 4Q:2008 Results
- Mattson (MTSN) 1Q:2008 Results
- Lam Research (LRCX) Q4:2008 preview
- Apple (AAPL) 2Q:2008 preview
- IBM should buy EMC
- Micron (MU) chart
- The state of technology so far
- *DJ Yahoo CEO: We're Making 'Brisk Progress' Again...
- Broadcom (BRCM) 2Q:2008 Guidance
- Yahoo (YHOO) 1Q:2008 Results
- Broadcom (BRCM) 1Q:2008 Results
- VMWare (VMW) 1Q:2008 Results
- Google (GOOG) trades $560, Yahoo (YHOO) on tap
- DRAM contract higher
- Texas Instruments (TXN) 1Q:2008 Results
- Xilinx (XLNX)
- NAND contract prices follow spot higher
- Texas Instruments 1Q:2008 Preview
- Earnings Estimate Cheat Sheet – April 21-25, 2008
- ► 04/13 - 04/20 (32)
- ► 04/06 - 04/13 (13)
- ► 03/30 - 04/06 (8)
- ► 03/23 - 03/30 (10)
- ► 03/16 - 03/23 (13)
- ► 03/09 - 03/16 (11)
- ► 03/02 - 03/09 (30)
- ► 02/24 - 03/02 (14)
- ► 02/17 - 02/24 (10)
- ► 02/10 - 02/17 (17)
- ► 02/03 - 02/10 (21)
- ► 01/27 - 02/03 (21)
- ► 01/20 - 01/27 (24)
- ► 01/13 - 01/20 (7)
No comments:
Post a Comment