StockIceMan's Weekly Stock Pick
Week of
October 30, 2006
| Stock: |
Orckit Communications Ltd |
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| Ticker Symbol: |
ORCT - Nasdaq -
Communication Equipment |
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| Buy: |
8.00 to 8.50 |
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| Sell: |
12.00 |
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Info: |
Orckit Communications,
Ltd. engages in the development, marketing, and
sale of telecommunication transport equipment.
Its products enable telecommunication service
providers to deliver high bandwidth video
services, including high definition television;
Internet protocol television; video-on-demand;
and interactive television, as well as other
types of data services and voice services,
either over wireline or cellular networks. The
company offers ‘CM-100’ product line, an optical
transport solution that enables the provision of
data services, as well as supports a range of
traditional voice services, in compliance with
SONET technical specifications. The CM-100
product line utilizes SONET, RPR, and MPLS
technologies to support a range of SONET
services, Ethernet, time division multiplexer
services, which are used for voice transmissions
and other data services. Orckit Communications
markets its products primarily in Israel, Asia,
the United States, and Europe. The company was
founded in 1990 and is headquartered in
Tel-Aviv, Israel. |
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| Financial Info: |
For the six months ended
6/30/06, revenues fell 6% to $40 million. Net
income fell 13% to $6.1 million. |
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| Key Ratios: |
Current
Ratio: 1.39, Total Debt/Equity: 0.00, Trailing
P/E: 6.95x, Forward P/E: 30.18x, Price/Book:
1.75, Price/Sales: 1.37 |
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| Share Info: |
There are 15.51
million shares outstanding with 13.87
million shares in the trading
float. Institutions own
approximately 32.30% of the shares outstanding.
There have been no insider purchases or
insider sales in the last six months.
Real-Time SEC
Filings
As of 10/10/2006, there were 309,450 shares short.
Net Institutional Selling: 2.1
million shares prior to latest
quarter. |
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| Articles: |
IIsrael stocks up; Israel
Chemicals and Gazit-Globe advance |
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