StockIceMan's Weekly Stock Pick
Week of
November 10th, 2003
| Stock: |
Terayon
Communication Systems, Inc. |
| |
|
| Ticker Symbol: |
TERN - Nasdaq -
Communications Equipment |
| |
|
| Buy: |
5.75 to 6.00 |
| |
|
| Sell: |
10.00 + |
| |
|
| Info: |
Terayon
Communications Systems develops,
markets and sells broadband cable
data equipment for cable-television
operators to provide high-speed
Internet access to residential
subscribers. The Company's first
product line was the TeraComm
cable data system, which is
comprised of Terayon's TeraPro
cable modems and TeraLink Cable
Modem Termination Systems (CMTS).
The TeraComm cable data system,
which the Company began shipping
in 1997, is based on its
synchronous code division
multiple access (S-CDMA)
technology. Terayon is structured
around two operating segments:
Cable Broadband Access Systems (Cable)
and Telecom Carrier Systems (Telecom).
As of December 31, 2002, 92% of
Terayon's total revenues are
derived from Cable and 8% from
Telecom. |
| |
|
| Financial Info: |
For the
nine months ended 9/30/03,
revenues fell 13% to $90.5
million. Net loss increased 87%
to $44.3M. |
| |
|
| Key Ratios: |
Current
Ratio: 3.60; Total Debt/Equity: 0.00,
P/E: N/A, Price/Book: 4.55, Price/Sales:
3.75 |
| |
|
| Share Info: |
There are 74.46
million shares outstanding with
57.00 million shares in the
trading float. Institutions own
approximately 34.04% of the
shares outstanding. There have
been no insiders buying and 6
insiders selling a total of 154,000
shares in the last six months.
As of 10/8/2003, there were 1.35
million shares short.
Net Institutional Buying: 5.13
million shares: prior to latest
quarter. |
| |
|
| Articles: |
UPDATE - Terayon
withdraws stock offering, stock
jumps |
|
