Tech Stocks

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Ciber, Inc. CBR Stock News

Ciber, Inc. (NYSE: CBR)

CIBER is having an incredibly strong day in the trading session today. When the session opened for the day, the stock was already trading on incredibly strong gains. Since then, we’ve seen a bit of movement in both directions, but it doesn’t look like the stock is going to give up the profits any time soon. Below, we’ll talk about what we’re seeing from CBR, why, and what we’ll be watching for with regard to the stock ahead.





What We’re Seeing From CBR

As mentioned above, CIBER is having an overwhelmingly strong day in the market today. At the open of the trading session, the stock hit the ground running, already trading on big profits. Since the open, we’ve seen a bit of bouncing around there at the top, but the gains seem to be sticky. At the moment (10:12), CBR is trading at $0.48 per share after a gain of $0.20 per share (71.33%) thus far today.

Why The Stock Is Climbing

Our partners at Trade Ideas were the first to send the alert that CBR was making a run for the top. As soon as we received that alert, the CNA Finance team started to work to see why the stock was experiencing such large gains. It didn’t take very long to uncover the story in this case. It seems as though the gains are the result of a takeover offer.




Early this morning, it was announced that AMERI Holdings has made an offer to acquire CIBER. The offer comes in at $0.75 per share. This is an incredible premium when we consider that the stock closed the day off on Friday at $0.28 per share. At the moment, the offer has not been accepted. However, given the premium and the fact that AMERI already owns about 5.5% of the company, there’s a strong chance that this one will happen!

What We’ll Be Watching For Ahead

The CNA Finance team will be keeping a close eye on CBR in the days and weeks ahead. Ultimately, we’ll be following the story of the potential acquisition in the works. We’ll continue to follow the story closely and bring you the news as it breaks!

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Mobileye NV MBLY Stock Intel INTC Stock News

Mobileye NV (NYSE: MBLY)

Mobileye is having an incredible time in the pre-market trading hours, and for good reason. News of an acquisition has investors excited. Below, we’ll talk about the acquisition, what we’re seeing from the stock as a result, and what we’ll be watching for with regard to MBLY ahead. So, let’s get right to it…





INTC To Acquire MBLY

As mentioned above, Mobileye is having an incredibly strong start to the day in the pre-market hours. As soon as our partners at Trade Ideas informed us of the gains on the stock, the CNA Finance team started working to see why it was making a run for the top. It didn’t take long to dig up the dirt. The gains are ultimately the result of an acquisition.




Early this morning, news of the acquisition broke. According to several reports, MBLY will soon be acquired. The buyer on the other side of the deal is massive. In fact, it’s the household brand we all know as Intel. Ultimately, INTC will be purchasing the company for a total of $15.3 million.

How The Stock Is Reacting

As investors and traders, one of the first things that we learn is that the news moves the market. That’s definitely the case today following the news of the acquisition. At the moment (8:34), MBLY is trading at $61.76 per share after a gain of $14.49 per share (30.65%) thus far today.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching Mobileye incredibly closely. In particular, we’ll be watching the acquisition. While things look great now, the acquisition is subject to customary closing conditions. Nonetheless, we don’t believe that there will be any hiccups in the plan for INTC to takeover MBLY. We’ll continue to watch the story closely and bring it to you as it breaks!

UPDATE 9:31: As is no surprise, MBLY opens the day on incredibly strong gains. While few analysts seem to be weighing in on the acquisition, there is speculation by some experts on Twitter that the company may have sold out too soon. Nonetheless, investors seem to be happy. At the moment the stock is trading at $61.47 per share after a gain of $14.20 per share, or 30.04%. Considering the movement in pre-market and the acquisition price, we’re expecting relatively flat movement from here.

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Palo Alto Networks Inc PANW Stock News

Palo Alto Networks Inc (NYSE: PANW)

Palo Alto Networks is having an incredibly interesting day in the market today. At the opening bell, the stock was trading slightly in the green before pushing a bit higher. Since then, we’ve seen quite a bit of movement in both directions, but nothing has been worth writing home about. That is, until a rumor broke sending the stock skyrocketing just minutes ago. Below, we’ll talk about the rumor, what we’re seeing from PANW, and what we’ll be watching for ahead.





IBM Rumored To Be Taking Over PANW

As mentioned above, Palo Alto Networks started to spike in the market just minutes ago. The spike was first brought to our attention by our friends at Trade Ideas. As soon as we received the alert, the CNA Finance team started digging to see why the stock was making a run for the top. While the company hasn’t released any fundamental news that would lead to such gains, we are seeing an interesting rumor in the beginning of its evolution.

At the moment, the rumor is filling social feeds no matter which network you call your favorite. The rumor is that PANW will soon be acquired by IBM. At the moment, the rumor doesn’t offer an insinuation of what the price of the acquisition will be. Keep in mind that currently, this is an unconfirmed rumor, and the likelihood of an acquisition actually happening is relatively slim.

What We’re Seeing From The Stock

As is normally the case, following the rumor of a potential takeover to come, Palo Alto Networks is spiking in value in the market. At the moment (10:34), PANW is trading at $117.40 per share after a gain of $2.35 per share or 2.04% thus far today.

Update (11:08) – PANW seems to have reached its peak on this run. At the moment the stock is trading at $118.43 per share after a gain of $3.38 per share or 2.94% thus far today. We’ll continue to follow the story and bring you the news as it breaks. At the moment, CNA Finance is reaching out to both companies for comments.
Update (11:14) – The CNA Fiannce team contacted PANW. Unfortunately the company refused to provide a comment with regard to the takeover rumor. We are currently in the process of contacting IBM and will bring you the updates as we receive them.
Update (11:22) – The CNA Finance team has reached out to IBM. Unfortunately, there was no one available in media relations to take our call at the moment. We are waiting for a response and will bring that response to you as soon as we have it.
Update (12:56) – We received a call back from IBM Media Relations. They explained that they do not comment on ongoing rumors and unfortunately had nothing to offer. We will continue to follow the story and bring the news to you as it breaks!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching PANW and IBM incredibly closely. In particular, we’re interested in learning if there is any validity to the takeover rumors that are surfacing at the moment. While chances are slim, anything can happen. Nonetheless, we’ll continue to watch the story and bring the news to you as it breaks!

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Pareteum Corp TEUM Stock News

Pareteum Corp (NYSEMKT: TEUM)

Pareteum Corp is a stock that the CNA Finance team has been watching all morning. Early in the pre-market hours, our partners at Trade Ideas informed us of a massive gain in the value of the stock. However, as we started digging, it seemed as though there was no news out there. However, at the open, TEUM was halted. Below, we’ll talk about what we know thus far, what we’re seeing from the stock, and what we’ll be watching for ahead.





What We Know Thus Far With Regard To TEUM

First and foremost, we know that Pareteum Corp has been halted. This comes after a premarket spike in value. In our search, there was no recent news released. However, many are speculating that the halt has to do with follow up news associated with a note the company offered on March 7th.

In the filing on March 7th, TEUM noted that it had received conversion notices from holders of $1.15 million of its Searies A and A-1 convertible preferred stock. Those shares will be converted to common stock at a 13% discount to the public price.

However, this morning, we saw rumors that the spike in value had to do with a deal that was canceled. While no one knows quite yet, it would make sense that the deal announced on March 7 is associated with the halt.

What We’re Seeing From The Stock

As mentioned above, TEUM had an incredible time in the pre-market hours before being halted this morning. Ultimately, the halt took place at 9:23, and is continuing as we speak. The stock was halted at $2.18 per share after a gain of $0.67 per share or 44.37% thus far.

Update (11:01) – The news just broke on TEUM, the halt was the result of an offering. The company plans on selling 2,333,334 shares of common stock at a price of $1.50 per share. The company will also be issuing 1,166,667 five year warrants to purchase common stock with an exercise price of $1.87 per share. Proceeds from the offering are expected to come in around $3.5 million before deducting underwriting discounts and estimated offering expenses. The offering is expected to close on March 15th but is subject to customary closing conditions. We’ll continue to follow the story and bring the news to you as it breaks!

Update (11:05): After announcing the offering above, TEUM is taking a dive. Currently the stock is trading at $1.45 per share after a loss of $0.05 per share or 3.33% thus far today.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TEUM. In particular, we’re interested in learning more details as to why the stock spiked upward in pre-market hours before being halted. As always, we’ll continue to watch the story closely and bring you any updates as they break!

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MeetMe Inc MEET Stock News

MeetMe Inc (NASDAQ: MEET)

MeetMe is having a horrible time in the pre-market hours today, and for good reason. The company announced a secondary public offering that seems to be causing concern among investors. Today, we’ll talk about that offering, how the stock is reacting in the market, and what we’ll be watching for with regard to MEET ahead.





Why MEET Is Falling

Before we get into the details here, we have to give a big thank you to Trade Ideas for being the first to alert us of the movement on MeetMe. With that said, the declines on the stock seem to be caused by a secondary public offering that was priced this morning. The company announced that it would be selling a total of 8 million shares at a price of $5 per share.




This is proving to be concerning among investors. After all, when new offerings are launched, they essentially cut the pieces of the pie that investors already own into smaller pieces. Not only that, secondary offerings can be a sign of financial troubles. As a result, investors are concerned with MEET and sending the stock downward.

How The Stock Is Reacting To The News

While the market hasn’t opened quite yet, we are indeed seeing a reaction among MeetMe investors, and it’s not a good one. Since the announcement, the stock has been on a downward spiral in the pre-market. Currently (9:11), MEET is trading at $5.20 per share after a loss of $0.61 per share or 10.50% thus far today.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching MEET incredibly closely. Ultimately, we’re interested in learning how the $40 million the company plans on raising will be spent and what the next steps toward growth are. Nonetheless, we’ll continue to watch the story closely and bring you the news as it breaks!

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ParkerVision, Inc. PRKR Stock News

ParkerVision, Inc. (NASDAQ: PRKR)

PerkerVision is having an incredibly strong day in the market today. While we are only 4 minutes into the session, the gains on the stock are dramatic to say the least. In the pre-market hours, the stock skyrocketed and it’s pretty clear that this thing will close the day in the green already. Below, we’ll talk about what we’re seeing from PRKR, why, and what we’ll be watching for ahead.





What We’re Seeing From PRKR

As mentioned above, ParkerVision is having an incredibly strong day in the market today. Before the opening bell even rang, the stock went on a mad-dash for the top on a patent decision that we’ll talk about later. As a result, PRKR is currently (9:34) trading at $3.35 per share after a gain of $0.76 per share or 29.29% thus far today.

Why The Stock Is Running For The Top

As is almost always the case, our partners at Trade Ideas were the first to inform the CNA Finance team of the gains on PRKR. As soon as we received the alert, we started working to see why the stock was running for the top. It didn’t take long to dig up the dirt. The gains are ultimately the result of a patent decision.




Early this morning, ParkerVision announced that the Patent Trial And Appeal Board issued a decision with regard to the petitions for Inter Partes Review filed by Qualcomm (QCOM) against ParkerVision. In this case, PRKR received a favorable ruling, following several other recent favorable rulings and proving that the company is capable of protecting its intellectual property. In a statement, Jeffrey Parker, CEO at PRKR, had the following to offer…

We continue to take positive steps forward in our Qualcomm proceedings and believe these results are indicative of the strength of ParkerVision’s innovations and our plan to realize the value of those assets, particularly in light of the high success rate of petitioners in invalidating patents through IPR challenges. We are pleased that the PTAB confirmed the validity of claims from both of the patents we chose to defend.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PRKR. In particular, we’ll be following the continued intellectual property battle that is going on between the company and QCOM. Nonetheless, as always, we’ll continue to bring you the updates to the news as they break!

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MeetMe Inc MEET Stock News

MeetMe Inc (NASDAQ: MEET)

MeetMe is having an incredibly strong day in the market today. After starting the day off well in the green, the stock has seen its share of ups and downs thus far today. Nonetheless, it looks like it will close on strong gains. Below, we’ll talk about what we’re seeing from MEET, why, and what we’ll be watching for ahead.





What We’re Seeing From MEET

As mentioned above, MEET is having an overwhelmingly strong day in the market today. Following strong after-hours gains, the stock was already trading on impressive profits at the open. Since then, we’ve seen movement in both directions, but the stock is clearly sticking around in the green. Currently (9:58), MEET is trading at $5.97 per share after a gain of $0.90 per share or 17.83% thus far today.

Why The Stock Is Headed Upward

As is nearly always the case, our partners at Trade Ideas were the first to inform us of the gains on MEET. As soon as we received the alert, the CNA Finance team started digging to see why the stock was making a run for the top. It didn’t take long to dig up the story. Ultimately, the gains appear to be the result of acquisition news that broke yesterday.




Yesterday, MeetMe announced that it has executed a definitive agreement to acquire If(we), Inc. If(we) is a social and mobile technology company that MEET will be coughing up $60 million in cash for. The company says that the acquisition aligns well with the strategy to innovate, acquire and build the largest mobile portfolio of brands for meeting people. In a statement, Geoff Cook, CEO at MEET had the following to offer…

We believe this combination provides a clear pathway to $150 million in annualized revenue with adjusted EBITDA of $50 million for our combined company. We are very excited to add if(we) and its flagship brands Tagged and hi5 to our portfolio of mobile apps for meeting and chatting with new people. If(we) brings a sizable global community, with strength in the US, to our portfolio. Their mobile apps are experiencing significant revenue growth and we expect that to accelerate in 2017 as we introduce our best practices around engagement and monetization. I am excited by the opportunity to work closely with if(we)’s talented team to accelerate growth and engagement across our portfolio of brands, which are aimed at meeting the universal need for human connection.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on MEET. In particular, we’ll be watching the company’s continued plans of innovation and acquisitions as well as their work with If(we) and the brands this acquisition brings to the table. Nonetheless, we’ll continue to keep a close eye on the news and bring it to you as it breaks!

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Nimble Storage Inc NMBL Stock News

Nimble Storage Inc (NYSE: NMBL)

Nimble Storage is having an incredibly strong time in the pre-market hours and for good reason. Early this morning, it was announced that the company would be acquired. Below, we’ll talk about what we’re seeing from NMBL, why, and what we’ll be watching for ahead.





What We’re Seeing From NMBL

As mentioned above, Nimble Storage is having a great time in pre-market trading today. When news broke early on that the company would be acquired, the stock immediately started to soar. At the moment (8:32), NMBL is trading at $12.50 per share after a gain of $3.90 per share or 45.35% thus far today.

Why The Stock Is Running Upward

As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on NMBL. As soon as we received the alert, the CNA Finance team started digging to see exactly why the stock was making a run for the top. It didn’t take long to dig up the dirt. Ultimately, the gains are the result of acquisition news.




Early this morning, it was announced that Nimble Storage would be acquired. Hewlett Packard Enterprises (HPE) is the buyer. The total acquisition value will come to $1.09 billion and will be paid in cash. That means that the sale price comes to $12.50 per share, representing a premium of 45.3%.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NMBL. In particular, we’re going to be following the acquisition story as it is still subject to customary closing conditions. However, we don’t see any reason that it should be blocked. Nonetheless, we’ll be watching the news closely and bringing it to you as it breaks!

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Smart Glasses

What I do for a living is follow what the greatest investors in the world are doing and saying.  What I’ve been observing over the past year is that most (not all) of the experienced, outperforming investment managers are concerned about the valuation of the S&P 500.





It isn’t hard to see why.  We are now in the second longest bull market of all time and every other bull market that lasted even close to this long ended very badly with a vicious bear market.  I’m not kidding, each and every one.

The latest top investor to weigh in with concerns about valuations of S&P 500 stocks was Baupost Capital’s Seth Klarman.  As you are likely aware Klarman’s 30 year track record of outperformance demands that we respect his opinion.

Like many of the other investors that I follow Klarman believes that the huge amount of money that has rushed into S&P 500 index funds has distorted the allocation of capital.  In other words, Klarman believes there is merit to the concept of an “index fund bubble”.

Index funds allocate money to stocks mindlessly based on market capitalization not attractiveness of the investment opportunity.




Seth Klarman – Dealbook

Here is what he had to say:

“One of the perverse effects of increased indexing and E.T.F. activity is that it will tend to ‘lock in’ today’s relative valuations between securities.

When money flows into an index fund or index-related ETF, the manager generally buys into the securities in an index in proportion to their current market capitalization (often to the capitalization of only their public float, which interestingly adds a layer of distortion, disfavoring companies with large insider, strategic, or state ownership).

Thus today’s high-multiple companies are likely to also be tomorrow’s, regardless of merit, with less capital in the hands of active managers to potentially correct any mispricings.”

What Klarman is saying is that this index fund bubble is making the market very inefficient when it comes to valuing the stocks that are inside of the index.

Money comes into index funds and the same stocks get bought in the same percentage no matter what the true intrinsic value of those companies are.

With the enormous magnitude of capital now invested in index funds active managers don’t carry enough capital of their own to correct the mispricings that the index funds create.

If you buy into what Klarman (and many other top investors) are saying, the obvious thing for us to do as investors is avoid richly valued S&P 500 companies and to start looking outside the index.

An Industry On The Verge Of Rapid Growth

I was lucky enough to have a colleague point me towards and industry that is on the verge of a decade of exceptional growth.

I’m not exactly an early adopter so this opportunity pushes my comfort zone, but I’ve done quite a bit of reading and am convinced that the industry is at an inflection point.

The last report I read was from Technavio which projects that the global smart glasses market will grow a CAGR of 141 percent between now and 2020.

Smart Glasses – Technavio

This is an industry that is really going to go from next to nothing to a significant amount of revenue very quickly.  I would argue that there are few other (if any) industries poised to grow like this over the next five years.  I would also suggest that there aren’t a lot of people aware of this growth opportunity today.

In addition to the Technavio report I found research firm Digi-Capital which believes that globally the smart glasses market is going to reach $90 billion by 2020.

It is important to note that this growth is not going to be coming from the retail customer.  This will be driven by commercial users where “hands-free” smart glasses can be used to increase efficiency, effectiveness and of course profitability.

Smart Glasses Applications – Vuzix

The Challenge Is How To Invest With Technology Changing So Rapidly

I think that there is clearly a big opportunity here for companies to grab a share of a rapidly growing market.

The much bigger challenge as an investor is to figure out a way to profit from it.

There are bigger companies involved in smart glasses.  Those include Microsoft (MSFT), Google (GOOG) and Sony (SNE).  The problem with these companies is that they are so massive that no level of smart glasses success is likely to move the needle for them.

To truly profit from rapidly growing smart glasses acceptance an investor needs more of a pure play.  As of today it would appear that Vuzix Corp (VUZI) would be the best way to do that.

I base that on Vuzi’s product line which as far as I can tell is industry leading.  That isn’t my opinion, that is the opinion of people who follow the industry closely.  At CES 2017 Vuzix’s Blade 3000 Smart Glasses were extremely well received.  Both Wired and Barron’s magazines came away from the technology show with glowing reviews of the Blade 3000 placing the product at the head of the competitive pack.

Blade 3000 – Vuzix

The launch of the Blade 3000 by Vuzix admittedly comes at a great time with smart glasses growth really starting to hit its stride.  The problem I have is how long will one generation of technology last in this rapidly growing industry?

It could very well be that by CES 2018 there is a much better alternative provided by a competitor.  That is especially concerning given the deep pockets that the largest competitors (Microsoft, Google) have.

The speed of technological change for Vuzix is clearly the challenge, the good news is that the company is very well financed with a net cash position of nearly $20 million.  I also like the fact that 18 percent of the shares of Vuzix are owned by the CFO and CEO which means they are very much aligned with shareholders.

Vuzix

Considering the 800 pound gorillas that are in this business I can’t help but wonder if the most likely outcome for Vuzix is the company being acquired by a bigger player.

With all of these factors considered, at this point you can consider me very bullish on the prospects for smart glasses and still thinking hard about the best way to try and profit from it.

The speed of technological change gives me pause about investing in any one company, yet to get any real upside from the rapid growth coming for this industry that is likely what I need to do.

Disclosure: I don’t own shares of any company mentioned in this article

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FireEye Inc FEYE Stock News

FireEye Inc (NASDAQ: FEYE)

FireEye is having an incredibly interesting day in the market today, to say the least. When the trading session opened for the day, the stock was already trading in the green. However, it quickly spiked downward to the red before recovering and doing it again. And then the stock started to spike upward in a big way minutes ago. Below, we’ll talk about what we’re seeing from FEYE, why, and what we’ll be watching for ahead.





What We’re Seeing From FEYE

As mentioned above, FireEye is having a great time in the market at the moment. At the open of the market, the stock was already trading well into the green. However, it quickly fell to the red before recovering and repeating. Nonetheless, that repetition seems to be over, as the stock is spiking upward at the moment. Currently (10:36), FEYE is trading at $11.58 per share after a gain of $0.35 per share (3.12%) thus far today.

Why The Stock Is Spiking Upward

As is usually the case, our partners at Trade Ideas were the first to alert us to the gains on FEYE. When we got the alert, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it didn’t take long to dig up the story. The gains seem to be the result of a takeover offer that broke seconds before the run!

In a report on Zero Hedge, it was announced that FireEye has received a takeover offer. The offer came from LifeLock, and it was a pretty good one with a strong premium. In fact, LifeLock said that it is willing to pay $16 per share in a takeover of the company. If this deal goes through, it will return tremendous value to shareholders.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on FEYE. In particular, we’re interested in learning whether or not the company will take the offer. After all, with such a strong premium, chances are high. Nonetheless, we’ll keep a close eye on the story and continue to bring you the news as it breaks!

Update 11:46 – FEYE is taking a dive as news broke that LifeLock had interest in the company months ago, but is no longer interested in the acquisition. At the moment, the stock is trading at $11.45 per share after a gain of $0.22 per share (1.96%) thus far today.

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...