Alvarion (ALVR) This company is a leader in building WiMax infrastructure. The shares trade at $9.60, down from a 52-week high of $15.21. An analyst writing in The New York Post thinks the stock could move above that by mid-2008, and that may well be right.
The firm is in one of the global hot spots for wireless broadband tech. The company’s operating results last quarter were pretty solid. It had record revenues of $60.6 million, up 39% from Q3 2006. The company’s net loss from continuing operations was ($129,000) or ($0.00) per share. Loss from continuing operations in the third quarter of 2006 was ($2.4) million, or ($0.04) per share.
The company operates in 150 countries. At $585 million, its market cap is only about 2x revenues. WiMax is the only realistic challenge to 3G technology for offering wireless broadband around the world. Large company like Intel (INTC), Motorola (MOT), and Samsung are already making significant investments in deployments.
Alvarion is in on the ground floor of what may become one of the most important wireless deployments over the next decade. It is easy to see the company having hundreds of millions of dollars in revenues if it gets its share of the new market.
Douglas A. McIntyre
For more stocks under $10, try the 24/7 Wall St. weekly newsletter "Ten Stocks Under $10"
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
