Ikanos Communications, Inc. (NASDAQ:IKAN)

CAPS Rating: 4 out of 5

The Company is a global provider of high-performance silicon and software for interactive broadband.

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Member Avatar TSIF (99.96) Submitted: 5/7/2014 4:25:30 PM : Outperform Start Price: $0.50 IKAN Score: -25.66

Can't resist...

I think IKAN...I think IKAN....I know IKAN....ooopss...

I don't know where bottom will be on Ikanos Communications. I'm taking a $0.50 shot out of the blue. It along with a few others, MCZ, etc, are perennial caps plays. You can pretty much call them either way, but calling them down can be devastating to your score should they get some sort of cataclysmic news.

Ikan has spent much of it's last few years sub $1, with some forays to $2. P/S is only 0.78 and it's not a penny stock trading way above book either at 1.48. Margins stink and though it has $33M in cash, it's burn rate last year was $38M and part of the $33M in cash appears to be restricted against revolvers.

Bleeding $8M a quarter for the last three quarters with no sales growth spells trouble. It's advanced broadband semiconductor and software products for the digital home don't appear to be keeping up with technology. They claim to have hit the mid-point of guidance, so appear to be aware of the burn rate. They claim momentum and design wins ,but Revenue for next quarter is estimated about 5-8% lower than this quarters. They point to a further decline in Korea and Japan, but hope to make it up in other regions.

This company seems to know it's place, but not to care, or are confident they can turn the corner just in time. If they have to do an equity raise at this price, I doubt they would recover. The management clearly seems to be chugging forward, ....I think IKAN....

Not a good play for real money....

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Member Avatar KimLanners (< 20) Submitted: 4/11/2011 1:35:42 PM : Outperform Start Price: $1.20 IKAN Score: -116.24

semiequip2011

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Member Avatar targetphil3 (< 20) Submitted: 2/22/2011 11:17:22 PM : Outperform Start Price: $1.20 IKAN Score: -116.80

i think i kan, i think i kan, i think i kan......

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Member Avatar 1Landmark (< 20) Submitted: 1/1/2011 9:44:06 PM : Outperform Start Price: $1.32 IKAN Score: -125.80

Good Growth Prospects.

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Member Avatar rwk7000 (< 20) Submitted: 11/23/2010 10:03:08 AM : Outperform Start Price: $1.01 IKAN Score: -127.33

Better chance of going up then down

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Member Avatar theflash222 (24.01) Submitted: 9/23/2010 11:47:59 PM : Outperform Start Price: $1.00 IKAN Score: -133.72

IKAN cheap stock good starting point

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Member Avatar zymok (< 20) Submitted: 8/31/2010 12:50:57 PM : Outperform Start Price: $0.89 IKAN Score: -142.63

This stock has been hammered recently, but the future looks good. Expected to be profitable in 2011. No debt, low forward PE.

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Member Avatar reed2196 (< 20) Submitted: 8/31/2010 8:15:18 AM : Outperform Start Price: $0.89 IKAN Score: -143.36

Because i am a sheep? Naaaaaaaaaaa-aaaaa-aaaa

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Member Avatar BicaChica (79.58) Submitted: 8/25/2010 1:41:18 AM : Outperform Start Price: $1.00 IKAN Score: -148.47

GatitoPeligroso's

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Member Avatar yetiattack (< 20) Submitted: 8/23/2010 2:43:48 PM : Outperform Start Price: $1.03 IKAN Score: -144.74

Support @ 1.... I think?!?!?

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Member Avatar franktejon (< 20) Submitted: 7/6/2010 9:05:25 AM : Outperform Start Price: $1.64 IKAN Score: -166.46

strong buy

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Member Avatar RobertJBanach (< 20) Submitted: 7/4/2010 5:21:46 PM : Outperform Start Price: $1.64 IKAN Score: -166.46

Makes the right products.

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Member Avatar goldminingXpert (29.47) Submitted: 6/30/2010 6:19:29 PM : Outperform Start Price: $1.68 IKAN Score: -165.00

A bunch of other top fools picked this. Hopefully not a case of the blind leading the blind. (I certainly know nothing of this company, but hopefully wiser Fools than I do.)

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Member Avatar Option1307 (29.70) Submitted: 5/12/2010 9:55:10 PM : Outperform Start Price: $2.76 IKAN Score: -148.88

Ikanos is a company that got smashed during the 2008/09 economic downturn; however, they positioned themselves nicely to weather the storm and actually came out of the mess in arguably better shape. IKAN was able to stay afloat because of their large cash position ($0.60/share) that they have always been adamant about keeping, not too mention the zero ($0.00) debt they have. Recently they picked up Conexant broadband on the cheap (~55M cash, yes I said cash!), and just finished their 2nd quarter post acquisition. So far this has been a nice boost and has increased revenue a little of 100%!

As I mentioned things have been turning around for IKAN, not only has the acquisition been a tremendous boost to revenue, it has also helped their EPS, which in the end is most important. IKAN has returned to profitable in the two most recent quarters after picking up Conexant and analysts are projecting them to earn $0.22 in 2010 and 0.35 in 2011 putting this at a forward P/E of 11.6 and 7.3 respectively, cheap! Keep in mind, these estimates essentially have not been updated much since the recent acquisition. Thus, I expect IKAN to significantly beat these estimates going forward.

To top it all off, IKAN has been growing revenue at a 5 year pace of ~18% yr./yr., that is a solid number! Just to top it off, throw in a PEG of ).60, nice!

This is surely a buy for the next several years.

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Member Avatar jsgantsoud (99.45) Submitted: 5/7/2010 6:27:23 PM : Outperform Start Price: $2.35 IKAN Score: -153.78

following UL

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Member Avatar Kompozer (26.80) Submitted: 4/30/2010 12:37:45 AM : Outperform Start Price: $2.82 IKAN Score: -149.45

on recent pull back, expecting descent earnings.

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Member Avatar Timbucko (35.81) Submitted: 4/28/2010 11:14:14 AM : Outperform Start Price: $8.33 IKAN Score: -142.68

Got spanked today, but I'm buying more. UltraLong says it's a $7 company, so I'm holding on.

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Member Avatar YodaBuffett (< 20) Submitted: 4/28/2010 10:13:33 AM : Outperform Start Price: $2.69 IKAN Score: -151.49

I picked up shares in MRLP today @ 2.70

It's tech, it's a selloff, it has fairly good fundamentals.

That's the correct industry, the correct psychological factors leading to a favorable price, and great underlying business.

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Member Avatar Xucolat (56.07) Submitted: 4/22/2010 1:19:49 PM : Outperform Start Price: $3.04 IKAN Score: -151.11

It's digital!

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Member Avatar Timbofittz88 (75.68) Submitted: 4/22/2010 12:18:41 PM : Outperform Start Price: $3.05 IKAN Score: -152.01

asdf

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