CUBE, provides highly integrated, standards-based digital video compression solutions for applications in the consumer electronics, computer and communications market. For the nine months ended 9/97, revenues rose 10% to $246.9 million. Net income totalled $32.7 million vs. a loss of $90.3 million. Revenues reflect increased sales of encoder systems developed by DiviCom and volume shipments of MPEG two decoder chips. Results also reflect the absence of $131.3 million nonrecurring charge.
C-Cube Microsystems designs and markets integrated circuits that compress digital video signals for consumer electronics, communications, and computer applications. The ICs are used in products such as Video CD players and interactive game consoles, digital camcorders, and recordable optical disk machines to compress digital images and full-motion video. The ICs also can be used on computer add-in cards, content encoding equipment, video conferencing equipment, video editing systems, and color laser printers and copiers. Customers include OEMs such as game system designer 3DO, computer companies Sun and Digital Equipment Corp., and professional editing system designers Avid Technologies and Lightworks.
book value 4.43
cash per share 3.86
price/sales 2.23
outstanding shares 36.8 m
float 28.7 m
LT debt to total cap 36%
institutional ownership 38%
50 day MA 20.00
200 day MA 24.00
Past EPS:
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Quarterly Results 4Q1997 3Q1997 2Q1997 1Q1997
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EPS 0.30 0.25 0.20 0.41
Dividend Per Share n/a n/a n/a n/a
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Quarterly Results 4Q1996 3Q1996 2Q1996 1Q1996
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EPS 0.45 -3.46 0.39 0.38
Dividend Per Share n/a n/a n/a n/a
FIRST CALL:
QTR QTR FY FY
Mar 98 Jun 98 Dec 98 Dec 99
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CURRENT MEAN EPS 0.27 0.24 1.10 1.31
Number of Brokers 6 6 6 3
Median 0.27 0.24 1.10 1.26
Standard Deviation 0.03 0.02 0.01 0.08
Current High 0.32 0.26 1.12 1.42
Current Low 0.23 0.22 1.08 1.25
Year Ago EPS 0.41A 0.20A 1.15A 1.10
Current vs. Year Ago Change -34% 20% -4% 19%
Report Date wk/Apr 16 wk/Jul 17 wk/Jan 22 -
Ratios Relative To: Company Industry Sector WSJ/DJ
P/E on 1998 Cal Yr Mean 16.8 24.12 24.41 21.07
PEG on 1998 Cal Yr Mean 0.48 1.21 1.39 1.70
RECOMMENDATION AND GROWTH RATES
RECOMMENDATIONS LONG TERM GROWTH RATES
Current Mean 2.0 Next 5 yrs - Median 35%
Number of Brokers 4 Number of Brokers 1
Industry Recommendation: 2.1 Industry Growth Rate: 20% |
