Tag Archives: rubicon

Rubicon Technology (RBCN) Beats, But Down AH On Poor Guidance

Rubicon Technology (RBCN) reported earnings results after the bell today that were ahead of analyst estimates, but the stock is getting hit more than 12% in after hours trading on very weak guidance.

The company reported an EPS number of .35/share on revenues of $33.6 million which was above the analyst estimates of .26/share on revenues of $31 million.  The company attributed the strong results to strong sales of its six inch polished wafers which … Read the rest

Rubicon Technology (RBCN) Beats, Guides Higher & Announces $71 Million Contract

The good news is flowin for Rubicon Technology (RBCN) after the bell today, but traders aren’t impressed enough to continue to send the stock into the stratosphere l.. at least in the early going.  The stock is down a few percent as I write this.  The company beat analyst estimates by reporting a Q2 EPS of $0.18, vs the estimate of $0.14 on revenues of $15.8 million vs the estimate of $14.50 million.  Sequentially, that’s … Read the rest

Rubicon Technology (RBCN) Insider Selling: CEO, CFO Liquidate Entire Position

Just days ago Rubicon Technology (RBCN) closed on a public offering of more than 3 million shares, raising around $62 million.  In that offering, 834,000 shares were sold to the public by “selling stockholders” as indicated in the press release.  We know now that those selling stockholders include the CEO and CFO according to InsiderCow.com, both of which liquidated their entire position. CEO Raja Parvez sold all 200,000 shares for a cool $5.68 million … Read the rest

Rubicon (RBCN) Beats Estimates, Guides Above As LED Demand Remains Strong

Rubicon Technology (RBCN) is getting closer to returning to profitability, reporting a loss of .04/share on revenues of $8.5 million, both of which beat analyst estimates of a .05 loss on revenues of $7.3 million.  Sequential revenue continues to improve quickly with 49% growth over last quarter.  The company expects to return to profitability next quarter with estimates of an EPS of .03 gain on revenues of $10.5 million.  Both estimates are above Wall St … Read the rest

Rubicon (RBCN) Posts Earnings, Slow To Capitalize On LED Industry Strength

Rubicon Technology (RBCN) reported results this morning that weren’t all that impressive.  With Cree Inc (CREE) continuing to do extremely well in the LED space, I expected a bit better results.  The company reported a loss of .10/share which matched analyst estimates on revenues of $5.7 million which was a bit above what Wall St expected.  The CEO commented on the strength in the LED market , but it doesn’t appear they’re capitalizing just yet.… Read the rest

Canaccord Adams Downgrades Rubicon (RBCN): "Add to Position On Pull Backs"

Canaccord Adams has downgraded Rubicon Technology (RBCN) from Speculative Buy to Hold but increased the price target to $11 following earnings

Hat tip to StreetInsider.com for  the following analyst comments:

“While we continue to find Rubicon an attractive way for investors to gain exposure to the exciting LED industry, we feel that a lack of near-term catalysts, visibility into pricing,
capacity expansion and relatively rich valuation cause us to step to the sidelines. We would … Read the rest

Rubicon Technology (RBCN) Beats Expectations, But Still Seeing Red

Rubicon Technology (RBCN), which makes components for LED’s, swung to a loss in the 2nd quarter vs a profit in the year ago quarter of .12/share.  While the company did beat expectations for revenue and EPS by reporting an EPS loss of .15 and revenues of $3.2 million, this is a company that continues to struggle after showing some promise last year.  You certainly wouldn’t know it by its stock price!  I suppose on the … Read the rest