stec inc
(STEC:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
stec inc (STEC) Snapshot
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Open
$3.45
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Previous Close
$3.50
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Day High
$3.51
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Day Low
$3.42
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52 Week High
07/3/12 - $8.39
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52 Week Low
04/22/13 - $3.32
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Market Cap
160.4M
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Average Volume 10 Days
435.9K
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EPS TTM
$-2.10
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Shares Outstanding
46.8M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
stec inc (STEC) Related Businessweek News
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STEC, Inc. designs, manufactures, and markets enterprise-class solid-state drives (SSDs), flash cards, and flash modules for use in high-performance enterprise applications, and high-density dynamic random access memory (DRAM) modules for networking, communications, and industrial applications. Its solid-state drive products include PCIe Accelerators for ultra-low latency applications; ZeusIOPS SSDs, which provide enterprise-class data storage solutions; MACH SSDs that are small form factor storage solutions for mission-critical systems in various industries; and ZeusRAM SSDs for enterprise-storage subsystems. The company’s flash cards and flash module products comprise CompactFlash Memory products that provide PC Card ATA functionality; flash modules, including USB and Serial ATA interfaces; USB flash drives; and single chip drives. It also offers DRAM products, which include dual in-line memory modules (DIMMs), small-outline DIMMs, mini-registered DIMMs, very low profile registered DIMMs, and fully-buffered DIMMs for computing, communications, and embedded industrial applications. In addition, the company provides integrated circuit tower stacked components for thin small outline package and ball grid array semiconductor packages for use on memory modules and within high capacity flash products. It sells its products through direct sales force and original equipment manufacturer distributors in the United States and internationally. STEC, Inc. was founded in 1990 and is headquartered in Santa Ana, California.
stec inc (STEC) Top Compensated Officers
stec inc (STEC) Key Developments
STEC, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue was $22.0 million, a decrease of 56.3% from $50.4 million for the first quarter of 2012 and a decrease of 37.3% from $35.1 million for the fourth quarter of 2012. GAAP diluted loss per share was $0.54 compared to $0.23 for the first quarter of 2012 and $0.50 for the fourth quarter of 2012. Non-GAAP net loss was $19.03 million against $7.88 million for the same period a year ago. Non-GAAP diluted loss per share was $0.41 compared to $0.17 for the first quarter of 2012 and $0.35 for the fourth quarter of 2012. Operating loss was $25.42 million against $13.88 million for the same period a year ago. Loss from operations before income taxes was $25.38 million against $13.65 million for the same period a year ago. Non-GAAP operating loss was $18.91 million against $9.57 million for the same period a year ago. The company’s current expectation for the second quarter of 2013 is as follows: Revenue to range from $23 million to $26 million; and Non-GAAP diluted loss per share to range from $0.41 to $0.43.
STEC, Inc. announced that GeoEnergy, Inc. has deployed sTec(R) enterprise-class solid-state drives in its data center, enhancing GeoEnergy's workload performance by a factor of 10. GeoEnergy's role in oil and gas exploration consists of processing and analyzing large data sets from seismic surveys, which can be as large as tens of terabytes. By replacing its existing SSDs used in its seismic data server with sTec enterprise-class SSDs, GeoEnergy was able to meet the performance and durability demands of its extremely I/O-intensive applications. Typical in the oil and gas industry, GeoEnergy faces huge computational and storage resource demands driven by seismic processing. After doubling its computing capacity in a matter of months, GeoEnergy needed to scale its I/O performance to meet even more demanding workloads. The company attempted to improve its application performance by using consumer-grade SSDs, but those failed after only six months, and risked impacting project deadlines. GeoEnergy then replaced the drives with sTec enterprise-class SSDs.
STEC, Inc. announced that they will report Q1, 2013 results on May 08, 2013
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Industry Analysis
STEC
Industry Average
| Valuation | STEC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.2x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.2x |
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