ATGN consolidating nicely, will be at 3.00 soon imhoStill zero institutional funds, but once they uplist this will get interesting. While its moved they turned down an offer years ago at $2.20 and that was when this company was hardware now software recurring model which a much better edge than its peers, even CXDO which doesnt have the tech is valued higher still.
ATGN trade ideas
ATGN - consolidating nicely great new partnership After the run above 1.00 this has consolidated nicely and has much better technology than cxdo which trades at more than twice the value of Altigen. Another great quarter and legacy business should keep from holding back the valuation on this in 2020 as the true growth rate wakes up some late analysts. Managment team was smart to pass up the 2.00 offer back a few years ago when it was a hardware company, they should get a better valuation as a software UC Ucass company.
AltiGen Communications Trade setupAltiGen Communications, Inc. engages in the provision of Microsoft cloud solutions. It operates through the North America, and Rest of the World geographical segments. The North America segment comprises of United States, Canada, Mexico, Central America, and the Caribbean. The Rest of the World segment focuses on Europe. The company was founded by Gilbert Hu in May 1994 and is headquartered in San Jose, CA.
ATGN - Microsoft Teams Microsoft Teams is accelerating which is good news for ATGN and while others may talk about being part of teams, Altigen is the only one on their Azure platform with their specialized tools. Biggest news is that Fiserv renewed their agreement with Altigen 09/01/19. While Fiserv won't do a press release what is important is that this is the first time after a 10 yr contract they could of switched to a different supplier of which their are now many; the fact they elected to continue with Altigen for another 5 years is telling.
ATGN - great Acquisition / and better tech than FIVNATGN just acquired Workspace Communications which we view as a great acquisition that’s accretive and has been derisked.
Altigen is now working with RBBN
Altigen is still the only profitable UC co in the space.
While FIVN “talks” about integration w MSFT, in some recent press releases - do some homework and you’ll find out it’s really Altigen that’s ahead - hint ask FIVN if they are on the Azure platform for MSFT teams. Think about what this company could do if they focused on growth vs profitability, Not that I’m in support of it, but it’s only a matter of time before it gets recognized. The big players can buy a profitable co w a great msft technology edge for next to nothing. Teams is finally starting to pick up which will open up the spicket for Altigen.