10X Disrupter Portfolio Update: Sell CYBE

The stock market looks ready to end 2020 on a cheery note, with the major indices back in range of record levels.
Eric Fry's The Speculator
10X Disrupter Portfolio Update

January 1, 2021

Sell CyberOptics Corporation (CYBE)

Eric Fry
Louis Navellier

Hello Savio

The stock market looks ready to end 2020 on a cheery note, with the major indices back in range of record levels. I want us to take advantage of this yearend strength to cut a stock from the 10X Disrupter Portfolio.

CyberOptics Corporation (CYBE) has developed and manufactured high-precision 3D sending technology solutions for more than 35 years. While the company's home base is in Minneapolis, Minnesota, CyberOptics' has facilities throughout North America, Asia and Europe—and its sensors are utilized by semiconductor companies around the world to boost yield and productivity.

For the third quarter, CyberOptics achieved sales of $20.8 million and earnings of $1.8 million, or $0.24 per share. That was up from sales of $12.4 million and an earnings per share loss of $0.05 in the same quarter a year ago. However, analysts were expecting earnings of $0.27 per share, so CYBE posted an 11.1% earnings miss.

In the wake of the third-quarter earnings miss, analysts have lowered their fourth-quarter earnings estimates. Let's take this as our cue to exit. Sell CYBE.

Sincerely,

Signed: Louis Navellier

Louis Navellier

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InvestorPlace

Dec 30, 2020 13:27:45.814

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