Q: When do they next report? What is expected? Stock has been very strong. What factors are playing to this? What might derail the upward movement?
5i Research Answer:
Yesterday's move seemed connected to the discussion of potential mines in the Strait of Hormuz. PNG technology can help detect mines. Estimated earnings is April 28; 3c per share, $46.4M revenue. A lost contract, or a win going to a competitor, would hurt the stock. General market weakness could as well. Inflation, high interest rates. A sector sentiment shift (not likely).