Loading institutional data...
Loading institutional data...
Institutional accumulation: ownership increased +2.85% quarter-over-quarter.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $2.08 today, the market must believe free cash flow compounds -2.2%/yr for a decade (off $17M normalized FCF).
The market's -2.2% is more conservative than its 9-yr track record.
2-stage DCF · 0.09B shares · net debt -$19M
mean -103.2% · volatility σ 166% · implied rate exceeded in 2/6 yrs
Central path = implied -2.2%/yr growth; shaded band = ±1σ (166%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-18
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $338.7M 100.0% | $394.2M 100.0% | $347.2M 100.0% | $295.2M 100.0% | $290.8M 100.0% | $262.9M 100.0% | $285.6M 100.0% | $343.9M 100.0% | $332.0M 100.0% | $293.6M 100.0% |
| Cost of Revenue | $224.2M 66.2% | $257.3M 65.3% | $227.3M 65.5% | $202.1M 68.5% | $202.4M 69.6% | $187.2M 71.2% | $188.7M 66.1% | $227.7M 66.2% | $224.7M 67.7% | $194.5M 66.2% |
| Gross Profit | $114.6M 33.8% | $136.9M 34.7% | $119.9M 34.5% | $93.1M 31.5% | $88.4M 30.4% | $75.6M 28.8% | $96.8M 33.9% | $116.2M 33.8% | $107.3M 32.3% | $99.2M 33.8% |
| Research & Development | $30.4M 9.0% | $35.0M 8.9% | $32.3M 9.3% | $29.7M 10.1% | $29.5M 10.1% | $31.0M 11.8% | $26.8M 9.4% | $28.2M 8.2% | $25.7M 7.7% | $21.7M 7.4% |
| Selling, General & Admin | $24.4M 7.2% | $14.2M 3.6% | $23.8M 6.9% | $34.3M 11.6% | $20.6M 7.1% | $19.2M 7.3% | $23.3M 8.2% | $18.9M 5.5% | $16.8M 5.1% | $20.4M 6.9% |
| Total Operating Expenses | $107.3M 31.7% | $98.1M 24.9% | $98.7M 28.4% | $104.0M 35.2% | $83.6M 28.7% | $83.2M 31.7% | $89.5M 31.4% | $90.0M 26.2% | $84.2M 25.4% | $79.7M 27.1% |
| Operating Income | $7.2M 2.1% | $38.7M 9.8% | $21.2M 6.1% | -$10.9M -3.7% | $4.8M 1.7% | -$7.6M -2.9% | $7.3M 2.6% | $26.1M 7.6% | $23.1M 7.0% | $19.5M 6.6% |
| Interest Expense | $5.0M 1.5% | $6.0M 1.5% | $7.5M 2.2% | $5.0M 1.7% | $4.7M 1.6% | $4.1M 1.6% | $3.8M 1.3% | $4.6M 1.3% | $4.8M 1.5% | $3.8M 1.3% |
| Interest & Investment Income | $246K 0.1% | $143K 0.0% | $93K 0.0% | $107K 0.0% | $160K 0.1% | $79K 0.0% | $111K 0.0% | $111K 0.0% | $126K 0.0% | $242K 0.1% |
| Other Income (Expense), net | -$6.5M -1.9% | -$11.5M -2.9% | -$8.5M -2.4% | -$6.3M -2.1% | -$8.6M -3.0% | -$5.9M -2.3% | -$6.5M -2.3% | -$6.3M -1.8% | -$5.9M -1.8% | -$6.3M -2.1% |
| Pretax Income | $708K 0.2% | $27.3M 6.9% | $12.7M 3.7% | -$17.2M -5.8% | -$3.8M -1.3% | -$13.5M -5.1% | $781K 0.3% | $19.8M 5.8% | $17.3M 5.2% | $13.2M 4.5% |
| Income Tax Expense | $2.8M 0.8% | $3.2M 0.8% | $6.5M 1.9% | $2.4M 0.8% | $11.0M 3.8% | $2.6M 1.0% | $2.5M 0.9% | -$3.3M -0.9% | $1.7M 0.5% | $1.8M 0.6% |
| Net Income | -$2.1M -0.6% | $24.1M 6.1% | $6.2M 1.8% | -$19.7M -6.7% | -$14.8M -5.1% | -$17.1M -6.5% | -$2.3M -0.8% | $23.0M 6.7% | $15.6M 4.7% | $11.4M 3.9% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.02 | $0.28 | $0.07 | $-0.23 | $-0.18 | $-0.21 | $-0.03 | $0.29 | $0.20 | $0.15 |
| EPS (Diluted) | $-0.02 | $0.27 | $0.07 | $-0.23 | $-0.18 | $-0.21 | $-0.03 | $0.28 | $0.19 | $0.15 |
| Weighted Avg Shares (Basic) | 89.8M | 86.2M | 84.6M | 84.1M | 83.4M | 81.1M | 80.3M | 78.6M | 77.9M | 77.7M |
| Weighted Avg Shares (Diluted) | 89.8M | 88.5M | 85.5M | 84.1M | 83.4M | 81.1M | 80.3M | 81.0M | 79.9M | 78.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $18M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $38M covers all $21M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2013-09-30 (6-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~26.5% on $19M of debt.
Cash of $38M fully covers short-term debt of $19M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| CRNT | $187M | — | 9.2× | 0.6× | -14.1% | 33.8% | -0.6% | -1.2% | -1.1% | 1.1× | 78 |
Peers = companies sharing CRNT's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-18
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 41th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 5.8× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 66.2 | 66.1 | 71.2 | 69.6 | 68.5 | 65.5 | 65.3 | 66.2 |
| Gross Profit | 33.8 | 33.9 | 28.8 | 30.4 | 31.5 | 34.5 | 34.7 | 33.8 |
| R&D | 8.2 | 9.4 | 11.8 | 10.1 | 10.1 | 9.3 | 8.9 | 9.0 |
| SG&A | 5.5 | 8.2 | 7.3 | 7.1 | 11.6 | 6.9 | 3.6 | 7.2 |
| Operating Income | 7.6 | 2.6 | -2.9 | 1.7 | -3.7 | 6.1 | 9.8 | 2.1 |
| Income Tax | -0.9 | 0.9 | 1.0 | 3.8 | 0.8 | 1.9 | 0.8 | 0.8 |
| Net Income | 6.7 | -0.8 | -6.5 | -5.1 | -6.7 | 1.8 | 6.1 | -0.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CRNT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.