2 Avigilon Finance Directors Out, In Addition to CFO

Author: John Honovich, Published on May 13, 2014

Avigilon's stock has dropped more than 25% despite earnings meeting analyst estimates in the 3 days after Avigilon announced their CFO's exit.

Moreover, two Avigilon Finance Directors, in addition to the CFO, have also exited the company in the previous month.

In this note, we review these exits and the concerns that investors are raising about this.

********'* ***** *** ******* **** **** **% ******* ******** ******* analyst ********* ** *** * **** ***** ******** ********* ***** ***'* ****.

********, *** ******** ******* *********, ** ******** ** *** ***, have **** ****** *** ******* ** *** ******** *****.

** **** ****, ** ****** ***** ***** *** *** ******** that ********* *** ******* ***** ****.

[***************]

2 ********* ***

*** *** ********* ********* *** *** ******** ** ********* ******** *** ******** *** ****** *** ******** ** ******* ****** *****, **** ****** ***** ***** ** ******** *****, ************, ** months *** ** ****** ** *** *******.

CFO "******" *********** **********

********, **** *** *** ********* *** *** '******' ***********, ********* to ******** ** **** ************ **** *** ******* ******.

***?

  • *****'* **** ** *********** *********** *** *** ***'* ****, *** in *** ************, *** *** ********'* **** *** *** *** ** *********, ******* ******* ********* ***** ******.
  • *** **** ***** **** *** **** ** *** "** ********** **** * ******** ****** *****." *** '** ********** ****' ****** ** not ***** (*** *** ****** ***** *** ***** ** *** exit ******?) *** ***** ** **** ** * *** *******.
  • ** *** *** ****** ** **** ** *** ******** ****** to ****** ***, **** ** ** *** * ****** *****, they ***** **** ****** *** *** ** ***** / **********.
  • ** *** ****** ***** *** ****** **** *** ** ***** an ********* ****, ** ***** ** ******** *** *** *** ** make a ******** / ***** ********* ** *** ********'* **** ** TV ********* (**** ** "** **** **** **** ****** ****, etc.") **** ** **** ** **** ********'* **** ******. *******, none *** ********.
  • ********, ** *** *** *** ******* ** **** *****, *** company ***** ** ******* ** ******* * ********* **** *** (like "********'* * ***** ******* *** * **** **** ***** to **** ****"). ******* ** ********* ***** ****, *** *** did **** **** ** ****** *** ******** *******.
  • ********** *** *** **** *** *** ****** *** ******** **** have **** **** ******** ** *** **** *** ******* ** the ********* ****** ******.

Investor ********

***** *** ****** ** *** *** ****, *** **** ** supporting ******** *** *** *********** *** *** * ******** ********* directors *** ****** ****** *** **** ****, **** *** ****** significant ******** ********.

*** *** ****** ******* ********'* ***** ***** ***** *** ** the **** *** ***** *** **** ***** *** ****** ****** rate **** *** ********.

*** ******* ** **** *** ***** ********* ******** ********’* ********* numbers, ** ***** ** **** *********. *** * ******** ****** financial ******** ***** ** * ***** ******* **** **** ****** not **** ******, ******* **** ***** ***** ************* ** ** there **** ******* **** *** ********** ********? ** ** *** latter **** **** ******* ** ** ******** **** ********’* ***** price.

******

**********, ******** *** ******* ********, ** ***** ** ****************************. *** *********, *** *********, ** ******* *** ******** / business ******** *** ******* ****** ****** **** ********* **** **** expecting *** ******** *** **** *********.

*******, **** *** ******** ******, ***** ***** *** *** ********* stock **** *** * **** ******. *** ** *** *** factors **** *** ************ ********’* ****** ** ***** ******* ** ***** capital *** *********, **** ** ********* *** ****** ** ******, ********* ***$*** ******* ************ ** ****. ***, ***** ****** ********* *** ****** ** ~$29, *** **** **%. ****, ****** ******** ***** ******* *** underwater. ******* * ***** ********** ****, ****** **** ** ****** for *** *******.

******** *** *** ********** ******** ** ***** ***. **** **** be *** ******* ***** **, ** ********’* *** **********, **** their ******* ******** ***** *** *** ***** *** *******’* ***** to ******* ** ***** *****?

 

Comments (8)

**** ***** *** **** ********* ***** ****** *** ***** **** their ****** ****** ** **** ******* *** * ****** *** man ** ** ***** ********* '***** *** *******'.

*** ******* **** ******* ***** *** ******, *** ***, ** others***** ***** ** *** ***** **** *****, ******* ** ** know **** ***CFO ** ****** **** to death then he might be honest enough to not lie much after all. And this is the way a 'dead cat bounces' back for his tenth life.

***** ** ** **** **** *** ** **** ***** **** entire ******, ** ** **** ** **** * ***** ** start. * **** ** **** ** *** *** *** ****. buy *** ***. *** ***** ** *******. **** *** ** interested ** ** ****** *** ***** ** **** *** *** product. ** ****** * ****** ******** ** ** **** * hear **.

** ** **** ******** *******, *** ******* ** ****-****** *** the ***-****** ********. ******** ** *** ** ***** **** *** buyer ******* **** ***'* **** ** *********** ** *******. **** talk ** ****. *********** ***** *********** *** ************, ********* ************* process, *** ********, * ******* ** *********.

**** **** ******* ******* * ********** *****.

** *** **** **** ****** *** * ***** *** **** heard *** *** ******...** ** ** *** **** ** ** true, ** ******** **.

"...*** ********, * ******* ** *********."

******* ***** **** *** ****. ******** ***** *** * *** and **** ** *** ****** ****** * ***** **** ***** product ** * *** ******** ***** ****** ********. **** * requested **** ******* ** **** * ****** *** *** *-************ camera *****-***, **** ******** ******* **** ***'* *********** ** *****-****...********* along *** ***** ** **'* *** **** ** ***** ***********...****, blah, ****. ****** **** ** *** ******* ****. *** *** arrogant *** **. ** ********, "** *** ***'* *********** ** the *****-***, *** ***'* ** ******** ** *** ****. ** invited ** ***." **** ****** **** **** ****...*** ** *** I. *** **** * ***** ** **, **'* **** * few ***** ***** ****'** ****** ** **. ***** ***** ***** people *** ****, ** ***** **** **** ***** *** ***** engineering ***** *** **** **** ***** *******. ****** ***, '***'* call **, ********. *'** **** ***."

*** *** **** ** *** ******. **** ***** ** ********

*** [********] ** ***.

*** ***** ****** ** ***** ***** ***** *** **** ***** to *** **** ** ******* *** ***** ****** *** ***** due ** **** ***** * ****** **********

*** ***** *** ****** *** ****** ****........ **** ** *** beneath *** ** "***** **"

** ******* *** ** **... ****!!!!!....... ****** ** **** ** a ***** *** ** *** ******* ** *** *** ********* 300+ *********** * **** **** * ************* *** ******* ** ** * ***** ** **** *****.

** *** ******** **** ******* **** ***** ***** ******* *** take *** ***** **** *** *** ******* ***** *** ** a **** ***** ******..... ***** **** **** *'* ** ** for *** **** **** ******** ***.

*** *** *** ****.............................

**** *** **** *** **** ******* ** *** ****** *** have **** ******** ******** *** **** *** *******.........

** ****** **** ** **** *** *** *** ******* *** the ****** **** ** **** ******** ** *** *** ***** over *** ***** ****** *** ******** ********

** *** *** **** *** **** *** * *********** ** this *******..........

* ****** **** ***** ***** *** *** ******** *** ***** and **** **** **** *** ***

** *** *** **** *** *** ******** ***** ******* **** look **** ***** ***** ***....

***** ** **** ***** ****..... **** **** **** *********.....

**** ***** **** *******.

** *** *** **** *** *** ******** ***** ******* **** look **** ***** ***** ***....

*** **** ***** ********* *** *********** ** *******/********** ** **** 'look **** **** *****', *** * *****... *** ** **** a **** *****?

***** ******* ***** **** ******* **** ******** ****?

* ** *** ***** ****'* *******. ********* *** *** *** CFO ***** **** *** ******** ******* *** * *** *** from *** *******.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Most Recent Industry Reports

Everbridge Mass Notification Service Examined on Mar 24, 2017
Everbridge is expanding in the security space. In January 2017 Everbridge acquired PSIM platform IDV, and have also begun integrating with other...
Hikvision Removing Auto 'Phone Home' on Mar 24, 2017
Facing pressure over their cameras auto phoning home and their Chinese government ownership, Hikvision has begun quietly removing automatic...
Axis Camera Vulnerabilities From Google Researcher Analyzed on Mar 23, 2017
A Google security researcher has reported 6 vulnerabilities for Axis cameras, affecting multiple models and firmware versions. In this report, we...
OpenEye Takes Aim At Exacq on Mar 23, 2017
First Milestone targeted Exacq with a takeover offer, and now OpenEye is gunning for them with an offer to swap out Exacq for their cloud-managed...
Lock Keyways For Access Control Guide on Mar 23, 2017
Lock keyways can be the difference between a lock working or not. Understanding keyways is important for access control. Indeed, a member recently...
Broken Browser Support for Video Surveillance on Mar 22, 2017
Modern web browsers have left the security industry behind. Current Chrome, Firefox, and Microsoft Edge browsers do not support NPAPI plugins,...
ADI Favorability Results on Mar 22, 2017
150 North American integrators provided feedback on 6 distributors, and why they do (or do not do) business with ADI. ADI is clearly a big name in...
1 Million Dahua Devices Exposed To Backdoor on Mar 22, 2017
Statistics show that 1 million Dahua devices are publicly exposed and vulnerable to the Dahua backdoor. Despite this, Dahua has downplayed the...
Hikvision Hires Crisis Communication Writer on Mar 21, 2017
Hikvision has hired a crisis communication writer as the company ramps up its efforts to deal with the 'crisis' it feels it is facing. 'Crisis...
Glass Break Sensor Tutorial on Mar 21, 2017
Burglars often break glass windows to get into a house. Using glass break detectors in conjunction with alarm contacts is a good way to protect the...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact