| DON'T BUY | 3.850 | David Burrows | The problem is, this was seen as a growth stock, but had no growth. If they can't get revenue growth and earnings gains, the stock will have a hard time moving higher. | 2007-04-24 | |
| HOLD | 4.190 | Robert Floyd | Because of security reasons, guidance coming out of the company is very limited and is frustrating to analysts. It takes time for them to put licensing into their encryption products, and that creates delays. Looking for a new CEO. Also want to go after companies using their technology and make them pay. | 2007-04-19 | |
| DON'T BUY | 4.670 | Peter Hofstra | This is a company that has been able to make cash in certain periods of time, but the consistency of execution has not been attractive to him. | 2007-03-22 | |
| Comment | 5.700 | Robert McWhirter | Ranks 487. Analysts shaved estimates by 20% in the last 90 days. Expected to earn $.21 for April/08 year-end giving it a high 25 P/E. They license their technology for consumer electronic devices as well as good encryption technology. Speculative. | 2007-02-28 | |
| BUY | 5.900 | Robert Floyd | Still positive on this stock. Company has made a number of announcements recently about future contracts. | 2007-02-13 | |
| DON'T BUY | 5.680 | Alex Lane | The frustration for this company has always been how are they going to translate a very brilliant encryption algorithm into revenues and profits. Most of the revenue has been generated through toolkits. They may have missed their window. | 2007-02-06 | |
| WATCH | 5.840 | Robert McWhirter | Ranks in the bottom 15% of his database. Earnings estimates have been shaved by about 6% in the last 90 days. Forecasting a swing from a loss of $0.09 in April/06 to earnings of $0.02 in 07. Forecasts for 08 are earnings of $0.26. Signing up clients, but it takes nine months for revenues to come. | 2006-11-28 | |
| DON'T BUY | 5.850 | Peter Hofstra | Neat area, risky name. You can find better places to go. | 2006-10-30 | |
| BUY | 8.460 | Ron Meisels | This stock has done very well. It could go to $12 or $13. He would buy.
He has just discovered the stock and likes how it is breaking away. | 2006-03-02 | |
| VAGUE | 8.040 | David Burrows | Company is not seeing profit right now, but business is improving. | 2006-02-27 | |
| WEAK BUY | 5.450 | Robert McWhirter | Ranks just below half of the database. Earnings estimates were down by 15% and the company just warned today of poor earnings expectations. Their product is useful for interenet security and can also help prevent video and music piracy. They are negotiating with very large companies on very large contracts for global applications. | 2005-10-27 | |
| WEAK BUY | 6.150 | Robert McWhirter | Recently purchased a small bit. Ranks poorly in his models because it has and Apr/06 year end and is expected to lose a penny. Going out to Apr/07, it is expected to earn $0.13. A grossly speculative venture. | 2005-09-15 | |
| DON'T BUY | 4.880 | Robert McWhirter | Have some interesting technology in encryption and are looking at licensing it. Had a negative earnings surprise when they reported their earnings. Earnings are expected to go from minus $0.13 to break even in '06. Ranks poorly in his model. | 2005-07-21 | |
| DON'T BUY | 5.800 | Danny Tomka | An encryption company. Have signed a US defense contactor where they get a royalty. No visibility as to where/when these deals are going to be consumated so difficult to know what to pay for it. | 2005-06-02 | |
| DON'T BUY | 5.520 | Brian Acker, CA | Expected to swing from a loss of $0.11 to a gain of $0.02. That makes a fairly high 230 PE. Have great patents on some very interesting technology. Believe they will end up signing some royalty agreements with a great variety of companies. Feels it is extremely expensive at this point. | 2005-04-14 | |
| DON'T BUY | 4.600 | Scott Morrison | Has some interesting technology. Feels that wireless in the short term is a bit over-hyped. Would look at it on any pull-back. | 2005-01-14 | |
| WAIT | 3.760 | Werner Muehelemann | Have been following their results over the last year and have been taking a hard look at it. Would like to see some momentum in the earnings. Had a big contract with the US government which was very impressive. Would buy on news of more contracts. | 2005-01-06 | |
| DON'T BUY | 2.720 | Werner Muehelemann | Moving into the software protection area which is an interesting sector. Will be checking with management to assess the company. Still no big sales coming. | 2004-09-07 | |
| DON'T BUY | 2.600 | Robert McWhirter | Was successful in landing a large contract several months ago which caused the stock to go up but has not pulled back. Borderline bottom 1/3 of the database. Earnings losses are expected to decrease. | 2004-08-20 | |
| BUY | 2.710 | Robert Floyd | The last big contract was with NSA. Sees some follow-on orders from this. Their problem in the past is a lack of strong quarterly earnings reports. There is over $1 in cash per share. | 2004-08-03 | |
| WAIT | 3.180 | Robert McWhirter | Long term contracts. Positive earnings in future. | 2004-07-09 | |
| DON'T BUY | 3.460 | David Chapman | Possibly forming another shoulder from an existing shoulder and head. Not sure, but doubts if it has much oomph. | 2004-06-28 | |
| DON'T BUY | 3.330 | Robert McWhirter | Ranks borderline in the top 1/3 of their database. Expected to lose $0.04 out to April/05. Moving towards an intellectual property model based on their patents. Fully valued. | 2004-06-02 | |
| WAIT | 3.950 | Peter Hodson | Had a huge run because of the $25 million government contract. Getting a little expensive, and would let it settle down. Has always had a lot of promise and is now delivering. | 2004-03-02 | |
| DON'T BUY | 3.990 | David Baskin | Has had a nice run and the earnings were pretty good but concerned that they are at the mercy of the regulators. | 2004-03-01 | |
| DON'T BUY | 4.150 | Peter Hodson | Has excellent technology. Likes the space but not sure how much more they can grow. Well-run. | 2004-02-20 | |
| DON'T BUY | 4.450 | Gavin Graham | Been motoring. Run very well, nervous about all techs. | 2004-02-03 | |
| WEAK BUY | 4.350 | Andrew McCreath | Most of the long term earnings power has been eliminated, doesnt mean stock will go up in short term. cautions the inverstor, dealing with highly speculative securities | 2004-01-28 | |
| DON'T BUY | 4.440 | Andrew McCreath | Feels the previous management licensed the future away to make some quarters. Fundamentally, the long-term earning power has been eliminated. | 2004-01-26 | |
| WAIT | 4.470 | Peter Hodson | Likes the company. Gaining traction in the security space. Starting to get contracts. Has had a huge up tick, and could go down a couple of dollars. | 2004-01-23 | |
| BUY | 3.890 | Michael Smedley | Fascinating. Landed a business potential with Motorola which might be revenue producing. | 2004-01-16 | |
| DON'T BUY | 3.800 | Robert McWhirter | Earnings estimates have dropped by about 58% recently. Their product is good encryption taking up only a small amount of space. New contracts have been beneficial. | 2004-01-15 | |
| DON'T BUY | 2.860 | Larry Berman CFA, CMT, CTA | Starting to form a mini bubble. Would be very nervous about this stock. If it got back to a $1.50, that would be really ugly. Very high risk. | 2003-12-15 | |
| WEAK BUY | 2.920 | Mark Jackson, CFA | There are a number of fairly positive things going on. Raised some money on the basis of a large US governmental contract. Still a high risk. | 2003-12-09 | |
| BUY | 1.600 | Robert Floyd | Numbers have been on the weak side. With some of the approvals they got in the states, they should be in line for government contracts. Sees higher highs. | 2003-09-22 | |
| DON'T BUY | 1.300 | Robert McWhirter | Ranks in the bottom 20% of the database. There are no forecasted ROE’s to improve. If you own sell. | 2003-08-29 | |
| WEAK BUY | 1.340 | Mark Jackson, CFA | There is potential to make some money on this stock.But there is also potential for it to go to zero.High-risk/high return.Have reduced their costs but has new management. | 2003-08-20 | |
| DON'T BUY | 1.230 | Larry Berman CFA, CMT, CTA | Higher risk and will probably underperform. Be patient. A nice base pattern seems to be developing. | 2003-07-21 | |
| DON'T BUY | 1.580 | Mark Jackson, CFA | Current revenue levels indicate it could break even. Speculative. | 2003-06-10 | |
| DON'T BUY | 0.890 | John Zechner | Limited consumer demand. | 2003-01-21 | |
| DON'T BUY | 1.010 | Mark Jackson, CFA | Needs to see a pick up in revenues and then earnings. | 2002-07-09 | |
| DON'T BUY | 1.660 | Mike Weir | Not a fan. | 2002-05-15 | |
| DON'T BUY | 1.650 | Robert McWhirter | Will take time for a turn around. | 2002-05-10 | |
| DON'T BUY | 2.400 | Robert McWhirter | New management. Their earnings picture is cloudy. | 2002-04-19 | |
| DON'T BUY | 2.570 | Ian Nakamoto | Will be tough to get business with tech sector down. | 2002-04-17 | |
| DON'T BUY | 2.330 | Robert Floyd | Would like to see a higheer intake. Will take a while. | 2002-04-05 | |
| DON'T BUY | 2.690 | Ted Macklin | Speculative. A leader in its sector. Burning cash, so have some capital problems. | 2002-02-12 | |
| DON'T BUY | 3.200 | Howard Sutton | Encryption area is a good sector to be in, but not sure if they can execute. | 2002-01-23 | |
| DON'T BUY | 3.360 | Glenn Paradis, BA, CFA | Has had a good run. Switching business models and new management . Some uncertainty, so wait. | 2002-01-17 | |
| DON'T BUY | 3.310 | Eric Bushell | Good product, but into a cash shortage. Speculative. | 2001-12-13 | |
| SHORT | 2.880 | Brendan Kyne | Has declining cash balance and large debt. | 2001-12-04 | |
| DON'T BUY | 2.950 | Bruce Cooper | Volatile and high risk. Unproven business model. | 2001-11-29 | |
| DON'T BUY | 3.270 | John Zechner | Good product, but having troubles getting the adoption of wireless implementation of software. Burning cash. | 2001-11-27 | |
| DON'T BUY | 3.300 | Mike Weir | Not sure if rally can be sustained. | 2001-11-16 | |
| DON'T BUY | 2.000 | Brendan Kyne | Management changes. Burning cash. Limited profitability. | 2001-11-12 | |
| DON'T BUY | 2.200 | Ted Macklin | High cash burn rate. This sector needs some industry standards before it can settle down. | 2001-10-22 | |
| DON'T BUY | 2.680 | Mike Weir | Not a fan of their business plan. | 2001-10-17 | |
| DON'T BUY | 2.130 | Robert McWhirter | Burning a lot of cash. Stuck with long term real estate leases. | 2001-10-04 | |
| DON'T BUY | 2.820 | Glenn Paradis, BA, CFA | Have had to change their business model. Limited focus. Good asset, but burning a lot of cash. | 2001-09-24 | |
| DON'T BUY | 3.000 | David Baskin | Tremendous problems. Balance sheet is a mess. It could disappear. | 2001-08-31 | |
| DON'T BUY | 3.980 | Martin Hubbes, CFA | Good technology, but hasn't been able to convert it into revenues. Has money problems. Caution. | 2001-08-24 | |
| DON'T BUY | 4.720 | Mark Jackson, CFA | Great technology. Contracts with all the big players, but questions if they can create revenue. | 2001-08-16 | |
| DON'T BUY | 5.500 | Robert McWhirter | Possible takeover target. Weak fundamentals. | 2001-08-03 | |
| DON'T BUY | 2.970 | John Zechner | Not competitive. Last Q. was poor. | 2001-07-30 | |
| DON'T BUY | 2.630 | David Driscoll | Pressure to get capital creates difficulty. | 2001-07-20 | |
| DON'T BUY | 3.360 | Robert McWhirter | Too many challenges. Poor sales. | 2001-07-06 | |
| DON'T BUY | 3.810 | Ross Healey | Trading at FMV now. | 2001-07-03 | |
| DON'T BUY | 4.100 | Steven Wippersteg | Short term is not good. Good technology. Takeover target? | 2001-06-27 | |
| DON'T BUY | 3.990 | Bill Shaw | Well managed, but will be a long time before recovery. | 2001-06-26 | |
| DON'T BUY | 4.380 | Michael Sprung | A roller coaster. Good technology. A lot of competition. | 2001-06-21 | |
| DON'T BUY | 5.800 | Ted Macklin | Weak cash flow. Mngmnt change. Good technology. | 2001-06-13 | |
| DON'T BUY | 7.200 | Ian Nakamoto | A leader in encryption space, but sector is slow right now. | 2001-06-05 | |
| BUY | 15.100 | Mark Jackson, CFA | Some positive news recently. At a good price. Good technology. | 2001-05-16 | |
| DON'T BUY | 15.500 | Robert McWhirter | Have growth but negative earnings. | 2001-05-11 | |
| DON'T BUY | 15.290 | Ross Healey | Cautious when earnings don't meet the current price. | 2001-05-03 | |
| DON'T BUY | 15.600 | Robert Floyd | Probably bottomed. Needs new contracts and growth. | 2001-04-30 | |
| BUY | 15.150 | Rob Mikalachki | Good business. | 2001-04-27 | |
| BUY | 16.500 | John McColl | Has good technology. Long term OK. | 2001-04-19 | |
| DON'T BUY | 13.850 | Brian Acker, CA | Management issues and probably no earnings for 3 years. | 2001-04-16 | |
| DON'T BUY | 9.900 | Martin Hubbes, CFA | Highly speculative. Have royalties, but no earnings from these as yet. | 2001-04-05 | |
| BUY | 9.350 | Glenn Paradis, BA, CFA | In a good position and now has funding. | 2001-04-04 | |
| WAIT | 10.900 | David Baskin | Sector is down. Worst may be over. | 2001-04-02 | |
| DON'T BUY | 13.180 | Phil Smith | Volatile. High risk | 2001-03-14 | |
| DON'T BUY | 13.750 | Robert McWhirter | Just completed financing. Losing money. | 2001-03-09 | |
| DON'T BUY | 13.700 | Ross Healey | Reasonable value, but not much of an earnings driver. Speculative right now. | 2001-03-06 | |
| WAIT | 12.390 | Scott Morrison | Good proprietary technology. Fell in sympathy with techs. Good management. Embryonic stage. Will be getting licensing fees and royalties by year end. Burning cash, so wait and see howit plays out. | 2001-03-05 | |
| DON'T BUY | 14.300 | John Zechner | Leader in encryption and valuation is better, but volatile. | 2001-03-01 | |
| WAIT | 21.600 | Rob Callander | Volatile. Encryption is a good business and this company is strong in this area. Too high now | 2001-02-20 | |
| WAIT | 26.000 | Eric Bushell | Had trouble raising money. Investors impatient | 2001-02-15 | |
| BUY | 24.700 | Ray Steele | Near their bottom. | 2001-02-14 | |
| DON'T BUY | 23.850 | Mike Weir | Not a fan. Can't figure out how they will get their income. Also mngmnt doesn't have a good track record. Interesting technology. | 2001-02-12 | |
| DON'T BUY | 27.050 | Robert McWhirter | New deal with Lucent, Expects a drop in earnings. Price is too high. Volatile | 2001-02-02 | |
| WAIT | 30.850 | Ted Macklin | Good company. A hot space, but no industry standards yet. Lost their CEO and no replacement yet | 2001-01-29 | |
| BUY | 25.400 | Ray Steele | Has raised some money. Sound technology. Good long term. At a good value now | 2001-01-18 | |
| STRONG BUY | 20.100 | Glenn Paradis, BA, CFA | Well positioned as an infrastructure play in wireless area. Also moving into a new product line. Good long term hold and attractive price now | 2001-01-09 | |
| BUY | 25.000 | Steven Misener | Missed financing that they needed Has unique products. Had tax loss selling. Should be good | 2001-01-02 | |
| BUY | 30.000 | Malvin Spooner | Expect to see real numbers soon | 2000-12-29 | |
| WAIT | 34.000 | Bruce Cooper | No huge revenues. Could be a big player in securities | 2000-12-08 | |
| WATCH | 32.600 | Scott Morrison | Encryption Technology will become more important. They have a good competitive advantage | 2000-12-07 | |
| DON'T BUY | 33.250 | Michael Sprung | Difficult to assess. Lots of competition. Basically a one product company | 2000-12-05 | |
Experts that have talked about Certicom
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