Chryon: The whole world is watching
Chyron’s (NYSE:CGS) slogan is “The company the whole world watches” and it couldn’t be more fitting; whether you’re watching ABC, FOX, CBS or ESPN, it is inevitable that you will be watching Chyron’s work as well.
The New York-based company provides broadcast graphics hardware, software and related services to the television industry. In 1970, it introduced its first character generator; today its work is the industry standard.
Its products are used to create 2-D and 3-D titles and moving graphic images for live sports, news and entertainment shows. This includes news titles, sports scores, weather information and finance tickers. The company’s ChyTV business has a full line of products aimed at cashing in on the growing video and digital signage markets. ChyTV video signage products are used at hospitals, universities, and sport and entertainment venues.
The growth that Chyron has experienced over the past few years alone has not gone unnoticed. It was recently included in Fortune Small Business’ list of the 100 fastest-growing companies in the United States, and just last month, Chyron was added to the Russell Microcap Index. The company’s hope is that the move will give its stock more exposure to institutional investors.
Whether or not this expectation materializes, Chyron’s common stock has been doing just fine on its own. It’s up 60% over the past 52 weeks and was trading at $6 per share at Thursday’s close.
Chyron’s first-quarter results reported on May 13, 2008 provided validation for this steep appreciation in stock price. Company management reported a . . .
The New York-based company provides broadcast graphics hardware, software and related services to the television industry. In 1970, it introduced its first character generator; today its work is the industry standard.
Its products are used to create 2-D and 3-D titles and moving graphic images for live sports, news and entertainment shows. This includes news titles, sports scores, weather information and finance tickers. The company’s ChyTV business has a full line of products aimed at cashing in on the growing video and digital signage markets. ChyTV video signage products are used at hospitals, universities, and sport and entertainment venues.
The growth that Chyron has experienced over the past few years alone has not gone unnoticed. It was recently included in Fortune Small Business’ list of the 100 fastest-growing companies in the United States, and just last month, Chyron was added to the Russell Microcap Index. The company’s hope is that the move will give its stock more exposure to institutional investors.
Whether or not this expectation materializes, Chyron’s common stock has been doing just fine on its own. It’s up 60% over the past 52 weeks and was trading at $6 per share at Thursday’s close.
Chyron’s first-quarter results reported on May 13, 2008 provided validation for this steep appreciation in stock price. Company management reported a . . .
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About the Author
Billy Fisher is a certified public accountant and and freelance investment writer whose work has appeared in Investor's Business Daily and The Motley Fool.