Needham & Company Reaffirms Strong-Buy Rating on MaxLinear (MXL)

By admin | 7 years ago

MaxLinear (NYSE: MXL)‘s stock had its “strong-buy” rating restated by equities researchers at Needham & Company in a report issued on Thursday.

MaxLinear traded down 0.60% on Thursday, hitting $4.95. MaxLinear has a 52-week low of $4.13 and a 52-week high of $9.53. The company’s market cap is $165.1 million.

The company last announced its quarterly results on Wednesday, May 2nd. It reported ($0.06) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.07) EPS by $0.01. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that MaxLinear will post $0.00 EPS next quarter.

MaxLinear, Inc. is a provider of integrated radio-frequency (RF) analog and mixed-signal semiconductor solutions for broadband communications applications.

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