Silicom (SILC) Announces New Design Win with Large Chinese Networking Firm
Get Alerts SILC Hot Sheet
Price: $15.36 +1.05%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.1%
Revenue Growth %: -60.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.1%
Revenue Growth %: -60.0%
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Silicom Ltd. (Nasdaq: SILC) has secured a strategic new Design Win from a Tier-1 Chinese networking equipment giant. The customer has placed initial purchase orders for multi-port adapters to be used in a number of its servers and server-based networking equipment products and provided a short term forecast demonstrating an annual revenue potential of approximately $1 million. In addition, the customer has indicated the potential for its annual purchase orders to reach several times this amount once it completes its migration to the Silicom products, a process which will be based on its experience with the Company and its performance over time.
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