Shares of NetLogic (NETL) Fall Slightly on Weak Preliminary Q4 and FY11 Sales Results
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Price: $26.61 -0.56%
Financial Fact:
Total operating expenses: 62.14M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total operating expenses: 62.14M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Shares of NetLogic Microsystems, Inc. (NASDAQ: NETL) are trading down 0.16 percent in the after-hours of trading following the release of preliminary financial information for its fourth quarter and fiscal year ended Dec. 31, 2011.
The company expects to report revenue for the fourth quarter of 2011 of $96.2 million, a 9.9 percent sequential decrease from $106.8 million for the third quarter of 2011 and a 4.2 percent decrease from $100.4 million for the fourth quarter of 2010. For the fiscal year 2011, the company expects to report revenue of $405.4 million, a 6.2 percent increase from $381.7 million for fiscal year 2010. The Street's consensus is calling for $110.58 million in sales for Q4 and $420.32 for the full year.
The company’s cash, cash equivalents and short-term investments at Dec. 31, 2011 totaled $258.9 million, an increase of $16.5 million from $242.4 million at Sept. 30, 2011.
“2011 was another strong year for NetLogic Microsystems,” said Ron Jankov, president and CEO. “In addition to achieving record levels of revenue, we saw an acceleration of our design win success across our multi-core processors, knowledge-based processors, physical layer products and digital front-end processor portfolio. The advanced capability of our solutions is ideally suited for multiple market trends in networking and communications as the demand for greater intelligence, performance and bandwidth drives significant architectural changes in the design of next-generation systems. Further, we continue to execute strongly, demonstrating our ability to consistently deliver an ambitious product and technology roadmap that positions us well for growth as these significant trends play out.”
The company plans to announce its final fiscal fourth quarter and year-end results on Feb. 15, 2012.
The company expects to report revenue for the fourth quarter of 2011 of $96.2 million, a 9.9 percent sequential decrease from $106.8 million for the third quarter of 2011 and a 4.2 percent decrease from $100.4 million for the fourth quarter of 2010. For the fiscal year 2011, the company expects to report revenue of $405.4 million, a 6.2 percent increase from $381.7 million for fiscal year 2010. The Street's consensus is calling for $110.58 million in sales for Q4 and $420.32 for the full year.
The company’s cash, cash equivalents and short-term investments at Dec. 31, 2011 totaled $258.9 million, an increase of $16.5 million from $242.4 million at Sept. 30, 2011.
“2011 was another strong year for NetLogic Microsystems,” said Ron Jankov, president and CEO. “In addition to achieving record levels of revenue, we saw an acceleration of our design win success across our multi-core processors, knowledge-based processors, physical layer products and digital front-end processor portfolio. The advanced capability of our solutions is ideally suited for multiple market trends in networking and communications as the demand for greater intelligence, performance and bandwidth drives significant architectural changes in the design of next-generation systems. Further, we continue to execute strongly, demonstrating our ability to consistently deliver an ambitious product and technology roadmap that positions us well for growth as these significant trends play out.”
The company plans to announce its final fiscal fourth quarter and year-end results on Feb. 15, 2012.
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