Needham & Company Reiterates Buy on Sigma Designs (SIGM) Following Solid 2Q Report

Sigma Designs (SIGM): Cutting PT On Weak Guidance - Baird

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Sigma Designs (NASDAQ: SIGM) and sees several growth drivers into F2018 including an initial mobile IoT revenue ramp, new IoT design wins, G.hn, and continued 4K ramp.

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After-Hours Stock Movers 09/06: (AAOI) (PGNX) (CMG) Higher; (CASY) (PLAY) (SIGM) Lower (more...)

Today's After-Hours Movers:

Applied Optoelectronics, Inc. (Nasdaq: AAOI) 18.9% HIGHER; announced updated guidance for its third quarter ended Sept. 30, 2016. Revenue in the range of $63.0 million to $65.0 million, above the prior outlook of $56.0 million to $59.0 million. (The Street sees revenue of $58.2 million.) Non-GAAP fully diluted earnings per share in the range of $0.26 to $0.29, using a weighted-average fully diluted share count of approximately 18.0 million shares. This is above the prior outlook of $0.16 to $0.21 per share. (The Street sees EPS of $0.19.)

Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX)... More

Sigma Designs (SIGM) Tops Q2 EPS by 6c

Sigma Designs (NASDAQ: SIGM) reported Q2 EPS of $0.07, $0.06 better than the analyst estimate of $0.01. Revenue for the quarter came in at $61.3 million versus the consensus estimate of $61.19 million.

For earnings history and earnings-related data on Sigma Designs (SIGM) click here.

Sigma Designs (SIGM) September volatility elevated at 105 into Q2 and outlook

Sigma Designs (NASDAQ: SIGM) September call option implied volatility is at 105, October is at 65; compared to its 52-week range of 48 to 101 into the expected release of Q2 results today after the market close.