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Drexel Hamilton Reiterates Buy as Semtech (SMTC) Signs Agreement with Comcast

October 6, 2016 7:03 AM EDT

Drexel Hamilton reiterated a Buy rating and $32.00 price target on Semtech Corp. (NASDAQ: SMTC) following the company's announced signed agreement with Comcast to deploy trial LoRa WAN networks in the U.S.. As an incentive to accelerate Comcasts LoRa deployments, SMTC will issue... More

Semtech (SMTC) Extends LPWAN Agreement with Comcast (CMCSA); Updates Q3 GAAP Outlook

October 5, 2016 4:07 PM EDT

Semtech Corporation (Nasdaq: SMTC) announced that it has entered into an agreement with Comcast (Nasdaq: CMCSA) regarding the intended trial deployment by Comcast of a low-power wide-area network (LPWAN) in the United States, based on Semtech LoRa® Wireless Radio Frequency Technology. The LoRaWAN-based network trial deployment is expected to commence in the calendar fourth quarter of 2016 in Philadelphia and San Francisco, and target smart enterprise, government and consumer Internet of Things (IoT) applications such as metering, asset tracking, building and public venue management, security, food safety, vending, and waste... More