ANADIGICS Announces Second Quarter Results
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Lake Street Capital Markets Downgrades ANADIGICS (ANAD) to Hold
August 7, 2015 8:13 AM EDTLake Street Capital Markets downgraded ANADIGICS (NASDAQ: ANAD) from Buy to Hold with a price target of $0.50 (from $2.00).
For an analyst ratings summary and ratings history on ANADIGICS click here. For more ratings news on ANADIGICS click here.
Shares of ANADIGICS closed at $0.57 yesterday.
... MoreAnadigics (ANAD) Reports In-Line Q2 EPS
August 6, 2015 4:26 PM EDTAnadigics (NASDAQ: ANAD) reported Q2 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $15.8 million versus the consensus estimate of $16.14 million.
As of July 4, 2015, cash and cash equivalents totaled $15.2 million, or net cash of $11.2 million, after excluding $4.0 million drawn under the Companys credit facility.
Despite market softness in small cell and some temporary excess customer inventory to work through in... More
