Lake Street Capital Markets Downgrades ANADIGICS (ANAD) to Hold
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Anadigics (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
