GigPeak Reports Record Revenue and Enhanced Overall Financial Performance in the Third Quarter of Fiscal 2016

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Go back to GigPeak Reports Record Revenue and Enhanced Overall Financial Performance in the Third Quarter of Fiscal 2016

Needham & Company Reiterates Buy on GigOptix (GIG) Following 3Q Earnings Report

October 18, 2016 7:18 AM EDT

Needham & Company reiterated a Buy rating and $3.50 price target on GigOptix (NYSE: GIG) following the company's 3Q earnings report. GigPeak reported 3Q16 revenue of $15.8MM and NG EPS of $0.05. Adjusted EBITDA was a record $4.6MM, above $4.0MM estimates. GIG guided 4Q16 revenue to $16.0-16.2MM, ahead of $16.0MM... More