GigOptix (GIG) Tops Q3 EPS by 1c
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Needham & Company Reiterates Buy on GigOptix (GIG) Following 3Q Earnings Report
October 18, 2016 7:18 AM EDTNeedham & 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
