MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results
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M/A-COM Technology Solutions (MTSI) PT Lowered to $27 at Needham & Company
November 14, 2018 8:55 AM ESTNeedham & Company analyst N. Quinn Bolton lowered the price target on M/A-COM Technology Solutions (NASDAQ: MTSI) to $27.00 (from $34.00) while maintaining a Buy rating.
Bolton commented, "MTSI reported in-line F4Q18 results and F1Q19 guidance. DC product revenue was driven by... More
MACOM Technology Solutions (MTSI) Reports In-Line Q4 EPS, Revenues Slightly Miss; Offers Q1 EPS/Revenue Outlook
November 13, 2018 4:07 PM ESTMACOM Technology Solutions (NASDAQ: MTSI) reported Q4 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $151.2 million versus the consensus estimate of $152.17 million.
Adjusted gross margin was 54.8%, compared to 58.1% in the previous year fiscal fourth quarter and 56.0% in the prior fiscal quarter;Adjusted operating income was $18.7 million, or 12.3% of revenue, compared to... More