MaxLinear, Inc. Announces Fourth Quarter 2018 Financial Results
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MaxLinear (MXL) PT Raised to $24 at Needham & Company
February 6, 2019 8:03 AM ESTNeedham & Company analyst N. Quinn Bolton raised the price target on MaxLinear (NYSE: MXL) to $24.00 (from $20.00) while maintaining a Buy rating.
Bolton commented, "MXL reported solid 4Q18 results and issued 1Q19 revenue guidance in-line with our revised estimates following CES.... More
MaxLinear (MXL) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
February 5, 2019 4:40 PM ESTMaxLinear (NYSE: MXL) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $87.6 million versus the consensus estimate of $87.03 million.
Non-GAAP basis:
Non-GAAP gross margin was 62.7%. This compares to 62.5% in the prior quarter, and 62.0% in the year-ago quarter.Non-GAAP operating expenses were $36.7 million, or 42% of revenue, compared to $35.6 million or 42% of revenue in the prior quarter, and $38.3 million or 34% of revenue in the year-ago quarter.Non-GAAP income from operations was 21% of revenue, compared to 21% in the prior quarter, and 28% in the year-ago... More