MACOM Technology Solutions (MTSI) Reports In-Line Q1 EPS, Revenues Miss; Q2 EPS/Revenue Guidance Below Consensus

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Go back to MACOM Technology Solutions (MTSI) Reports In-Line Q1 EPS, Revenues Miss; Q2 EPS/Revenue Guidance Below Consensus

M/A-COM Technology Solutions (MTSI) PT Lowered to $23 at Needham & Company

February 6, 2019 7:36 AM EST

Needham & Company analyst N. Quinn Bolton lowered the price target on M/A-COM Technology Solutions (NASDAQ: MTSI) to $23.00 (from $27.00) while maintaining a Buy rating.

Bolton commented, "MTSI's F1Q19 revenues were lighter than expected while NG EPS was in-line. However, MTSI's F2Q19... More