MACOM Technology Solutions (MTSI) Tops Q2 EPS by 4c; Offers 3Q EPS Guidance Above Consensus, Affirms 3Q Revenue Outlook

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Go back to MACOM Technology Solutions (MTSI) Tops Q2 EPS by 4c; Offers 3Q EPS Guidance Above Consensus, Affirms 3Q Revenue Outlook

Stifel Defends MACOM Technology Solutions (MTSI)

April 29, 2021 1:19 PM EDT

Stifel analyst Tore Svanberg came out to defend MACOM Technology Solutions (NASDAQ: MTSI), telling clients to buy today's weakness given that strong profitability drove NG EPS beat/raise on in-line Mar Q sales & Jun Q outlook.

Svanberg notes the stock is down ~7% intraday on... More