Form 6-K EZCHIP SEMICONDUCTOR For: Oct 06
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Chardan Capital Affirms EZchip Semi (EZCH) at 'Buy' Following Lowered Q3 Outlook
October 6, 2014 1:57 PM EDTChardan Capital reiterates EZchip Semiconductor Ltd. (EZCH) at Buy with a price target of $30 following the company's revised Q3 outlook issued earlier Monday.
Analyst Jay Srivatsa commented, Earlier today, EZCH lowered Q3:14 revenue guidance to $19 million, down from the previous guidance of $22 million. The company stated the primary reason for the lowered guidance was due to inventory adjustments and weakness... More
EZchip Semiconductor (EZCH) Cuts Q3 Revenue Outlook
October 6, 2014 8:04 AM EDTEZchip Semiconductor (NASDAQ: EZCH) announced that financial results for the third fiscal quarter of 2014 will be below the company's previous outlook. The company currently expects revenue in Q3 2014 to be in the range of $19 million, approximately 14% lower than the $22 million range guidance previously provided.
*** The Street... More
