Atlanta, GA – Scibility Media – 11/06/2014.
This article discusses two companies: Ikanos Communications, Inc.(NASDAQ:IKAN) and Microsemi Corporation(NASDAQ:MSCC)
Ikanos Communications, Inc.(NASDAQ:IKAN) reported its third quarter 2014 financial results on Oct. 30th, 2014. The figures included a revenue of $11.1 million and a GAAP net loss of $10.3 million, or $0.10 per share. For comparison’s sake, Ikanos recorded a revenue of $16.9 million for third quarter 2013 and a GAAP net loss of $12.3 million, or $0.12 per share, during second quarter 2014.
The California-based communication equipment company designs and sells semiconductors and integrated firmware products in the United States. Ikanos has traded within a range of $0.28 to $1.39 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $0.332. This suggest that Ikanos is currently trending downward.
Microsemi Corporation(NASDAQ:MSCC) is a California-based semiconductor company that designs and markets analog and mixed-signal semiconductor solutions in the United States. In addition to producing radio frequency and power components, this company also develops field programmable gate arrays, system-on-chip solutions, and chip-scale atomic clocks. Microsemi has long been a player in the semiconductor business, as the company was founded in 1960.
On Oct. 22nd, RBC Capital Markets initiated coverage on Microsemi Corporation. The company was assigned an Outperform rating.
The company will be releasing its fiscal fourth quarter earnings report after the markets close today. Additionally, Microsemi will also be hosting a conference call after the markets close to discuss the figures.
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