Ikanos Communications (IKAN) Announces Quarterly Results
Ikanos Communications (NASDAQ:IKAN) posted its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01, AnalystRatings.NET reports. The company had revenue of $16.60 million for the quarter, compared to the consensus estimate of $17.00 million.
Ikanos Communications (NASDAQ:IKAN) traded up 9.23% on Tuesday, hitting $1.42. 203,021 shares of the company’s stock traded hands. Ikanos Communications has a 52 week low of $1.05 and a 52 week high of $2.11. The stock has a 50-day moving average of $1.27 and a 200-day moving average of $1.49. The company’s market cap is $101.8 million.
Ikanos Communications, Inc (NASDAQ:IKAN) is a provider of advanced broadband semiconductor and software products for the digital home.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.