Applied Micro Circuits Corp. (AMCC) Scheduled to Post Quarterly Earnings on Thursday
Applied Micro Circuits Corp. (NASDAQ:AMCC) is scheduled to be announcing its earnings results on Thursday, January 23rd. Individual interested in registering for the company’s earnings conference call can do so using this link.
Applied Micro Circuits Corp. (NASDAQ:AMCC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $55.00 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts expect Applied Micro Circuits Corp. to post $0.10 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Applied Micro Circuits Corp. (NASDAQ:AMCC) opened at 12.01 on Wednesday. Applied Micro Circuits Corp. has a 52-week low of $6.51 and a 52-week high of $15.09. The stock has a 50-day moving average of $12.19 and a 200-day moving average of $11.93. The company’s market cap is $887.0 million.
A number of research firms have recently commented on AMCC. Analysts at Sterne Agee downgraded shares of Applied Micro Circuits Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a $14.00 price target on the stock, down previously from $16.00. On a related note, analysts at BMO Capital Markets downgraded shares of Applied Micro Circuits Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 3rd. They now have a $14.00 price target on the stock, down previously from $18.00. Finally, analysts at Thomson Reuters/Verus upgraded shares of Applied Micro Circuits Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.11.
Applied Micro Circuits Corporation (NASDAQ:AMCC) is a provider of semiconductor solutions for the data center, enterprise, telecom and consumer/small medium business (SMB) markets.
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