Anaren (ANEN) Announces Quarterly Earnings, Meets Expectations
Anaren (NASDAQ:ANEN) announced its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.35, StockRatingsNetwork.com reports. The company had revenue of $41.80 million for the quarter, compared to the consensus estimate of $41.12 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Anaren updated its Q3 guidance to $0.35-0.39 EPS.
Anaren (NASDAQ:ANEN) opened at 27.95 on Tuesday. Anaren has a one year low of $18.73 and a one year high of $28.19. The stock has a 50-day moving average of $27.94 and a 200-day moving average of $26.15. The company has a market cap of $353.5 million and a price-to-earnings ratio of 24.24.
A number of analysts have recently weighed in on ANEN shares. Analysts at Needham & Company downgraded shares of Anaren to a “hold” rating in a research note to investors on Thursday, December 5th. Finally, analysts at Canaccord Genuity downgraded shares of Anaren from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th.
Anaren, Inc is a provider of microelectronics, and microwave components and assemblies for the wireless and space and defense electronics markets.
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