Anaren Inc. (ANEN) Updates Q3 Earnings Guidance
Anaren Inc. (NASDAQ:ANEN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.35-0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.40, Analyst RN reports.
Shares of Anaren Inc. (NASDAQ:ANEN) opened at 27.95 on Tuesday. Anaren Inc. has a 1-year low of $18.73 and a 1-year high of $28.19. The stock’s 50-day moving average is $27.94 and its 200-day moving average is $26.15. The company has a market cap of $353.5 million and a P/E ratio of 24.24.
Anaren (NASDAQ:ANEN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $41.80 million for the quarter, compared to the consensus estimate of $41.12 million. During the same quarter last year, the company posted $0.33 earnings per share. Anaren’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Anaren Inc. will post $1.48 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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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