Entropic Communications Stock Rating Upgraded by Needham & Company LLC (ENTR)
Shares of Entropic Communications (NASDAQ:ENTR) opened at 3.37 on Tuesday. Entropic Communications has a one year low of $3.05 and a one year high of $5.12. The stock’s 50-day moving average is $3.40 and its 200-day moving average is $4.13. The company’s market cap is $299.5 million.
Entropic Communications (NASDAQ:ENTR) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.01. The company had revenue of $55.66 million for the quarter, compared to the consensus estimate of $55.57 million. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. On average, analysts predict that Entropic Communications will post $-0.44 earnings per share for the current fiscal year.
Entropic Communications, Inc provides semiconductor solutions for the connected home. The Company’s Set-top Box (NASDAQ:ENTR), System-on-a-Chip (SoC), and home connectivity, or connectivity, solutions enable global pay-television (TV) operators to offer consumers whole-home entertainment experiences.
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