GigOptix Upgraded to “Outperform” by Zacks (GIG)
GigOptix (NYSE:GIG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $1.60 target price on the stock. Zacks‘s price target suggests a potential upside of 15.94% from the company’s current price.
A number of other analysts have also recently weighed in on GIG. Analysts at Sidoti initiated coverage on shares of GigOptix in a research note on Thursday, April 10th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. GigOptix presently has an average rating of “Buy” and an average target price of $1.60.
GigOptix (NYSE:GIG) traded up 0.73% on Tuesday, hitting $1.38. The stock had a trading volume of 67,878 shares. GigOptix has a one year low of $0.90 and a one year high of $1.98. The stock has a 50-day moving average of $1.41 and a 200-day moving average of $1.57. The company’s market cap is $43.4 million.
GigOptix (NYSE:GIG) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.01. On average, analysts predict that GigOptix will post $-0.01 earnings per share for the current fiscal year.
GigOptix, Inc (NYSE:GIG) is a supplier of semiconductor and electro-optical component products that enables high-speed end to end data streaming over optical fiber and wireless telecommunications and data-communications networks globally.
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