Ikanos Communications (IKAN) Announces Quarterly Earnings Results, Meets Expectations
Ikanos Communications (NASDAQ:IKAN) announced its earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12), American Banking News reports. The company had revenue of $11.30 million for the quarter, compared to the consensus estimate of $11.98 million.
Shares of Ikanos Communications (NASDAQ:IKAN) traded up 7.61% on Thursday, hitting $0.44. The stock had a trading volume of 474,242 shares. Ikanos Communications has a 52 week low of $0.38 and a 52 week high of $1.45. The stock has a 50-day moving average of $0.43 and a 200-day moving average of $0.70. The company’s market cap is $43.5 million.
Ikanos Communications, Inc (NASDAQ:IKAN) is a provider of advanced broadband semiconductor and software products for the digital home.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.