Somewhat Critical News Coverage Somewhat Likely to Affect GigPeak (GIG) Share Price
News coverage about GigPeak (AMEX:GIG) has trended somewhat negative on Wednesday, according to AlphaOne Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. GigPeak earned a news sentiment score of -0.22 on AlphaOne’s scale. AlphaOne also gave news articles about the technology company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
Several brokerages recently issued reports on GIG. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of GigPeak in a research report on Tuesday, February 14th. Cowen and Company boosted their price target on shares of GigPeak from $3.50 to $4.00 and gave the company an “outperform” rating in a research report on Tuesday, January 17th. Finally, Craig Hallum cut shares of GigPeak from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.60.
Shares of GigPeak (AMEX:GIG) opened at 3.07 on Wednesday. The firm has a 50-day moving average of $3.07 and a 200-day moving average of $2.77. GigPeak has a one year low of $1.63 and a one year high of $3.11.
GigPeak (AMEX:GIG) last issued its quarterly earnings data on Monday, February 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $16.22 million for the quarter, compared to analysts’ expectations of $16.17 million. On average, equities analysts forecast that GigPeak will post $0.23 earnings per share for the current fiscal year.
GigPeak Company Profile
GigPeak, Inc, formerly GigOptix, Inc is a semiconductor designer, developer and supplier of a range of analog, digital and mixed signal components to enable information streaming over the telecom networks, datacom infrastructure and consumer electronics links. The Company’s business is made up of two product lines: High-Speed Communications (HSC) product line and Industrial product line.
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