Inphi Corporation IPHI was a big mover last session, as the company saw its shares rise almost 8% on the day. The upside was driven by the company’s announcement of production availability of its new 45GBaud Linear Coherent Product Family. Notably, this is the industry's first linear ICs enabling 400G coherent solutions for next-generation long haul, metro, and data center applications. The 45GBaud Linear Coherent Product Family will be showcased at Inphi's OFC 2016 booth #3611 in Anaheim Convention Center between Mar 22 and Mar 24. This continues the recent uptrend for the company as the stock is now up 32.8% in the past one-month time frame.
In the last 30 days, the company has seen no estimate revisions and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Inphi currently holds a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Another well-placed stock from the semi-analog/mixed industry is MaxLinear, Inc. MXL, which sports a Zacks Rank #1 (Strong Buy).
Is IPHI going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment