Zacks Investment Research downgraded shares of Silicom Limited (SILC) from OUTPERFORM to NEUTRAL on July 23, 2014, with a target price of $31.00.
Silicom engages in the design, manufacture, marketing, and support of add-on cards used to boost the performance of its customers' servers and network appliances. As a component supplier, it is benefiting from the shift to cloud and virtualization as these users and vendors seek to minimize costs. Its recent agreement with Intel will now allow it to sell white label solutions to cloud customers such as Facebook, Google and Amazon. .
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