MaxLinear Analysts Cut Their Forecasts After Q2 Loss
MaxLinear Analysts Cut Their Forecasts After Q2 Loss
MaxLinear, Inc. (NASDAQ:MXL) reported worse-than-expected second-quarter financial results on Wednesday.
MaxLinear, Inc.（NASDAQ:MXL）周三公布了次季财报，结果低于预期。
MaxLinear reported a quarterly loss of 25 cents per share which missed the analyst consensus estimate of 19 cents per share. The company reported quarterly sales of $91.990 million which missed the analyst consensus estimate of $100.044 million, according to data from Benzinga Pro.
MaxLinear报告每股亏损25美分，低于分析师预期的19美分。公司报告第二季度销售额为9199万美元，低于分析师预期的10004.4万美元，根据Benzinga Pro的数据。
"In conclusion, we are excited and confident in our progress in the infrastructure market with our wireless and optical interconnect products, even as we await a broadband recovery," said Kishore Seendripu, PhD, Chairman and CEO. "In addition, our Ethernet, storage, Wi-Fi7, and fiber PON gateway products are all in the market today addressing additional new TAM, have strong customer traction, and are poised for meaningful growth. We are optimizing our efforts around these opportunities, which will be transformative for our future business while driving maximum value for our customers and shareholders."
“总之，我们对我们的无线和光交互连接产品在基础设施市场方面的进展感到兴奋和有信心，即使我们在等待宽带恢复，”董事长兼首席执行官Kishore Seendripu博士说：“此外，我们的以太网、存储、Wi-Fi7和光纤PON网关产品已经在市场上，满足了附加的新TAm，具有强大的客户吸引力，并有望实现有意义的增长。我们正在围绕这些机会优化自己的努力，这将成为我们未来业务的变革，同时为我们的客户和股东创造最大价值。”
MaxLinear said it sees third-quarter revenue of $70 million to $90 million, versus estimates of $100.044 million.
MaxLinear表示，它预计第三季度营业收入为7000万至9000万美元，而分析师预估为10004.4万美元。
MaxLinear shares dipped 30.5% to trade at $15.50 on Thursday.
周四，MaxLinear股价下跌30.5%，报15.50美元。
These analysts made changes to their price targets on MaxLinear following the announcement.
这些分析师在公告后调整了MaxLinear的价格目标。
- Benchmark analyst David Williams maintained MaxLinear with a Buy rating, while cutting the price target from $28 to $22.
- Susquehanna analyst Christopher Rolland maintained the stock with a Positive rating, while slashing the price target from $30 to $26.
- Craig-Hallum analyst Richard Shannon maintained MaxLinear with a Hold rating, while lowering the price target from $38 to $28.
- Northland Capital Markets analyst Tim Savageaux maintained the stock with an Outperform rating, while lowering the price target from $30 to $25.
- Benchmark的分析师David Williams保持MaxLinear买入评级，但将价格目标从28美元下调至22美元。
- Susquehanna的分析师Christopher Rolland保持该股票持有评级，但将价格目标从30美元下调至26美元。
- Craig-Hallum的分析师Richard Shannon保持MaxLinear持有评级，但将价格目标从38美元下调至28美元。
- Northland Capital Markets的分析师Tim Savageaux保持该股票跑赢大盘评级，但将价格目标从30美元下调至25美元。
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Needham analyst Quinn Bolton downgraded MaxLinear from Buy to Hold.
Needham的分析师Quinn Bolton将MaxLinear的评级从买入下调为持有。