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）週三公佈了次季業績，結果低於預期。
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報告每股虧損25美分，低於分析師預期的19美分。公司報告第二季度銷售額爲9199萬美元，低於分析師預期的10004.4萬美元，根據Benzinga Pro的數據。
"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."
“總之，我們對我們的無線和光交互連接產品在基礎設施市場方面的進展感到興奮和有信心，即使我們在等待寬帶恢復，”董事長兼首席執行官Kishore Seendripu博士說：“此外，我們的以太網、存儲、Wi-Fi7和光纖PON網關產品已經在市場上，滿足了附加的新TAm，具有強大的客戶吸引力，並有望實現有意義的增長。我們正在圍繞這些機會優化自己的努力，這將成爲我們未來業務的變革，同時爲我們的客戶和股東創造最大價值。”
MaxLinear said it sees third-quarter revenue of $70 million to $90 million, versus estimates of $100.044 million.
MaxLinear表示，它預計第三季度營業收入爲7000萬至9000萬美元，而分析師預估爲10004.4萬美元。
MaxLinear shares dipped 30.5% to trade at $15.50 on Thursday.
週四，MaxLinear股價下跌30.5%，報15.50美元。
These analysts made changes to their price targets on MaxLinear following the announcement.
這些分析師在公告後調整了MaxLinear的價格目標。
- 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的分析師David Williams保持MaxLinear買入評級，但將價格目標從28美元下調至22美元。
- Susquehanna的分析師Christopher Rolland保持該股票持有評級，但將價格目標從30美元下調至26美元。
- Craig-Hallum的分析師Richard Shannon保持MaxLinear持有評級，但將價格目標從38美元下調至28美元。
- Northland Capital Markets的分析師Tim Savageaux保持該股票跑贏大盤評級，但將價格目標從30美元下調至25美元。
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- 這位Lululemon分析師不再看好；這是週四前五次下調。
Needham analyst Quinn Bolton downgraded MaxLinear from Buy to Hold.
Needham的分析師Quinn Bolton將MaxLinear的評級從買入下調爲持有。