After conducting checks, JMP Securities expects MaxLinear's June quarter results to beat expectations, and predicts that its results will exceed consensus estimates in 2H15 and into 2016. The firm thinks the company will benefit from solid demand for higher data rate cable. JMP adds that it detected increasing 4K activity for DirecTV (DTV) and next-gen equipment deployments, which it believes bode well for MaxLinear. JMP raised its price target on MaxLinear to $15 from $11 and reiterates an Outperform rating.
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