Breaking News Instant updates and real-time market news.

SILC

Silicom

$40.66

-17.9 (-30.57%)

16:24
03/13/18
03/13
16:24
03/13/18
16:24

Silicom announces cancelation of contract awarded by top-10 player

Silicom announced that the top-10 Cloud player that awarded Silicom its largest-ever design win has decided to abort the new cloud infrastructure architecture for which it had ordered the Silicom 100-Gigabit-Switch-Fabric-On-A-NIC product. In communicating its decision, the customer indicated that the cancellation was unrelated to Silicom's product, development or support, which was flawless; rather, its decision to abort the configuration was based on issues and challenges faced at a much higher level of the new Cloud architecture. Silicom has open POs related to the cancelled program that are due for delivery within the Q1 and Q2. The Company is now evaluating the impact of the news on the results of these quarters, as well as on its future results.

  • 29

    Mar

SILC Silicom
$40.66

-17.9 (-30.57%)

04/27/17
04/27/17
NO CHANGE

Silicom reports Q1 non-GAAP EPS 52c, consensus 48c
Reports Q1 revenue $25.3M, consensus $23.86M.
07/25/17
NEED
07/25/17
NO CHANGE
Target $67
NEED
Buy
Silicom price target raised to $67 from $60 at Needham
Needham analyst Alex Henderson raised his price target for Silicom to $67 from $60 saying the company is at an inflection point where numerous demand drivers are poised to drive significantly higher rates of growth. The analyst reiterates a Buy rating on the shares.
01/12/18
NEED
01/12/18
NO CHANGE
Target $90
NEED
Buy
Silicom price target raised to $90 from $75 at Needham
Needham analyst Alex Henderson raised his price target on Silicom to $90, citing strong ramp and lengthening visibility from the company's deals signed over the past year. The analyst says the booked deals could double the size of the company over the next two years as they ramp to full production in that time span. Henderson keeps his Buy rating on Silicom.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.