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Stock Market & Financial Investment News

News Breaks
May 14, 2014
10:14 EDTEZCHEZchip sees Q2 revenue in $22M range, consensus $20.85M
Says NPS is gaining momentum. Says NPS is expected to generate "meaningful" revenues in FY16. Comments made during the company's Q1 earnings conference call.
News For EZCH From The Last 14 Days
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October 20, 2014
06:35 EDTEZCHMigdal Insurance reports 5.07% passive stake in EZchip
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October 6, 2014
11:20 EDTEZCHEZchip downgraded to Buy from Strong Buy at Feltl
Feltl downgraded EZchip to Buy after the company reduced Q3 revenue expectations on an inventory adjustment across its customer base. After speaking with management, Feltl believes weak customer orders could last thru 2014. The firm dropped its price target for shares to $25.50 from $31.
11:14 EDTEZCHEZchip downgraded to Buy from Strong Buy at Feltl
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08:11 EDTEZCHEZchip cuts Q3 revenue to $19M from $22M, consensus $22.59M
CEO Eli Fruchter said, "In the third quarter of 2014 we have seen weakness in orders as well as inventory adjustments across most of our key customers that are serving the carrier networking equipment space. We believe this is a temporary slowdown, caused primarily by a weaker carrier spending environment that the market is currently going through. Looking further out, carrier spending is forecasted to resume growth and with it our corresponding sales into this market. Concurrently, we are making good progress with our NPS which expands our reach to new markets, primarily data centers, NFV and SDN. Our pending acquisition of Tilera, which is expected to close during Q4, subject to US regulatory approvals, will further diversify the market segments and customers we serve and provide additional growth opportunities."

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