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Stock Market & Financial Investment News

News Breaks
March 24, 2014
13:32 EDTMONTMontage Technology weakness a buying opportunity, says Chardan
Chardan said Montage Technology is being pressured by the expiration of the IPO lock up today and a negative article questioning the business. The firm said the article does not address anything new and that the internal audit is likely close to completion. The firm said business is on track to meet or beat Q1 expectations and the weakness provides a buying opportunity. Shares are Buy rated with a $26 price target.
News For MONT From The Last 14 Days
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October 15, 2014
07:42 EDTMONTMontage Technology reports preliminary Q3 revenue $46M, consensus $43.1M
Montage Technology Group announced preliminary revenue results for Q3 of approximately $46M, exceeding its previously announced guidance range of $41M-$45M. The increased revenue expectations reflect higher sales of its memory interface solutions, which are expected to be approximately $14M or 30% of revenue for Q3, primarily due to increased demand for its DDR4 RDIMM and LRDIMM solutions.

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