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Stock Market & Financial Investment News

News Breaks
March 31, 2014
09:17 EDTMONTMontage Technology reports preliminary Q1 revenue $34.5M-$36.5M
Montage Technology announced preliminary revenue results for Q1 of $34.5M-$36.5M, exceeding the previously announced guidance of $29M-$32M. The increased revenue expectations reflect higher sales of Montage's memory interface solutions due to growing demand for LRDIMMs. As a result, memory interface revenue is expected to increase more than 60 percent sequentially. Gross margin for the first quarter 2014 is expected to be above the previously announced guidance range of 60 percent to 62 percent.
News For MONT From The Last 14 Days
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October 23, 2014
09:13 EDTMONTMontage Technology receives NASDAQ extended stay
Montage Technology announced that on October 21, the company received a letter from The NASDAQ Stock Market indicating that, pursuant to a request submitted by the company on October 8, the Nasdaq Hearings Panel has granted the company's request to extend the automatic 15-day stay of suspension of trading in the company's ordinary shares pending the hearing on the merits of the company's appeal scheduled for November 6 and a final determination regarding the company's listing status thereafter. The company plans to provide an update regarding its continued listing on NASDAQ once a decision has been issued by the Panel.
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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