Silicom breaks out after earnings, levels to watch The stock is up nearly 12% in the pre-market after the company reported earnings for its Q4 of 49 cents versus 36 cents in the year ago period. At the current price of $21.80, next resistance is at $21.91, and then at $22.63. Support is at $20.75.
Silicom sees Q2 revenue $16.8M-$17.2M, consensus $19.95M CEO Shaike Orbach commented, Our shortfall for the second quarter reflects a softening of demand from some of our customers, due to longer-than-expected decision making processes together with the slower market deployment of our high-potential design wins and our new solutions for upcoming industry trends. We expect that the second quarter will be the low-point of our revenues for the year and believe that the strategy that has worked extremely well for us for many years will continue to prove itself in the future.”