MaxLinear Analysts Boost Their Forecasts After Upbeat Q2 Results
MaxLinear Inc. (NASDAQ: MXL ) on Thursday reported upbeat second-quarter earnings and issued strong third-quarter guidance. Second-quarter revenue rose 55% year over year and 23% sequentially to $168.8 million, beating the $164.702 million analyst estimate. GAAP earnings were 2 cents per share, while adjusted earnings of 35 cents per share topped the 33-cent estimate. “Our Q2 financial results highlight the exciting inflection in our business trajectory and the beginning of a multiyear growth phase for MaxLinear,” CEO Kishore Seendripu said. For the third quarter, MaxLinear expects revenue of $210 million to $220 million, above the $173.837 million analyst estimate. MaxLinear shares dipped 14.6% to trade at $77.90 on Friday. These analysts made changes to their price targets on MaxLinear following earnings announcement. Needham analyst N. Quinn Bolton maintained the stock...
MaxLinear Inc. (NASDAQ: MXL ) on Thursday reported upbeat second-quarter earnings and issued strong third-quarter guidance. 702 million analyst estimate. GAAP earnings were 2 cents per share, while adjusted earnings of 35 cents per share topped the 33-cent estimate.
“Our Q2 financial results highlight the exciting inflection in our business trajectory and the beginning of a multiyear growth phase for MaxLinear,” CEO Kishore Seendripu said. 837 million analyst estimate. 90 on Friday. These analysts made changes to their price targets on MaxLinear following earnings announcement.
Needham analyst N. Quinn Bolton maintained the stock with a Buy and raised the price target from $60 to $100. Susquehanna analyst Christopher Rolland maintained the stock with a Neutral and raised the price target from $45 to $80. Considering buying MXL stock?
Here’s what analysts think: Photo via Shutterstock