QuickLogic (QUIK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Revisions to Earnings Estimates For the next fiscal year, the consensus earnings estimate of $0.61 indicates a change of +22% from what QuickLogic is expected to report a year ago. Over the past month, the estimate has remained unchanged. Even though a company's earnings growth is arguably the best ...

- SensiML Data Studio Democratizes Voice Recognition on Tiny Devices with New Text-to-Speech Synthetic Dataset Generation Feature PORTLAND, Ore., July 25, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI software for IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), today released a new generative AI feature to enhance Data Studio, its dataset management application for IoT edge devices. This innovative new capability allows embedded device developers to utilize text-to-speech (TTS) and AI voice g ...

Visit us at Booth #200 to discuss your requirements for eFPGA IP or FPGA devices to address your unique challenges in radiation-hardened environments. Our team will be on hand to share how QuickLogic's solutions are empowering next-generation aerospace and defense applications with unmatched reliability and performance. SAN JOSE, Calif., July 18, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, is excited to ...

Robust portfolio strength is helping QuickLogic to gain numerous deals in the defense and space markets. Its partnership with companies having large fabrication facilities and distribution partners in emerging markets like India will aid growth over the long run. This collaboration will simplify the distribution of QUIK's products, including field programmable gate arrays (FPGA) and embedded FPGA hard intellectual property chips in the growing private space sector of India. Additionally, QuickLogic will be ...

SAN JOSE, Calif., July 16, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, is pleased to announce a new distribution agreement with Spur Microwave Inc. (Spur India). This partnership will significantly strengthen QuickLogic's presence and support for customers across the growing India market. "We are excited to partner with Spur India, a company with a strong reputation and over 25 years of experience in hi ...

Core Insights - QuickLogic is rated Zacks Rank 3 (Hold) based on a strong externally audited track record and significant changes in earnings estimates [1][22] - The consensus sales estimate for QuickLogic is $4.5 million for the current quarter, reflecting a year-over-year increase of +54.1% [4] - QuickLogic's earnings estimate for the current fiscal year is $0.50, indicating a year-over-year change of +194.1% [7] Earnings Estimate Revisions - QuickLogic is expected to post earnings of $0.01 per share for the current quarter, representing a year-over-year change of +108.3% [14] - The consensus earnings estimate for the next fiscal year is $0.61, indicating a change of +22% from the previous year [15] - The company has seen a significant correlation between earnings estimate revisions and stock price movements, as higher earnings estimates typically lead to increased stock fair value [2][6] Projected Revenue Growth - QuickLogic reported revenues of $6.01 million in the last quarter, showing a year-over-year change of +45.5% [16] - The current quarter's sales estimate of $4.5 million and the fiscal year estimates of $27.5 million and $34.6 million indicate strong revenue growth trends [4] Valuation - QuickLogic is graded F in terms of valuation, suggesting it is trading at a premium compared to its peers [18] - The company has surpassed consensus EPS estimates two times over the last four quarters, indicating a positive trend in performance [20] Market Performance - QuickLogic shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [13] - The Zacks Electronics - Semiconductors industry, to which QuickLogic belongs, has gained 11.8% over the same period [13]

Image Source: Zacks Investment Research The shares of QUIK have declined 22.3% in the year-to-date period compared to the Zacks Electronics - Semiconductors industry's growth of 35%. Estimates for this Zacks Rank #3 (Hold) company's earnings for the current quarter have been reduced from 6 cents to a penny in the past 60 days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. QuickLogic is steadily expanding its footprint in the aerospace and defense markets with its radiation ...

"QuickLogic is honored to have been chosen by the US Government to continue as the Prime Contractor for this highly specialized and mission critical program," said Brian Faith president and CEO of QuickLogic. "This project builds on the company's 30+ year heritage of delivering FPGA technology to Aerospace companies and Defense Industrial Base (DIB) and will extend our capabilities to support SRH design objectives." QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the pr ...

QuickLogic (QUIK) closed the most recent trading day at $10.28, moving +0.1% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.50 per share and revenue of $27.5 million, indicating changes of +194.12% and +29.73%, respectively, compared to the previous year. Our research shows that these estimate ...

PORTLAND, Ore., June 25, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI software for IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), is excited to announce the official launch of its highly anticipated open-source initiative Piccolo AI™. Developers, researchers, and AI enthusiasts can now access the first open-source AutoML solution for IoT edge AI, designed to streamline the creation of intelligent sensor algorithms at the edge. The heart of the initiative, the GitHub repository at github.com ...