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MaxLinear (MXL) Surges 5.9%: Is This an Indication of Further Gains?
MaxLinearMaxLinear(US:MXL) ZACKSยท2024-06-24 17:25

Company Insights - The chipmaker is expected to report a quarterly loss of $0.20 per share, reflecting a year-over-year decline of 158.8% [1] - Revenues for the chipmaker are anticipated to be $100.02 million, down 45.6% from the same quarter last year [1] - MACOM's consensus EPS estimate for the upcoming report has decreased by 0.3% over the past month to $0.65, which is a 20.4% increase compared to the previous year [3] - MaxLinear has recently developed its fourth generation 200G/lane PAM4 SERDES and DSP family, named Rushmore, indicating an expanding product portfolio [4] Stock Performance - MaxLinear shares increased by 5.9% in the last trading session, closing at $20.16, with significant trading volume [7] - Over the past four weeks, MaxLinear's stock has gained 5% [7] - MACOM Technology's stock closed 0.7% higher at $105.77, with a 3.5% return over the past month [6] Industry Trends - MaxLinear operates within the Zacks Semiconductor - Analog and Mixed industry [6] - The correlation between earnings estimate revisions and stock price movements is emphasized as a critical factor in evaluating stock strength [8]