Silicom (NASDAQ:SILC) Posts Earnings Results

Silicom (NASDAQ:SILC) announced its quarterly earnings results on Monday. The technology company reported ($0.25) earnings per share for the quarter, Zacks reports. The business had revenue of $14.50 million during the quarter. Silicom had a negative net margin of 9.80% and a negative return on equity of 5.97%. Silicom updated its Q3 2024 guidance to EPS.

Silicom Stock Performance

NASDAQ:SILC opened at $13.70 on Tuesday. Silicom has a 52 week low of $13.52 and a 52 week high of $31.49. The firm has a 50-day moving average price of $15.68 and a two-hundred day moving average price of $15.85. The firm has a market cap of $92.61 million, a price-to-earnings ratio of -8.66 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SILC shares. Needham & Company LLC lowered Silicom from a “buy” rating to a “hold” rating in a report on Tuesday. StockNews.com upgraded Silicom from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.