Cascade Microtech (CSCD) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.14. The company posted revenue of $34.80 million in the period, compared to analysts expectations of $35.16 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Cascade Microtech. Cascade Microtech was Downgraded by Lake Street to ” Hold” on Feb 5, 2016. Cascade Microtech was Downgraded by Craig Hallum to ” Hold” on Feb 5, 2016.
Cascade Microtech opened for trading at $20.6 and hit $20.85 on the upside on Friday, eventually ending the session at $20.7, with a gain of 0.34% or 0.07 points. The heightened volatility saw the trading volume jump to 19,110 shares. Company has a market cap of $329 M.
In a different news, on Nov 12, 2015, John D Delafield (director) sold 3,000 shares at $16.15 per share price.
Cascade Microtech Inc. is a designer developer manufacturer and marketer of wafer probing thermal and reliability solutions for the electrical measurement and testing of semiconductor devices. The Company operates through two business segments: Systems and Probes. The Systems business segment is engaged in the sale of probe stations thermal subsystems and reliability test systems. The Probes segment is engaged in the sale of analytical probes and production probe cards. The Company designs manufactures and sells multiple product lines including probe stations thermal subsystems reliability test systems analytical probes production probe cards and various services and accessories.