DSP Group (DSPG) Releases Earnings Results, Beats Expectations By $0.03 EPS

DSP Group (DSPG) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.11. The company posted revenue of $27.66 million in the period, compared to analysts expectations of $27.02 million. The company’s revenue was down -27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on DSP Group. Lake Street Initiated DSP Group on Feb 17, 2016 to “Buy”, Price Target of the shares are set at $10.Shares were Reiterated by Needham on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $11 .

DSP Group opened for trading at $8.8 and hit $8.96 on the upside on Friday, eventually ending the session at $8.89, with a gain of 0.57% or 0.05 points. The heightened volatility saw the trading volume jump to 43,482 shares. Company has a market cap of $193 M.

In a different news, on Mar 9, 2016, Ofer Elyakim (CEO) sold 2,815 shares at $9.52 per share price. According to the SEC, on Feb 12, 2016, David Dahan (VP and COO) sold 7,753 shares at $8.27 per share price. On Aug 28, 2015, Kenneth H Traub (director) purchased 10,000 shares at $8.59 per share price, according to the Form-4 filing with the securities and exchange commission.

DSP Group Inc. is a global provider of wireless chipset solutions for converged communications. The Company enables original equipment manufacturers (OEMs) original design manufacturers (ODMs) consumer electronics (CE) manufacturers and service providers to develop products. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT); Cordless Advanced Technology – Internet Quality (CAT-iq) Ultra Low Energy (ULE) Wi-Fi video Voice over Internet Protocol (VoIP) Public Switched Telephone Network (PSTN) HDClear (previously BoneTone) noise suppression and voice quality enhancement technologies. It offers wireless voice and data transmission solutions for various applications including mobile handsets. Its three segments include home office and mobile.

DSP Group

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