Silicom Ltd. (SILC) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Silicom Ltd. (SILC) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.48. The company posted revenue of $21.40 million in the period, compared to analysts expectations of $20.64 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Silicom Ltd. opened for trading at $32.86 and hit $33.5 on the upside on Monday, eventually ending the session at $33.27, with a gain of 0.51% or 0.17 points. The heightened volatility saw the trading volume jump to 5,962 shares. Company has a market cap of $242 M.

Silicom Ltd. (Silicom) is engaged in the design manufacture marketing and support of networking and data infrastructure solutions for a range of servers server based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); intelligent and programmable cards with features such as encryption acceleration data compression redirection time stamping network capture solutions field programmable gate array (FPGA) based ultra-low latency solutions and/or other offload features (Smart Adapters); stand-alone bypass switches (Mostly Intelligent Bypass Switches) and Server To Appliance Converter (SETAC) product family a solution that provides standard servers to be configured as network appliances with front networking ports including Switched SETAC. The Company’s products are sold to original equipment manufacturer (OEM) customers who offer networking appliances servers and storage devices.

Silicom Ltd.

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