Silicom Ltd. (SILC) Releases Earnings Results, Beats Expectations By $0.21 EPS

Silicom Ltd. (SILC) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $0.42. The company posted revenue of $26.00 million in the period, compared to analysts expectations of $22.00 million. The company’s revenue was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Silicom Ltd. opened for trading at $30.59 and hit $31.6 on the upside on Wednesday, eventually ending the session at $31.57, with a gain of 3.68% or 1.12 points. The heightened volatility saw the trading volume jump to 40,074 shares. Company has a market cap of $231 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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