Applied Micro Circuits Corporation (AMCC) Shares are Up 0.58%

Applied Micro Circuits Corporation (AMCC) has been under a strong bear grip, hence the stock is down -2.41% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.41% in the past 1 week. The stock has risen by 0.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.93% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 0.88%.The 200 Day SMA reached 9.04%

Applied

Applied Micro Circuits Corporation (NASDAQ:AMCC): After opening at $6.94, the stock dipped to an intraday low of $6.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.99 and the buying power remained strong till the end. The stock closed at $6.95 for the day, a gain of 0.87% for the day session. The total traded volume was 633,218. The stocks close on the previous trading day was $6.95.

Applied Micro Circuits Corporation (AMCC) : Currently there are 5 street experts covering Applied Micro Circuits Corporation (AMCC) stock. The most bullish and bearish price target for the stock is $11 and $6 respectively for the short term. The average price target of all the analysts comes to $8. The estimated standard deviation from the target is $2.12.

Applied Micro Circuits Corporation (AMCC) provides silicon solutions for cloud infrastructure and data centers, as well as connectivity products for edge, metro and long haul communications equipment. The Companys products are used in a variety of communications and other networking applications, such as the infrastructure for data centers, wide area networks, carrier access networks, and enterprise networks. Its products include the X-Gene ARM 64 bit Server on a Chip solution (X-Gene), along with the X-Weave family of connectivity products, for cloud/hyperscale and enterprise applications. The Company also offers X-Weave family of connectivity products. Data center and enterprise networks continue to deploy computing and storage assets. The Companys data center connectivity technology portfolio, consisting of optical, backplane and short reach copper solutions, provides high-speed connectivity with increased port density.

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